Jamaica

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The outlook for Jamaica business can be viewed from a perspective of cautious optimism. Offering a diverse range of opportunities, the island’s key industries include agriculture, mining, manufacturing, tourism and financial services. Agricultural exports include sugar, bananas, cocoa, coffee, citrus fruit, pimento, ginger, tobacco and sisal. Mining is predominantly bauxite and alumina, as well as gypsum used for local cement production. Jamaica has a wide variety of industrial activities including, but not limited to, metal fabrication, furniture production and food processing. Free trade zones have been established, not only to stimulated investment in light manufacturing and garment assembly, but in service oriented sectors like software and data processing for foreign firms. And while prospects for Jamaica business are intriguing, a certain amount of caution should be exercised before investing time and money. Factors that pose a risk to Jamaica business ventures include corruption, a high crime rate, large-scale unemployment, plus a burdensome public debt – one of the world’s highest on a per capita basis.

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