Port com­mu­nity sys­tem aid­ing in growth and de­vel­op­ment

Jamaica Gleaner - - GROWTH & JOBS -

WHILE TRADE is a ma­jor com­po­nent of Ja­maica’s econ­omy, many be­lieve the coun­try has a com­plex, in­ef­fi­cient and bu­reau­cratic trade en­vi­ron­ment. This is in line with the coun­try’s low rank­ing on the World Bank’s Do­ing Busi­ness and Lo­gis­tics Per­for­mance In­dex Re­ports for 2016.

In or­der to ad­dress this sit­u­a­tion, the Port Author­ity of Ja­maica and its strate­gic part­ners have been work­ing as­sid­u­ously to im­ple­ment a Port Com­mu­nity Sys­tem (PCS), which will serve as Ja­maica’s cen­tral hub for trade and lo­gis­tics in­for­ma­tion pro­cess­ing.

Some of the ben­e­fits to the port com­mu­nity’s stake­hold­ers in­clude: stream­lined and stan­dard­ised busi­ness pro­cesses re­duced, con­sis­tent cargo clear­ance times and ef­forts re­duced pa­per-push­ing ef­forts, er­rors, move­ment and de­lays in­creased trans­parency of cargo ac­tiv­i­ties and de­creased cor­rup­tion.

NEW BUSI­NESS OP­POR­TU­NI­TIES

Th­ese ben­e­fits will en­hance Ja­maica’s trade­fa­cil­i­ta­tion ca­pa­bil­i­ties, al­low­ing busi­nesses to fo­cus on pro­vid­ing value-added ser­vices to cus­tomers, thus cre­at­ing new busi­ness op­por­tu­ni­ties.

Ben­e­fits also ex­tend to Ja­maican busi­nesses op­er­at­ing across var­i­ous sec­tors that will en­joy the in­creased ac­cess and pen­e­tra­tion of global mar­kets. Com­merce will be trans­formed with in­creases in prod­uct va­ri­ety, qual­ity, com­pe­ti­tion and in­no­va­tion. As such, end con­sumers will en­joy the ben­e­fit of bet­ter choices, bet­ter prices and bet­ter ser­vice.

With the PCS, Ja­maica will bet­ter mas­ter the ad­min­is­tra­tive con­trols re­quired to suc­cess­fully op­er­ate as a lo­gis­tics hub. The coun­try will be more equipped to at­tract for­eign in­vest­ments, boost job cre­ation, and en­cour­age ma­jor busi­ness op­por­tu­ni­ties through the pro­vi­sion of a plat­form for growth and eco­nomic ad­vance­ment.

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