Government of Jamaica

How does the Special Economic Zone work?


Let’s say a major manufacturer in China ships 10 million white umbrellas to Jamaica. They are transported to an economic zone. When an order comes in from Dallas for two million pink umbrellas, the dying of these white umbrellas, packaging and shipping them to Dallas represent the value added service to be facilitated through the physical infrastructure of a logistics hub. Each alteration, addition or assembly (e.g. dying, packaging, inserting instruction leaflets in different languages, adding barcodes) attracts a fee regarded as value added income. The special economic zone will create jobs as it provides a framework through which value added services can be offered to incorporate the skills and competences of our workforce. This is a critical feature of the hub, through which economic benefits can be derived.

FAQ Category: 

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.

Twitter

MIIC Social

MIIC Facebook MIIC Twitter  MIIC YouTube MIIC Linkedin MIIC TikTok

 

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