“Commercial Awareness Is Global.”
Jamaica’s SEZ Regime, especially during the Covid-19 pandemic has become an island of calm in a turbulent ocean. The SEZ Regime represents for Jamaica’s economic independence a policy instrument that creates safe haven for near shore manufacturing, logistics, distribution, outsourcing services, etc ready to serve the 1-billion-person market in the Americas and beyond.
The one question an investor needs to ask themselves before investing in a special economic zone (SEZ) in Jamaica or elsewhere is this: Am I eligible?
The activities within the SEZs are aimed at fully integrating the Jamaican economy into the global production and distribution systems that rely on global value and supply chains. This complex and dynamic system, at the heart of globalization, places Jamaica at a critical intersection of global trade, investment and services. In a globalized environment companies face several conflicting demands simultaneously, for example there is an equal drive to both centralize and decentralize production and distribution. Additionally, companies must balance global and local demands at the same time in the sense of being able to produce and distribute worldwide but at the same time adjusting product specifications through postponement to meet the local taste of consumers through customization.
Here are the top ten best reads to understanding Jamaica’s Special Economic Zone Regime and the mandate of the Jamaica Special Economic Zone Authority. Click on the button to expand the story.