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May 2021
 

18 May 2021

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, makes his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.

Several Business Processes To Be Fully Automated

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 18 May 2021    communications   
<p>By the end of the fiscal year, several processes will be fully automated on the National Business Portal (NBP).</p> <p>The NBP, an initiative being handled by JAMPRO, will house the Business-to-Government (B2G) online interface for all public-sector entities involved in the investment or business facilitation processes.</p> <p>These include registration of pharmaceutical products; accessing the productive input relief for health entertainment/creative industries, manufacturing and agriculture; applying for cannabis licences; applying for the divestment of...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw, speaking during his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. Seated at left is Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn.

Government To Advance National Sourcing Policy

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 18 May 2021    communications   
The Government will be advancing the National Sourcing Policy to rebalance shortfalls in the impact of Foreign Direct Investment on economic growth in Jamaica. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, gave this update during his contribution to the 2021/22 Sectoral Debate at the Sitting of the House of Representatives on Tuesday (May 11). “The National Sourcing Policy is intended to increase linkages between micro, small and medium-sized enterprises (MSMEs) and multinational corporations. I will be advancing this policy in Cabinet shortly,” Mr. Shaw said. The MSMEs are...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw, makes his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.

Industry Ministry To Advance Trade Sector

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 18 May 2021    communications   
The Ministry of Industry, Investment and Commerce will be harnessing opportunities to advance the trade sector. This was noted by Minister of Industry, Investment and Commerce, Hon. Audley haw, during his 2021/22 Sectoral Debate presentation in the House of Representatives on May 11. “Several significant initiatives and programmes were mobilised to realign our strategic priorities to achieve growth,” he pointed out. The initiatives include widening the export basket to include traditional and non-traditional export products, such as craft and nutraceuticals. The industry will also focus on...


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Industry, Investment and Commerce Minister, Hon. Audley Shaw, makes his 2021/22 Sectoral Debate presentation in the House of Representatives on Tuesday (May 11), under the theme ‘Overcoming Challenges: Recovering Stronger and Faster’. At left is State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn.

$1 Billion Allocated For ‘Go Digital’ Initiative To Support Small Businesses

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 18 May 2021    communications   
The Ministry of Industry, Investment and Commerce has earmarked $1 billion to fund the ‘Go Digital’ initiative, being spearheaded by the Jamaica Business Development Corporation (JBDC) to support small businesses. Speaking in the 2021/22 Sectoral Debate in the House on May 11, under the theme ‘Overcoming Challenges: Recovering Stronger and Faster’, Portfolio Minister, Hon. Audley Shaw, said the initiative is being undertaken in recognition of the critical need for the digital transformation of the business landscape, particularly micro, small and medium-sized enterprises (MSMEs), in light of...


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The Minister of Industry, Investment and Commerce, Hon. Audley Shaw giving his contribution to the 2021/22 Sectoral Debate on Tuesday (May 11), in the House of Representatives.

CLA Has Granted 78 Licences

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 18 May 2021    communications   
Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Cannabis Licensing Authority (CLA) has granted 78 licences, to date, with 13 issued in the 2020/21 financial year. He gave the update during his contribution to the Sectoral Debate in the House of Representatives on Tuesday (May 11). Minister Shaw said that the licences are for various activities, including cultivation, processing, transport, research and development, and retail. He said that eight ‘no objection’ to cultivate hemp have also been issued. During the last financial year, the CLA implemented the Cannabis...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw, makes his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.

Companies Act To Be Amended To Accommodate Virtual Meetings

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 18 May 2021    communications   
A Bill is being drafted to amend the Companies Act to allow a company in Jamaica to hold general meetings, whether annual general meetings (AGMs) or extraordinary general meetings (EGMs), as hybrid meetings, that is in-person and virtually, or as completely electronic meetings. This Bill will match the transition the world has taken on, as part of efforts to prevent the spread of the coronavirus (COVID-19), with mostly virtual meetings. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, provided details during his contribution to the 2021/22 Sectoral Debate at the Sitting of the...


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The Minister of Industry, Investment and Commerce, Hon. Audley Shaw, giving his contribution to the 2021/22 Sectoral Debate on Tuesday (May 11), in the House of Representatives.

JAMPRO Facilitates Us$200 Million In Local And Foreign Direct Investments, 6,500 New Jobs

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 18 May 2021    communications   
The Jamaica Promotions Corporation (JAMPRO) recorded injection of US$200 million in Local Direct Investment (LDI) and Foreign Direct Investment (FDI) into the local economy during the last financial year and the creation of almost 6,500 new jobs. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the disclosure in his 2021/22 Sectoral Debate presentation in the House of Representatives on Tuesday (May 11). He said that the development is despite the challenges of the coronavirus (COVID-19) pandemic. He noted that the agency also facilitated more than US$755 million in...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw giving his contribution to the 2021/22 Sectoral Debate on Tuesday (May 11), in the House of Representatives.

Programme In Train To Grant Residency To Foster Investment

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 18 May 2021    communications   
The Government is working on the development of a framework for the introduction of an Economic Residency Programme to grant residency to foster investment. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, made the announcement during his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. He said the undertaking is being done by the Ministry through JAMPRO and in collaboration with the Ministry of National Security. Mr. Shaw said the proposal has been approved by Cabinet for further consultation and determination of the conditions for...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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