UK Business Interests Urged to Look to Jamaica  

• The United Kingdom (UK) business community is being encouraged to look to Jamaica for business opportunities. State Minister in the Ministry of Foreign Affairs and Foreign Trade, Hon. Alando Terrelonge, who met with business interests at the Jamaican High Commission in London recently, has indicated to the UK business community that the country is open for trade and investment.
• Touting the advantages, he said that “Jamaica enjoys a globally competitive business market, strong commercial laws, world-recognized ease of doing business, and Jamaica is more than sand and sea. Jamaica is a key destination for business, trade, and investment, with many benefits of doing business in a modern democratic nation with great political and economic stability.”
• He underscored that Jamaica has one of the best-performing stock markets in the world (rated the best by Bloomberg in 2015 and 2018), a highly profitable real estate market, sound macroeconomic policies, impressive vocational programmes to upskill employees, and has enjoyed successive quarters of economic growth.
• The State Minister noted further that the World Bank and the International Monetary Fund (IMF), have all given Jamaica positive ratings for its economic management, adding that the country has also received a B+ rating from global credit rating agency Fitch.
• Given these attractive conditions for investments, investors from the UK business community can take advantage of these opportunities that may drive positive yield on investments. Subsequently, Jamaica will benefit, as increased investments provide employment and increase domestic consumption, thus resulting in a win for both parties.

(Source: JIS News)