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March 2024
 

21 March 2024

Adjustment to Exemptions Provided under Productive Input Relief (PIR) Regime

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 21 Mar 2024    admin   
Kingston, Jamaica, March 20, 2024 - Effective March 14, 2024, the Government of Jamaica (GOJ) has advised that items covered by Schedule III of the Revised Treaty of Chaguaramas (RTC) - which specifically relates to a special regime for oils and fats - will no longer be accorded duty exemption benefits on inputs or raw material under the Productive Input Relief (PIR) Regime. The discontinuation of the granting of exemption benefits for the items on Schedule III follows from a ruling by the Caribbean Court of Justice (CCJ) to apply the established rate of duty set by the Council for Trade and...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (right), exchanges greetings with Head of Cooperation,  European Union (EU) Delegation to Jamaica, Aniceto Ruiz (left), while Judge of the Caribbean Court of Justice (CCJ), Hon. Justice Anderson, shares in the moment. Occasion was the CARIFORUM Intellectual Property Rights and Innovation Case law Conference for the CARIFORUM Region, Mercosur and Chile, held recently at the Spanish Court Hotel in Kingston.

Brand Jamaica Must Be Protected – Senator Hill

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 21 Mar 2024    admin   
The Government continues to enhance the development and protection of the intellectual property (IP) rights of Jamaicans as a key contributor to national development, says Industry, Investment and Commerce Minister, Senator the Hon. Aubyn Hill. “Brand Jamaica and the excellence of our products and services must be protected and not infringed if they are to contribute meaningfully to Jamaica’s growth and development,” he noted. The Minister, who was addressing the recent CARIFORUM Intellectual Property Rights and Innovation Case law Conference at the Spanish Court Hotel in Kingston, said that...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addresses the Standing Finance Committee in the House of Representatives on March 6.

$88 Billion in PIR for Manufacturing in 2023

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 21 Mar 2024    admin   
The Ministry of Industry, Investment and Commerce is reporting that in excess of $88 billion in Productive Input Relief (PIR) was approved last year to assist businesses. Portfolio Minister, Senator the Hon. Aubyn Hill, made the disclosure while addressing the Standing Finance Committee in the House of Representatives on March 6. “We approved PIR, which is Productive Input Relief, for the value of machinery and raw material used in manufacturing in excess of $88 billion last year… the year before that it was over $100 billion in value,” he noted. The PIR scheme facilitates duty-free...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: information@miic.gov.jm

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm