“Commercial Awareness Is Global.”
There are principally three reasons why Jamaica changed its Zone Regime from Free Zone to SEZ and these are 1.WTO compliance, 2. IMF Agreement and 3.Improving Jamaica’s global competitiveness.
This is something I still firmly believe however what I have come to learn, understand and appreciate, thanks Lee Kuan Yew, is that that ‘proper role for government’ or as a private citizen has to be tempered with a degree of pragmatism. A part of this means putting your ideas out there and stimulating dialog.
Jamaica’s SEZ Regime, especially during the Covid-19 pandemic has become an island of calm in a turbulent ocean. The SEZ Regime represents for Jamaica’s economic independence a policy instrument that creates safe haven for near shore manufacturing, logistics, distribution, outsourcing services, etc ready to serve the 1-billion-person market in the Americas and beyond.
It represents, in my view, a blueprint of how to build a resilient and sustainable economy in the 21st Century, especially for a Small Island Developing State (SID).
The Jamaica Special Economic Zone Authority (JSEZA) in its special economic zone (SEZ) application process requires applicants’ to submit a variety of documents, come get a better understanding of what those documents are and their role and importance in the JSEZA application process.
Lydford Logistics, yet another project proving why Logistics Matters, Jamaica. As the company takes shape under the logistics hub framework it is also proving why SEZs matter to Jamaica.
As a small island developing state (SID), for Jamaica, the matter of moving, transforming and adding value to goods, services, people, data and money — logistics — most definitely matter.
The Jamaica Customs Agency (JCA) plays a crucial role in the regulation and monitoring of Special Economic Zones (SEZs) in Jamaica.
I chose the list based on several factors, including but not limited to, the convergence of various government policies, investments, enhanced and emerging business opportunities and infrastructural decisions made by the government, private sector and civil society in 2019 and preceding years. Certain patterns have emerged that should make 2020 – best guess – a very special one for business in Jamaica.
Let’s face it SEZ have a proven track record for economic growth and development through industrial upgrading, economic diversification and greater global value chain participation.