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The National Export-Import Bank of Jamaica Limited (Exim Bank) reports that Jamaicans are continuing to benefit from use of its facilities for Cuban exports.

Exim Bank: Cuban market exports still moving

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 13 Feb 2023    admin   
In an update on lending operations in documents laid in Parliament on February 7, 2023, The National Export-Import Bank of Jamaica Limited (Exim Bank) reported that Jamaicans are continuing to benefit from the use of its facilities for Cuban exports. The update, coming from the bank's 2020-2021 annual report, indicated that Exim continued to make available to the Banco Nacional de Cuba (BNC) lines of credit facilities in the amount of CDN$10 million to be used to finance the export of Jamaican-manufactured goods to Cuba. It also allows Jamaican exporters to penetrate and expand their...


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Norman Dunn (left), state minister, Ministry of Industry, Investment and Commerce, in conversation with Rodney Taylor, new secretary general, Caribbean Telecommunications Union, at the opening ceremony of the Meeting of the Caribbean Spectrum Management Task Force held at the Iberostar Resort in Montego Bay on Monday.

New standards to govern international mobile telecommunications needed – Taylor

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 13 Feb 2023    admin   
Newly appointed head of the Caribbean Telecommunications Union (CTU), Rodney Taylor, says new standards to govern international mobile telecommunications are needed as the Caribbean moves inevitably towards 5G technology. Taylor’s comments come against the background that the Caribbean is now faced with increased demands for Wi-Fi services to support consumer devices for applications such as gaming, the metaverse and the smart cities. He was speaking at the meeting of the Caribbean Spectrum Management Task Force (SMTF) at the Iberostar Resort in Montego Bay on Monday. “The global system that...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addressing stakeholders at a Rebranding and Quality Recognition ceremony, held at the AC Hotel by Marriott in Kingston recently.

Senator Hill Wants Local Consortium to Undertake Caymanas SEZ Development

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 13 Feb 2023    admin   
Jamaican investors are invited to form a consortium to undertake the development of the proposed Caymanas Special Economic Zone (SEZ) in St. Catherine. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the call, while addressing a Rebranding and Quality Recognition ceremony held at the AC Hotel by Marriott in Kingston recently. He said that the Zone will cost approximately $200 million to be developed. “Yes, we’re looking to foreigners [for investment] but I want to see a Jamaican consortium or business firm put that money together [and] become the master...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, shares the results of the second trade mission to Guyana, which took place from January 23 to 28 during a JIS Think Tank on Wednesday, February 8.

Construction, Technology Contracts Secured from Trade Mission to Guyana

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 08 Feb 2023    admin   
Jamaica’s recent trade mission to Guyana was a success, with several contracts established, especially in construction and technology, to supply Guyana with building materials and technological support. The construction supplies, which are soon to be exported, will aid in the development of roads, hospitals, schools and lower- to upper-income housing solutions. In addition, local information and communications technology (ICT) companies will lend support to Guyanese financial institutions to improve their customer experience. Minister of Industry, Investment and Commerce, Senator the Hon...


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Aubyn Hill, the industry minister.

Exporters urged to see Guyana as emerging trade frontier

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 08 Feb 2023    admin   
<p>&nbsp;</p> <p>Around 60 business operators and managers recently returned to Jamaica after embarking on a mission in Guyana to scout more trade opportunities.</p> <p>The delegation, which visited between January 24 and 27, was one of the first major initiatives after the rebrand of the Ministry of Industry, Investment and Commerce as Jamaica’s Business Ministry.</p> <p>“We’re going to have to export more … . If we are only selling to Jamaicans, we will never become well-developed … . It is so vital to the country,” Industry Minister Aubyn Hill...


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Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, addresses the British Council’s Investment Climate Reform (ICR) Facility Project Closeout Ceremony, held on (February 3) at the Spanish Court Hotel in New Kingston.

Developing Social Enterprise Legislation

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 08 Feb 2023    admin   
<p>The Government is moving closer to developing legislation to regulate and guide the social enterprise sector in Jamaica.</p> <p>Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, said that consultations are being undertaken with the relevant stakeholders to finalise a submission to Cabinet “after which we will continue to robustly pursue its completion through the stages of the legislative process, to its passage”.</p> <p>Dr. Dunn noted that the legislation, when implemented, will allow players in the sector to...


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PUBLIC PROCUREMENT READINESS PROJECT: CALL FOR APPLICATIONS

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 02 Feb 2023    admin   
The Ministry of Industry, Investment and Commerce (MIIC) is inviting Micro, Small and Medium Enterprises (MSMEs) to submit applications for the Public Procurement Readiness Project. The project will be implemented by the Jamaica Business Development Corporation (JBDC). The project is seeking to target 150 MSMEs to increase their participation in the public procurement process, by enhancing their capacity to successfully bid for public sector contracts. Applicants should complete the application form online at: https://www.research.net/r/WPCR2K8 , or the website of the Ministry www.miic.gov...


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Sen. the Hon. Aubyn Hill, Minister of Industry, Investment and Commerce (second from the right) hosts a Q&A session featuring the Vice President of Guyana, the Hon. Dr. Bharrat Jagdeo (second from the left). Also in attendance were (L-R) the Hon. Hugh Hilton Todd, Ministry of Foreign Affairs and International Cooperation, Government of Guyana, and Dr. Peter Ramsaroop, Chief Investment Officer, Office of the President and Agency Head of Guyana Office for Investment (GO-Invest).

Jamaica, Guyana Partnership strengthened through Trade Mission

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 31 Jan 2023    admin   
Jamaica’s Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, has led a second Trade Mission to Guyana with over 70 members representing 40 companies forming the Jamaica Delegation. This Trade Mission to Guyana was very privileged to have the Vice President of Guyana, the Hon. Dr. Bharrat Jagdeo address a special question and answer session with members of the Jamaican delegation. There were business sectors including construction, finance, manufacturing, education, cyber security and technology that were represented by the business leaders of these companies. “The...


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Members of the Jamaican Delegation who participated in the 2nd Ministerial Trade Mission to Guyana January 24 – 27, 2023

Guyana hosts the largest private sector delegation from the Caribbean

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 31 Jan 2023    admin   
The Jamaica Promotions Corporation (JAMPRO) and Senator the Honourable Aubyn Hill, Minister of Industry, Investment, & Commerce led an inward Jamaica Private Sector delegation, facilitated by the Guyana Government, Office of Investment (Guyana Invest). Meetings have been held in collaboration with key stakeholders of the Government and Private agencies with over sixty-nine (69) companies from backgrounds ranging from Construction, Mining, ICT & Cyber Security, Water Management, Education, Agriculture, Financial Services and Labour to name a few are part of this mission. This mission...


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Executive Director, Jamaica Intellectual Property Office (JIPO), Lilyclaire Bellamy.

Intellectual Property Being Positioned as Collateral for MSME Loan Access

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 31 Jan 2023    admin   
Micro, small and medium-sized enterprise (MSME) operators will soon be able to use their Intellectual Property (IP) as collateral to access loans from financial institutions. This was disclosed by Executive Director of the Jamaica Intellectual Property Office ( JIPO ), Lilyclaire Bellamy, during an interview with JIS News on Thursday (January 26). Ms. Bellamy said the Security Interests in Personal Property Act, 2013 makes provisions for businesses to tap into a more comprehensive range of collateral options, besides land, to access secured loans. These include inventory, accounts receivables...


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