Trade Facilitation has been defined as a comprehensive and integrated approach to reducing the complexity and cost of the trade transaction process, and ensuring that all these activities can take place in an efficient, transparent and predictable manner, based on internationally accepted norms, standards and best practices. The Government of Jamaica recognizes that a modernized trade facilitation regime is critical if countries like Jamaica are to benefit from the new arrangements in global production and remain competitive and open to international investment. The GoJ has, therefore, committed significant efforts towards trade facilitation in a bid to improve the country’s efficiency and competitiveness.
In 2013, the Government of Jamaica was amongst 160 countries from around the world who agreed to accept the “Bali Pakage/Agreement”. The centrepiece of the package is, without doubt, a new agreement on trade facilitation aimed at reducing red tape, and facilitating customs procedures in an effort to cut down the cost of doing business. The Agreement will “clarify and improve relevant aspects of Articles V, VIII and X of the General Agreements on Tariffs and Trade (GATT)” in order to:
In support of an improved trade facilitation regime, a national Trade Facilitation Task Force (TF2) was established to oversee implementation of the Agreement. The Trade Board Limited is the lead implementing agency in the Ministry.
To date, there has been a review of the business processes at the main ports of entry and exit; progress towards the development of a Single Trade Electronic Window interface of customs, port and other trade stakeholder agencies.
In June 2015, a Memorandum of Understanding (MOU) was signed between Ministers, Permanent Secretaries and other representatives of eight Ministries to facilitate coordination of efforts, signaling a strong commitment to effective, transparent, consistent and predictable procedures at Jamaica’s borders, aimed at reducing transaction costs and improving the national trading environment.
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.