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The Jamaican Free Zones are a government free trade zone initiative in Jamaica.Designed to encourage foreign investment and international trade, businesses operating within these zones have no tax on their profits, and are exempted from customs duties on imports and exports (capital goods, raw materials, construction materials, and office equipment) and import licensing requirements.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)
Digicel Mobile Money, a mobile banking service, was launched in Fiji in July 2010. [18] Also in 2010, Digicel launched TchoTcho, a cash app for money transfers to phones in Haiti. [19] In 2011, Mobile Money in Fiji was expanded to allow transfers to and from Australia and New Zealand at no cost. [20]
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
Calls from Jamaica to other NANP nations, such as the U.S. and Canada, are dialed as 1 + NANP area code + 7-digit number. Jamaica has a fully digital telephone communication system. [1] Main lines: 265,000 lines in use, 123rd in the world (2011). [2] Mobile cellular: 2.7 million, 135th in the world (2012). [2]
After achieving independence from the United Kingdom in August 1962, Jamaica immediately established its foreign ministry, then known as the Ministry of External Affairs. In 1976, the government changed the ministry's name to the Ministry of Foreign Affairs and eventually added "and Foreign Trade" sometime later to reflect the full scope of its mission.
NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]