Competitive Advantage
Location
- Nearshore to major target markets of the USA, Canada, Latin America and the European Union
- Favourable trade relations with and duty-free access to the USA and EU - Modern, Tier 1 trans-shipment hub with three international airports and two world class, deepwater seaports
Business Environment
Jamaica has a long history of promoting and supporting businesses, with a strong, active and competitive private sector, and a Government which is committed to driving sustainable development through the encouragement of commercial innovation, facilitation of high-end manufacturing and diversification of the economy. It is also ranked 1st in Latin America and the Caribbean and 6th in the world for ease of starting a business..
Communication
English is the official language in Jamaica
Education: Globally competitive secondary schools and tertiary institutions with STEM-focused undergraduate and graduate programmes. Jamaica graduates a cohort of 350 students in undergraduate, graduate and doctoral science-oriented programmes each year (including in biochemistry, microbiology, immunology, chemistry, biological and chemical engineering, pharmaceutical biotechnology, biology and IT data management and knowledge management systems).
Education: Globally competitive secondary schools and tertiary institutions with STEM-focused undergraduate and graduate programmes. Jamaica graduates a cohort of 350 students in undergraduate, graduate and doctoral science-oriented programmes each year (including in biochemistry, microbiology, immunology, chemistry, biological and chemical engineering, pharmaceutical biotechnology, biology and IT data management and knowledge management systems).
Physical and Technological Infrastructure:
- 21,000 kms of roads and major highways, with ongoing construction of major highways which surround and bisect the country for greater logistical efficiency
- First class, robust digital infrastructure multiple fibre routes providing seamless international connectivity and multiple mobile service providers offering 3G, 4G Wimax and international roaming services
- Skilled construction and engineering professionals guided by world class building codes
- Medical testing laboratories;
- Stable water supply
Political Stability
With a history of seamless transfer of democratic power, Jamaica is among the stablest democracies in the world, and the country has the 2nd highest freedom of press ranking in the Western hemisphere.
Labour Market
Trained, skilled workers at attractive compensatory levels, as labour costs compare favourably with other developing markets
