Business in Jamaica

EENI- School of International Business

Subject: Doing Business in Jamaica - Kingston. Syllabus:

  1. Introduction to Jamaica (the Caribbean)
  2. Doing Business in Kingston
  3. Jamaican Economy
  4. Foreign Trade of Jamaica
  5. Foreign Direct Investment (FDI) in Jamaica
  6. Business Opportunities in Jamaica:
    1. Food and beverages (coffee, rum)
    2. Maritime services and logistics
    3. Distribution
    4. Information and Communications Technology
    5. Manufacturing
    6. Tourism
    7. Business Process Outsourcing
  7. Case Study:
    1. Coffee Industry Board of Jamaica
    2. Processed food sector
  8. Access to the Jamaican Market
  9. Business Plan for Jamaica
  10. Introduction to the Jamaican History

The aims of the subject “Foreign Trade and Doing Business in Jamaica” are the following:

  1. To analyse the Jamaican economy and foreign trade
  2. To evaluate the business opportunities in Jamaica
  3. To explore Jamaica's trade relations with the student's country
  4. To know Jamaica's Free Trade Agreements (FTAs)
  5. To examine the profile of Jamaican business people and companies
  6. To develop a business plan for the Jamaican Market
The subject “Doing Business in Jamaica” is studied...
  1. Masters (e-learning): International Business, America
  2. Doctorate in Business in America

Learning materials in English or Spanish Jamaica French Jamaica

Credits of the subject “Foreign Trade and Doing Business in Jamaica”: 0.5 ECTS Credits

Master in International Business for Caribbean students (CARICOM).

Sample of the subject - Foreign Trade and Doing Business in Jamaica
Doing Business in Jamaica

Description of the Subject: Foreign Trade and business in Jamaica.

Jamaica: the Caribbean logistics hub (Port of Kingston).

  1. Jamaica has a strategic location in the Caribbean
  2. Jamaican language: English
  3. Capital: Kingston (937,700)
  4. Jamaican Population: 2.7 millions of people
  5. Life expectancy at birth: seventy-four years
  6. Surface: 10,991 square kilometres
  7. Independence: 1962 from the United Kingdom
  8. The main religion in Jamaica: Christianity (95% are Catholics)
  9. Jamaica belongs to the Caribbean Economic Area of the Western Civilisation
  10. Abolition of slavery in Jamaica: 1854
  11. African Diaspora in Jamaica: 2,6 millions of people (97% of the Jamaican population)
  12. Marcus Garvey was born in Jamaica

Jamaica Coffee Industry

Jamaican Economy.

  1. Market economy
  2. Jamaican GDP: 14.36 billion dollars
  3. Services: 80% of Jamaican GDP
  4. Jamaican agriculture sector: 6,8% of GDP
  5. Jamaica is the logistics hub of the Caribbean
  6. Stable business environment
  7. Key sectors: information and communications technology, manufacturing, tourism, Business Process Outsourcing, distribution, maritime services, and logistics
  8. The Government Vision 2030 National Development Plan
  9. Currency: Jamaican dollar

Costa Rica-CARICOM Free Trade Agreement

Jamaican Foreign Trade.

  1. Jamaican top exports: fine food (spices, rum, and Blue Mountain Coffee) and beverage
  2. FDI inflows (2004-14): 6,71 billion dollars
  3. Exports of goods: 1.4 billion dollars
  4. Export: 10,6% of Jamaican GDP
  5. The Port of Kingston: the largest container hub in the Caribbean
  6. Export companies in Jamaica should register in JAMPRO
  7. Jamaican Agency responsible for attracting (FDI): JAMPRO
Marcus Garvey Pan-Africanism

Jamaica has Preferential Access and Free Trade Agreements (FTA) with

  2. Colombia-Jamaica (CARICOM)Agreement (FTA)
  3. Costa Rica-Caribbean Community (Jamaica) Agreement
  4. CARIFORUM-European Union (EU)Economic Partnership Agreement
  5. The Caribbean-Canada Trade Agreement (CARIBCAN)
  6. Caribbean Basin Initiative (CBI)
  7. The United States-Caribbean Basin Trade Partnership Act (CBTPA)
  8. CARICOM-Dominican Republic Free Trade Agreement (FTA)
  9. The Caribbean Single Market Economy (CSME)
  10. Association of Caribbean States (Jamaica)
  11. Community of Latin American and Caribbean States (CELAC). The European Union-CELAC Summit

FTA Colombia-Jamaica (CARICOM):
CARICOM-Colombia Free Trade Agreement

Jamaica is a member of:

  1. Organisation of American States (OAS)
  2. Economic Commission for Latin America (ECLAC)
  3. Inter-American Development Bank (IDB)
  4. Latin American and Caribbean Economic System (SELA)
  5. The Caribbean Development Bank
  6. Commonwealth
  7. World Trade Organisation (WTO)
  8. International Monetary Fund (IMF)
  9. World Bank (WB)
  10. World Customs Organisation
  11. United Nations

Samples - Jamaica

Economic Partnership Agreement CARIFORUM-European Union

Caribbean Basin Initiative

European Union-CARICOM Free Trade Agreement

Caribbean Community (CARICOM)

Association of Caribbean States (ACS)

Caribbean Development Bank

U-EENI University