Special Economic Zones: a tool for economic development
There are over 3,000 special economic zones worldwide directly employing over 69 million people.
“Commercial Awareness Is Global.”
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There are over 3,000 special economic zones worldwide directly employing over 69 million people.
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Containerized cargo represents a small but very important fraction of global trade.
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Did you know? Services accounts for 30% of the value created in manufacturing
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What Jamaica represents is a centralized location in the Americas where logistics and related activities can all be clustered on one island. Jamaica will become a platform for the use of digital technology to plan the design, production, packaging and distribution of goods; financial services; a strategic depot for the storage of natural resources, ship and airplane repair, legal services, tourism and so on.
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Yes, the land of Bolt and Bob is a maritime state. While it is true that Jamaica isn't often thought of in this way, even by Jamaican's themselves, it is none the less true.
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The development of Jamaica’s airfreight sector is indispensable and is a high priority for the Logistics Hub Initiative, even more so than its maritime counterpart. This is due to the fact that higher valued merchandise is usually transported by air and Jamaica’s air connectivity enhances our near shore advantage for goods destined to the Americas.
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A nation’s development and prosperity are increasingly joined to its connectedness to the rest of the world. The Global Logistics Hub Initiative has the goal of integrating and expanding Jamaica’s role in the global supply and value production system. The Initiative is the government’s response, in the form of a growth and development strategy, to the challenges and opportunities of globalization
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The simplest answer is that ports and airports, while very important, in the main facilitate trade and economic activity while the SEZs are the drivers of economic activity, economic development and wealth creation for the people of Jamaica.
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Expansive special economic zones facilitating assembly, warehousing, sorting, distribution and other value-added services, particularly for industries catering to time sensitive and high-value cargo
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The Government of Jamaica is creating the enabling environment that will be attractive to firms that engage in all forms of multimodal logistics.