Jamaica stands to benefit significantly from investment in special economic zones (SEZ) and the country’s bid to become a global logistics hub, says Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill. SEZs are areas within a country that are created to facilitate rapid economic growth, by leveraging tax incentives as a way of attracting foreign investment and...

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, says Jamaica’s accession to the Patent Cooperation Treaty (PCT) will lead to significant progress in strengthening the country’s innovation ecosystem and gross domestic product (GDP). “Ultimately, the PCT brings Jamaican creators within the world’s reach. They may seek protection in countries where they intend...

Jamaican businesses and entrepreneurs are invited to register now to take advantage of a major investor networking opportunity, through Jamaica’s hosting of the World Free Zone Organization (WFZO) Annual International Conference and Exhibition (AICE) 2022. The event, which is scheduled for June 13 to 17 at the Montego Bay Convention Centre in St. James, is the first in-person WFZO conference...

Jamaica’s ability to produce medical-grade oxygen has been further bolstered with the commissioning of IGL Limited’s pressure swing absorption (PSA) plant at Ferry, St. Catherine. The plant was developed at a cost of nearly $100 million. The facility was formally commissioned into service by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, who represented Prime Minister, the...

The Bureau of Standards Jamaica (BSJ) has revised two Standards that stipulate specifications for building blocks and ready-mixed concrete, two key construction components. The JS 25 2011 Jamaican Standard Specification for hollow concrete blocks and the JS 133 2015 Jamaican Standard Specification for ready-mixed concrete were launched during a digital ceremony on Tuesday (March 15), under the theme ‘Building Solid...

The Consumer Affairs Commission (CAC) is inviting the public to participate in a virtual town hall on digital financing on Tuesday, March 15 beginning at 10:00 a.m. The event, which is being held in observance of World Consumer Rights Day, will be broadcast via Zoom and streamed on the CAC’s Facebook page and the Jamaica Information Service (JIS) Facebook and...

Work is progressing on amendments to legislation governing the Jamaica Special Economic Zone Authority (JaSEZA) and the Jamaica International Financial Services Authority (JIFSA), says Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill. He was responding to questions during Thursday’s (March 3) meeting of the Standing Finance Committee of the House of Representatives, whose members are deliberating the...