6-1 Checkpoint

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6-1 Checkpoint Submission Two

Assignment

Task: Submit to complete this assignment

Use the work completed in Modules Four and Five discussions and transfer into your existing Presentation Template from Checkpoint Submission One in Module Three. This will cover the following critical elements of the final project: Trade Regulations and Legal Considerations, Political-Legal Environment Observation Deck, Economic Measures, Transportation, and Telecommunication.

Submit the presentation for participation credit and instructor guidance to assist you in completing your final project, which is due in Module Seven. Use the Final Project Guide to assist you in the development of this presentation.

For additional details, please refer to the following documents:

· Final Project Guidelines and Rubric

· Final Project Presentation Template

· Final Project Guide

Discussion 4

Measures of Government Influence on Trade and Employment

Employment law (Mywage.org/Jamaica, 2019)

· The current minimum wage in Jamaica took effect on Aug 01, 2018

· All workers, except security guards, receive 7,000 Jamaican dollars per week

· Private security guards receive at least 9,700 Jamaican dollars per week

· Female workers are entitled to 12 weeks of maternity leave; with possible extension for another two weeks - Maternity Leave Act

Sales Tax ((Duty Calculator, 2019)

· VAT (sales tax): 33.3%

Trade Policies (Ministry of Foreign Affairs and Foreign Trade, 2019)

· The ministry makes regular reviews on the overall national development objectives, economic trends, and tariffs

· Import duties on some agricultural products, including vegetables, chicken, and consumer goods

· Export subsidies based on specific or ad valorem basis ranging from 5-15 percent on most agricultural and dairy products

Business Observations

· High protection of a domestic import-competing industry

· Increasing government to liberalize the investment and trade since the early 2000s

· Institutional and legislative reforms to facilitate enhanced transparency and market-opening initiatives

· Stagnation of per capita income characterized by slow growth due to high public debt

· The government should improve the predictability of reforms for investors through increasing the multilateral commitments

References

Ministry of Foreign Affairs and Foreign Trade (2019). Ministry of Foreign Affairs and Foreign Trade, Jamaica. https://mfaft.gov.jm/jm2/

Mywage.org/Jamaica (2019) https://wageindicator.org/labour-laws/labour-law-around-the-world

Discussion 5

China Brown posted Oct 2, 2019 4:52 PM

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Interest rates	0.05%
Unemployment	7.8%
Inflation	4.1%
GDP	15.72 billion US dollars in 2018
GDP growth rate	0.7% (2017 est.)
Exchange rates against USD	Jamaican dollars (JMD) per US dollar - 128.36 (2017 est.)
Exchange rate regime	Floating (2018)
Labor force major industries	Agriculture: 16.1% Industry: 16% Services: 67.9% (2017)
FDI rates in jamaica	FDI increased by 197.10 USD Million in the first quarter of 2019

Major airports and seaports	Major airports: Norman Manley International (KIN) in Kingston, Donald Sangster International airport (MBJ) in Montego Bay, Tinson Pen Aerodrome in Kingston, Negril Aerodrome-of course in Negril, Boscobel Aerodrome in Ocho Rios, and the Ken Jones Aerodrome in Port Antonio. Major seaport(s): Discovery Bay (Port Rhoades), Kingston, Montego Bay, Port Antonio, Port Esquivel, Port Kaiser, Rocky Point
Railway stations (government websites)	Illustrated in the figure below
Internet users	1,336,653 45% percent of the population (July 2016 est.)
Mobile providers	Claro (América Móvil) and Digicel (Digicel Group)
Logistics performance index rating	2.52

The nation has a high unemployment rate of 7.8 percent, which signifies low levels of economic activity and progress that result in reduced per capita GDP (Central America: Jamaica - The World Factbook. n.d.). The floating exchange rate could be beneficial for the nation because it would promote a stable balance of payments and eliminate the restriction occurring with foreign exchange and capital flows. It would also remove the necessity of maintaining vast foreign currency reserves, which would protect the nation against imported inflation. However, this regime could expose the country to high levels of exchange rate volatility and reduced currency control, which would inhibit economic growth and recovery. The industrial sectors of manufacturing and services present numerous opportunities because of the strategic location of the nation and reliable transport networks. Transportation issues in the country are minimal because of multiple road and railway networks as well as the accessibility of major airports and seaports.

References

Central America: Jamaica - The World Factbook. (n.d.). Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/jm.html