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The major oil companies are still delaying the fleet replacement requirement of retiring single hull vessels mandated by OPA. For example, Exxon and Texaco have delayed the replacement of their single hull vessels for new double-hulled ships. However, companies like Chevron and Mobil have ordered two new double hull tankers. Leading by example ...
Tourism and mining are the leading earners of foreign exchange. Half the Jamaican economy relies on services, with half of its income coming from services such as tourism. An estimated 1.3 million foreign tourists visit Jamaica every year. [1]
The OPA is featured, in fictionalized form as the Bureau of Price Regulation, in Rex Stout's Nero Wolfe mystery novel The Silent Speaker. The OPA unsuccessfully tried to revoke the car dealer license of unorthodox businessman Madman Muntz for violating used car regulations, subject to price control. Muntz was acquitted in Los Angeles Superior ...
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.
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.
The ministries of Jamaica are created at the discretion of the prime minister of Jamaica to carry out the functions of government. As of 2016, the prime minister is Andrew Holness . The agencies of Jamaica are created by both parliamentary law and assigned to ministers to oversee.
The tourism industry earns over 50 percent of the country's total foreign exchange earnings and provides about one-fourth of all jobs in Jamaica. [37] Most tourist activity is centered on the island's northern coast, including the communities of Montego Bay , Ocho Rios , and Port Antonio , as well as in Negril on the island's western tip.
Reform business entity classification rules for foreign entities: Under the proposal, a foreign eligible entity may be treated as a disregarded entity only if the single owner of the foreign eligible entity is created or organized in, or under the law of, the foreign country in, or under the law of, which the foreign eligible entity is created ...