JIS News

Story Highlights

  • Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says Jamaica places top priority on the services industry, as it dominates the country’s economic activities.
  • The Minister told the large gathering that the prospects going forward for Jamaica in the service sector is even greater, with the country positioning itself to establish the logistics hub.
  • Mr. Hylton pointed out that Jamaica is moving forward to establish the logistics hub and its financial services, as well as expand tourism, sports, culture and the creative industry.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says Jamaica places top priority on the services industry, as it dominates the country’s economic activities.

Addressing a panel discussion on: ‘Global Perspective on the Service Trade’, at the Global Business Services Summit, held at the Grand Hyatt Hotel in Washington, on September 30,  the Minister pointed out that the services industry represents 75 per cent of the country’s Gross Domestic Product (GDP).

He informed that Information Technology (IT), Tourism and Business Process Outsourcing are among the service sectors leading the way, and that the  country is participating in a range of other economic activities that are geared at increasing the services industry.

The Minister told the large gathering that the prospects going forward for Jamaica in the service sector is even greater, with the country positioning itself to establish the logistics hub. This will present the country with significant opportunities in the services industry.  He emphasized that the country’s path and future are tied to this very important service sector.

Mr. Hylton  pointed out that Jamaica is moving forward to establish the logistics hub and its  financial services, as well as expand tourism, sports, culture and the creative industry.

The Minister, along with panelists, Australia’s Minister of Trade and Investment, Mr. Andrew Robb; Director of Services and Investment, Public Procurement, European Commission, Mr. Rupert Schlegelmilch and Permanent Representative of Mexico to the World Trade Organization (WTO), Ambassador Fernando deMateo, discussed  current trade negotiations and issues important to the global trade system.

Also attending the Summit were Jamaica’s Ambassador to the United States, His Excellency Stephen Vasciannie and Advisor to the Minister, Mr. Eric Deans.