Jamaica Special Economic... Market Share Analysis for июль 2026

What is a Special Economic Zone (SEZ)? A Special Economic Zone (SEZ) refers to designated geographical areas with special economic regulations that differ from general trade, tax and investment rules. What is the established body that governs the SEZ Regime? The Jamaica Special Economic Zone Authority (JSEZA) is the body corporate institutionalized to oversee the SEZ regime. What is the role of the Jamaica Special Economic Zone Authority? The Special Economic Zone Act establishes a body to be known as the Special Economic Zone Authority (the Authority). The Authority is administered by a board of directors whose chairperson is to be appointed by the Minister. The Authority shall assist in implementing the policies and programmes of the Government with regard to SEZs and be responsible for, amongst other areas: Regulate and supervise SEZs Ensure the development and sustainability of Jamaica’s economy through SEZs Attract new and diverse investments in the Special Economic Zones Establish efficient investor and business facilitation one stop service Promote and market SEZs How does the SEZ regime differ from the Free Zones? Special Economic Zone (SEZ) Regime Jamaica Export Free Zone Regime Similarities Exemption from border taxes Exemption from Customs Administrative Fees (CAF) Customs charges on sale into the domestic economy   Differences General Consumption Tax (GCT) is NOT charged on locally purchased goods and services entering the zone, including electricity and telephone services General Consumption Tax (GCT) was charged on the purchase of telecommunication services Promotes two-way trade between zones and the rest of the local economy (i.e. to satisfy the World Trade Organization’s Agreement on Subsidies and Countervailing Measures and removes the previous export subsidy of the 15% cap on domestic sales), zero rate on sales into the zones Export requirement of 85% and restricted interaction with the rest of the country in terms of the amount of manufactured go