Aligning Jamaica’s offerings within a framework

ACCORDING TO Audley Shaw, Minister of industry, commerce, agriculture and fisheries, Jamaica’s move toward coordinating its development as a premier investment hub began with the coining of the National Investment Policy, approved for development by Cabinet in February 2017.

“This pivotal blueprint is the overarching policy framework by which the Government of Jamaica will attract and facilitate investments and will guide the development, administration, and monitoring of the investment community to ensure cohesion among all related initiatives, programmes, incentive regimes, and stakeholder contributions,” emphasised Shaw at the opening ceremony of the third staging of the nation’s premier investment event, the Jamaica Investment Forum (JIF), at the Iberostar Convention Centre in Montego Bay, St James recently.

Also pivotal to this investment infrastructure is the National Outsourcing Strategy, which forms part of the moves towards aligning Jamaica’s offerings in an attractively packaged and well-supported framework with the needs of the overseas investor market.

This is a five-year strategy being rolled out between 2015-2020, aimed at developing and advancing the outsourcing industry in Jamaica.

Shaw stressed that in support of this initiative, the Special Economic Zone (SEZ) Regulations were passed in Parliament in October 2017.