JIS News

The Jamaica Trade and Invest (JTI) has reported that its first trade and investment seminar in Germany is already receiving expressions of interest in the island’s maritime and renewable energy sectors.
In addition, the JTI European Regional Manager, Mr. Laurence Jones, told JIS News that there is also strong interest from German firms in the planned inward investment mission to Jamaica, set for mid November.
“I was heartened by the interest (the seminar) generated from German business interests. Jamaica is known for tourism, for Reggae music and, of course, Usain Bolt, but many people are not aware of the many business and commercial opportunities in Jamaica. The Jamaica/German investment seminar was intended to not only disseminate information on these opportunities, but to also showcase the broad and diverse range of the Jamaican economy, in such areas as manufacturing and knowledge services,” Mr. Jones said.
The one-day seminar in Berlin on September 29 was held in association with the Jamaican Embassy in Berlin, the Federation of German Industries, and the Berlin Chamber of Commerce and Industry.
It was held in the wake of Jamaica’s success at the World Athletics Championships in Berlin, and the record breaking performances of sprinter, Usain Bolt.
The seminar was attended by more than 60 German business executives and officials from the Federal Government. It also targeted buyers of Caribbean foods and featured a mini exhibition and sampling of products from GraceKennedy, Dees Caribbean, Dalgety Teas, and Blue Mountain Coffee (Europe).
It was officially opened by Jamaica’s Ambassador to the Federal Republic of Germany, Her Excellency Joy Wheeler, with a presentation from Minister Counsellor of the Jamaican Mission to the European Union (EU), Mr. Esmond Reid, on the benefits to German companies investing in Jamaica under the Economic Partnership Agreement (EPA), between the European Union and the Caribbean Community.
There was also a focus on Jamaica’s maritime services, including the island’s Ship Registry, which has seen the number of German ships registered in Jamaica grow from one to 12 over the past 18 months.
Mr. Jones said the segment on Jamaica’s creative industries by the JTI Senior Consultant, Ms. Nardia McKenzie, was also well received, with German film executives expressing interest in the island as a destination for film shoots.
He said the JTI would now be moving to ensure that the positive feedback from the trade and investment seminar resulted in firm investments in Jamaica. He also said it is proposed to host similar seminars annually in Germany.

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