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Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Michael Stern, has called on members of the National Association of Jamaican and Supportive Organisations (NAJASO), as well as the next generation of Jamaicans in the Diaspora, to invest in Jamaica.
“As Government, we are confident that there are vast opportunities in Jamaica for investments, which will ultimately strengthen the Jamaican economy,” Mr. Stern said.
He was speaking at NAJASO’s 33rd Annual Convention and Awards Banquet, held at the Sunset Jamaica Grande Resort, in Ocho Rios, on July17.
“In the area of investments, we continue to see significant developments, with great prospects for the immediate future. We see many new opportunities, and through JAMPRO, we are now packaging and promoting these opportunities,” the State Minister pointed out.
“Some of these include mega-tourism development projects and a number of infrastructural development projects, such as the Caymanas Economic Zone, International Financial Services Centre and Lifestyles Jamaica Retirement Village,” he told members of NAJASO, which is based in the United States.
Other projects include the expansion of the Information Communication Technology sector, and the development of ports, airports and aerodromes.
“We remain positive in our outlook and have been taking deliberate steps to attract investment and to spur the increased trade of Jamaican goods and services to the world,” he said, noting that the total exports for January 2010 amounted to US$117 million, which was 6.9 per cent above the US$109 million that was reported for January 2009.
The State Minister emphasised that the Government is taking steps to significantly improve the country’s export performance.
“We intend to increase the current value of our non-traditional exports by as much as 50 per cent by the year 2012; increase the contribution of services exported as a percentage of overall exports, with emphasis on the professional services and creative industries sector; and increase penetration of existing markets, while seeking to access new and emerging markets,” he said.
The NAJASO convention, which concluded on July 18, was held under the theme: ‘Empowering the Next Generation for the Future’.