Doing Business in Jamaica

Subject (Course): International Trade and Business in Jamaica - Kingston. Syllabus:

1. Introduction to Jamaica (the Caribbean)
2. 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

Aims of the subject “Doing Business in Jamaica”:

1. To analyse the Jamaican economy and foreign trade
2. To evaluate 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 businesspeople and companies
6. To develop a business plan for the Jamaican Market

Sample of the subject - Business in Jamaica

Subject Description: 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

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

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. 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

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

1. CARICOM
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)

FTA Colombia-Jamaica (CARICOM):

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

Agreement European Union-CARICOM (Jamaica)