Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Building on a solid foundation: The way forward for Ja’s business portfolio
Jamaica now possesses an improved business environment and is enjoying increased investment supported by a strengthened local business community.
Columns
Anthony Hylton  
March 12, 2016

Building on a solid foundation: The way forward for Ja’s business portfolio

Tomorrow marks the beginning of the first full work week for the new Ministry of Industry, Commerce and Agriculture.

With this change comes a new period of governance and a different strategic approach for dealing with industry development of the agricultural sector and the business community. At this crossroad, we have a unique opportunity to reflect on the past and look to the future with a degree of optimism.

For me, this time of reflection is a chance to thank the agencies, departments and the staff at the former Ministry of Industry, Investment and Commerce for their work over the past four years. Together we have put in place important legislation, strong policies and laid the foundation for a more prosperous Jamaica, even as we pass the baton to the new Administration.

We have worked to position Jamaica as a global logistics hub, maximising on our geo-strategic location, natural harbours and our skilled English-speaking population. This thrust has impacted all areas of the ministry’s work, including the support offered to the micro, small and medium enterprise (MSME) sector, increased investment facilitation for manufacturing and logistics industries, and the modernisation of government business processes.

An objective look at the progress of the business portfolio will reveal that we now possess an improved business environment and are enjoying increased investment supported by a strengthened local business community.

In the 2014-2015 financial year, the ministry, through JAMPRO, facilitated $27.1 billion in capital expenditure, created 8,261 jobs, and facilitated US$225.5 million in export sales. Also, with our improved rankings in the major competitiveness indices, we have earned the moniker of being the best country to do business in the Caribbean.

This improved business environment was largely made possible through the hard work of the National Competitiveness Council. Initiatives such as the electronic registration of companies and business names, the establishment of filing centres across the island, and the implementation of a faster process for getting electricity are still being tracked by the council.

Indeed, what we have always worked towards is to make Jamaica the place of choice to do business, not just in the Caribbean and Latin America, but in the world.

We have implemented a National Outsourcing Strategy to create an additional 18,000 jobs by 2020 as the way forward for this critical industry. We have also implemented a revised National Export Strategy; established the Trade Facilitation Task Force to reduce the hassle associated with import and export; increased emphasis on using intellectual property protection to enhance our competitiveness as an investment location; hosted the first Jamaica Film Festival; and even reopened the once impossible scrap metal industry.

These achievements are not to be outdone by the work to strengthen the MSME sector. Today, we have a comprehensive MSME and Entrepreneurship Policy. We have travelled islandwide, via the Mobile Business Clinic, to build the capacity of our entrepreneurs and established the MSME Unit at the ministry to cater to the needs of the sector.

Importantly, these initiatives have been supported by the implementation of the secured transaction regime to increase access to credit for our entrepreneurs, and a new insolvency regime to encourage responsible risk-taking.

To increase the competitiveness of Jamaican businesses, goods and services, we have strengthened the National Quality Infrastructure. This we have achieved through the completion of the revised National Quality Policy, increased emphasis on accreditation and quality certification for the private sector, while separating the regulatory authority from the Bureau of Standards through the establishment of the National Compliance and Regulatory Authority.

Indeed, the recent announcement by the Bureau of Standards that it has received ISO certification of its business processes and management operations is a fitting culmination to years of hard work by the board and staff of the Bureau.

These achievements and more have been the work of the motivated staff across Government, under the policy guidance of the former Ministry of Industry, Investment and Commerce. The staff have truly brought the principles of joined-up government to life. And for this, I am grateful to have worked with them.

To the current minister of industry, commerce and agriculture, I hope that you will continue the work that has already begun. Before you are the immediate tasks of setting up operations for critical offices including the Special Economic Zone Authority and the Cannabis Licensing Authority, as provided by recent legislation.

Already, the interim regulations required for the Cannabis Licensing Authority to begin issuing licences are complete; the Cabinet has approved the plan to develop the Naggo Head Technology Park to provide work-ready space for business process outsourcing investors, which will result in more jobs for Jamaicans; the Medical Tourism Policy is in its consultation phase and the legislation required for Jamaica to compete to become the location for the Caricom Regional Patent Office is in its final stages.

Also, before the new Cabinet for its disposition is a proposal to access the unclaimed funds by individuals and corporations in banks and insurance companies in order to provide much needed credit to the MSME sector for productive purposes, including agriculture and the creative economy.

Indeed, a strong foundation has been laid but there remains much to be done.

Minister, I wish you every success in this portfolio even as you bring your own ideas and strategic priorities to this office. I implore the business community to show the same level of commitment and support that they have shown me while in office.

On my part, I stand ready to provide my time and expertise in any way possible to continue this work for the benefit of all Jamaica.

Anthony Hylton, MP, is the former minister of industry, investment and commerce.

<br>

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Cornwall College and Glenmuir win opening D’Cup quarterfinal games
Latest News, Sports
Cornwall College and Glenmuir win opening D’Cup quarterfinal games
PAUL A REID Observer writer reidp@jamaicaobserver.com 
December 6, 2025
MONTEGO BAY, St James - Former champions Cornwall College and Glenmuir High were winners on Saturday as the quarter-finals of the ISSA daCosta Cup foo...
{"jamaica-observer":"Jamaica Observer"}
JC, Charlie, Vauxhall and Eltham kick off Manning Cup quarterfinals with wins
Latest News, Sports
JC, Charlie, Vauxhall and Eltham kick off Manning Cup quarterfinals with wins
December 6, 2025
Charlie Smith High and Jamaica College (JC) scored identical 2-1 wins over Hydel High and Excelsior High to jump to the top of Zone A as the quarterfi...
{"jamaica-observer":"Jamaica Observer"}
Jimmy Cliff’s triumphant return to local stage at Rebel Salute 2005
Latest News
Jimmy Cliff’s triumphant return to local stage at Rebel Salute 2005
BY HOWARD CAMPBELL Observer senior writer 
December 6, 2025
Observer Online presents the sixth story in ‘Jimmy Cliff: Stories Of A Bongo Man’, in tribute to the reggae legend who died on November 24 at age 81. ...
{"jamaica-observer":"Jamaica Observer"}
KFC Jamaica rolls out self-service kiosks
Latest News
KFC Jamaica rolls out self-service kiosks
December 6, 2025
KINGSTON, Jamaica — KFC Jamaica has launched self-service ordering kiosks at its restaurants, introducing touchscreen terminals that allow customers t...
{"jamaica-observer":"Jamaica Observer"}
Hundreds treated as Chinese hospital ship draws crowds in MoBay
Latest News
Hundreds treated as Chinese hospital ship draws crowds in MoBay
December 6, 2025
ST JAMES, Jamaica — The Chinese hospital ship, Silk Road Ark, continued to attract large numbers of Jamaicans seeking medical care as it entered day t...
{"jamaica-observer":"Jamaica Observer"}
PJ Patterson hails late Dorothy Pine-McLarty as ‘pillar’ of Jamaica’s democracy
Latest News
PJ Patterson hails late Dorothy Pine-McLarty as ‘pillar’ of Jamaica’s democracy
December 6, 2025
KINGSTON, Jamaica — Former Prime Minister PJ Patterson has paid tribute to Dorothy Pine-McLarty, OJ, describing the late attorney and public servant a...
{"jamaica-observer":"Jamaica Observer"}
Shaggy’s ‘Lottery’, a safe bet in March
Entertainment, Latest News
Shaggy’s ‘Lottery’, a safe bet in March
BY KEVIN JACKSON Observer Writer 
December 6, 2025
Shaggy's 14th studio album Lottery is scheduled for release in March. The project, according to a highly placed source, will feature collaborations wi...
{"jamaica-observer":"Jamaica Observer"}
13-y-o battles rapidly worsening scoliosis as family struggles to raise funds for surgery
Latest News
13-y-o battles rapidly worsening scoliosis as family struggles to raise funds for surgery
BY BRITTANIA WITTER Observer online reporter witterb@jamaicaobserver.com 
December 6, 2025
From smiling with her spikes in hand to not knowing if she’ll ever give her all on the track again, 13-year-old Shanita Bruce is now facing a rapidly ...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct