Business in Jamaica, Kingston. Jamaican Economy

1. Introduction to Jamaica (Caribbean)
   1. Marcus Garvey
2. Business in Kingston
3. Jamaican Economy
4. Foreign Trade of Jamaica
5. Investment 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

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

1. To analyze the Jamaican Economy, Logistics and Global Trade
2. To identify business opportunities in Jamaica
3. To explore the Jamaican trade relations with the student's country
4. To know the Jamaican Trade Agreements
5. To examine the profile of Jamaican businesspeople and enterprises
6. To develop a business plan for the Jamaican Market

The Subject “Foreign Trade, Logistics and Business in Jamaica” belongs to the following Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate in World Trade.

Languages: or Jamaica Jamaica.

Credits of the Subject “Business, Trade and Transport in Jamaica”: 1

Jamaican Preferential Access and Trade Agreements

1. Jamaica and the Caribbean Economic Area
2. CARICOM
   1. Colombia-Jamaica (CARICOM) Agreement
   2. UK-CARIFORUM Free Trade and Economic Integration Agreement
   3. Costa Rica-CARICOM (Jamaica) Agreement
   4. CARIFORUM-EU Agreement
   5. CARICOM-Dominican Republic Agreement
3. Caribbean Single Market Economy (CSME)
4. Caribbean Basin Initiative
   1. The United States-Caribbean Basin Trade Partnership Act
5. Caribbean-Canada Trade Agreement
6. Association of Caribbean States (Jamaica)
7. Latin American and Caribbean Economic System
8. Caribbean Development Bank

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention

American Trade and Economic Organizations. Jamaica is a member of:

1. Organization of American States (OAS)
2. Economic Commission for Latin America (ECLAC)
3. Inter-American Development Bank
4. Community of Latin American and Caribbean States (CELAC)

1. The Commonwealth
2. United Nations
3. World Bank
4. World Trade Organization (WTO)
5. International Monetary Fund
6. World Customs Organization (WCO)

1. Jamaica has a strategic location in the Caribbean
2. Jamaican language: English
3. Capital of Jamaica: Kingston (937,700)
4. Jamaican population: 2.7 million people
5. Life expectancy at birth: seventy-four years
6. Jamaican Area: 10,991 km²
7. Independence of Jamaica: 1962 from the United Kingdom
8. Abolition of Slavery in Jamaica: 1854
9. African Diaspora in Jamaica: 2.6 million people (97% of the Jamaican population)

Main religion in Jamaica: Christianity (95% are Catholics).

Jamaica belongs to the Caribbean Economic Area.

Jamaican Economy.

1. A Market economy
2. Jamaican GDP: 14.36 billion dollars
3. Services: 80% of the Jamaican GDP
4. Jamaican agriculture sector: 6.8% of the GDP
5. Jamaica is the logistics hub of the Caribbean
6. Stable business environment
7. Key sectors of the Jamaican Economy: information and communications technology, manufacturing, tourism, Business Process Outsourcing, distribution, Maritime services, and Logistics
8. Government Vision 2030 National Development Plan
9. Currency of Jamaica: Jamaican dollar

International Trade and Business in Jamaica

Jamaican Foreign Trade.

1. Jamaican top exports: fine food (spices, rum, Blue Mountain Coffee) and beverage
2. FDI inflows (2004-14): 6,71 billion dollars
3. Jamaican exports of goods: 1.4 billion dollars
4. Export: 10.6% of the 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