The Government is working on the development of a framework for the introduction of an Economic Residency Programme to grant residency to foster investment. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the announcement during his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. He said the undertaking is being done by...

The Government will be advancing the National Sourcing Policy to rebalance shortfalls in the impact of Foreign Direct Investment on economic growth in Jamaica. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, gave this update during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (May 11). “The National Sourcing Policy...

Minister of Industry, Investment and Commerce,  Hon. Audley Shaw, says the Government will continue to work towards implementing the National Five-Year Agribusiness Strategy. Making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), Mr. Shaw said the Strategy aims to establish a modern and profitable agribusiness sector in Jamaica. It is also geared...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Caribbean Cement Company Limited’s  planned investment of  another $1.75 billion, will contribute to the continued development of the construction sector. The company plans to invest this sum over the next three years to improve its efficiencies and continue to increase its capacity. “This expansion supports the growth in the...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, has informed that condensed milk and clinker (used in cement production) supplied within the Caribbean Community (CARICOM) “have [now] been afforded an additional layer of protection”. Speaking in the 2021/22 Sectoral Debate in the House of Representatives on Tuesday (May 11), he noted that this achievement has been realised “after a...

The Ministry of Industry, Investment and Commerce and the Jamaica National Agency for Accreditation (JANAAC) are seeking to regulate COVID-19 testing facilities through the Pre-Accreditation Approval Programme (PAAP). State Minister, Dr. the Hon. Norman Dunn, said that the programme will enable facilities to adequately meet public demand for fast, accurate and cost-effective COVID-19 testing in order to ensure “the best...

Micro, small and medium-sized enterprises (MSMEs) are to benefit from the issuance of 86 bank guarantees during the upcoming financial year. This is being facilitated through the Credit Enhancement Programme with a $440-million allotment in the 2021/22 Estimates of Expenditure, now before the House of Representatives. The Credit Enhancement Programme seeks to promote productive investments in MSMEs in Jamaica by...