Jamaica is among the more successful caribbean islands that

Reference no: EM13374665

Jamaica is among the more successful Caribbean islands that offer great economic development and business growth.Jamaica operates as a mixed, free market economy with state enterprises as well as private sector businesses.The country's economic development strategy is supported by strong political commitment to free enterprise, a strong national brand identity, and a strong international profile.

Jamaica is the 4th largest island nation of the Greater Antilles.It is situated in the Caribbean Sea south of Cuba, and west of Hispaniola, the island containing the nation-states of Haiti and the Dominican Republic. Jamaica is the 5th largest island country in the Caribbean

The Jamaican economy is heavily dependent on services, which now account for nearly 65% of GDP. The country continues to obtain most of its foreign exchange from tourism, remittances, and bauxite/alumina

Jamaica is becoming an attractive country for investors both from foreign and local business people taking advantage of the recent focus on the island.As a stable developing nation competing for investment and trade opportunities, Jamaica's business sense, rich culture, creativity and energycombined with its geographic locationand resources, make it one of the world's bestinvestment and trade

The country has an expansive wireless network and is in the process of developing their mobile technologies nationwide. Prospective investors have their pick of sectors to focus their business opportunities.Jamaica ranked 21st for global interest as an inward investment location and 12th in FDI technology transfer and has made significant progress in creating an environment conducive to enterprise development.

Jamaica's investment regime continues to be open to foreign investors, who can benefit from a number of incentives, such as duty and tax concessions.Jamaica has continued to make progress in simplifying regulations and procedures to create a more investment friendly business environment (WTO Trade Policy Review 2012).

Reference no: EM13374665

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