What are Special Economic Zones?

Special economic zones (SEZ) are not a panacea for nation’s economic and developmental challenges. However, they are proven tools, if implemented correctly, to rapidly diversify a country’s industrial base, attract foreign direct investment (FDI), increase job creation and improve economic growth. Examples of such success range from Singapore, to  China (the factory of the world), to Ethiopia( the fastest growing

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Jamaica’s special economic zone framework designed to support private sector SEZ development

Greater involvement of the private sector in the development of zones reduces the burden placed on public resources and increases the efficiency of zones by allowing them to operate under market mechanisms. International experience reveals that a significant number of governments developed and managed zones have been less effective than their private counterparts. In order to facilitate private development of zones, an appropriate legal, regulatory and institutional framework should be in place. The Government’s main role would be to regulate economic zone activities, promote the zone regime, and aggressively identify, assemble, and make available land suitable for development through PPPs or JVs or private development.

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A business component roadmap to Jamaica’s logistics centered economy

How is the Hub being implemented? What are the timelines? What is the economic value proposition? What type of industries will be attracted to the hub? What strategy will be used to attract the leading global companies? How will the hub be financed? What are the opportunities for local businesses?

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The expanded Panama Canal and port expansion along the US East and Gulf coasts

The expanded Panama Canal is an important catalyst for these port investments, it is only one factor that is driving the port investments on the US east and Gulf coasts. As logistics, and particularly the transport component, continue to evolve only time will tell if these investments are justified.

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Jamaica’s Logistics Hub Initiative: Airfreight – The sleeping Giant

The development of Jamaica’s airfreight sector is indispensable and is a high priority for the Logistics Hub Initiative, even more so than its maritime counterpart. This is due to the fact that higher valued merchandise is usually transported by air and Jamaica’s air connectivity enhances our near shore advantage for goods destined to the Americas.

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Air connectivity: taking Jamaica to the world and the world to Jamaica

A nation’s development and prosperity are increasingly joined to its connectedness to the rest of the world. The Global Logistics Hub Initiative has the goal of integrating and expanding Jamaica’s role in the global supply and value production system. The Initiative is the government’s response, in the form of a growth and development strategy, to the challenges and opportunities of globalization

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Jamaica’s Global Logistics Hub: So Much More Than Ports

The simplest answer is that ports and airports, while very important, in the main facilitate trade and economic activity while the SEZs are the drivers of economic activity, economic development and wealth creation for the people of Jamaica.

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