Jamaica is an Island located in the Caribbean Sea. Of all the Greater Antilles islands, it is the third largest. The island is situated a hundred and forty-five kilometers south of Cuba and a hundred and ninety-one kilometers west of Hispaniola. Given its immense size of 10, 990 square kilometers, Jamaica is the fourth largest island country in the Caribbean.
The Gross Domestic Product of Jamaica was worth 14.03 billion US dollars in the year 2016. Put on the global spectrum, Jamaica’s GDP represented 0.02 percent of the global economy. The country’s GDP reached an all-time high of 14.75 US dollars in 2012 and attained the lowest value (12.04 US dollars) in 2009 (Trading Economics, 2017). Jamaica is one of the highly indebted countries globally, …show more content…
Other than being a trading block, CARICOM also serves as a diplomatic union of the former British West Indies. Additionally, CARICOM removes trade barriers as and promotes a common tariff for trade within the bloc. Commonwealth is the second particularly fundamental or major trading bloc of Jamaica. The trading bloc comprises and incorporates the former British colonies. Also, the Association of Caribbean States (ACS) is yet another trading bloc involving Jamaica established in 1994 in Colombia. As a corporation zone, ACS focuses majorly on trade, transport, and tourism sustainability within the region. Other than transport and tourism, the trading bloc further manages natural disasters within the region thereby ensuring the existence of a cordial environment for …show more content…
Maintenance of the infrastructure is poor with much of the attention from the government received in the 1990s. The island boasts of 18,700 kilometers of roads out of which, 13, 100 kilometers are paved. Given the bulging number of licensed automobiles in the country, the road system, especially in the urban areas, is highly congested. As part of the infrastructure, the railway system of the country is poor given the cessation of operations by the Jamaica Railway Association in 1992. As such, only a handful of railway lines are used for transportation of commodities such as alumina and bauxite. However, in an effort to revive the railway system, the government has contracted an Indian agency to rehabilitate the stations, locomotives, track lines, as well as equipment and
The Gross Domestic Product of Jamaica was worth 14.03 billion US dollars in the year 2016. Put on the global spectrum, Jamaica’s GDP represented 0.02 percent of the global economy. The country’s GDP reached an all-time high of 14.75 US dollars in 2012 and attained the lowest value (12.04 US dollars) in 2009 (Trading Economics, 2017). Jamaica is one of the highly indebted countries globally, …show more content…
Other than being a trading block, CARICOM also serves as a diplomatic union of the former British West Indies. Additionally, CARICOM removes trade barriers as and promotes a common tariff for trade within the bloc. Commonwealth is the second particularly fundamental or major trading bloc of Jamaica. The trading bloc comprises and incorporates the former British colonies. Also, the Association of Caribbean States (ACS) is yet another trading bloc involving Jamaica established in 1994 in Colombia. As a corporation zone, ACS focuses majorly on trade, transport, and tourism sustainability within the region. Other than transport and tourism, the trading bloc further manages natural disasters within the region thereby ensuring the existence of a cordial environment for …show more content…
Maintenance of the infrastructure is poor with much of the attention from the government received in the 1990s. The island boasts of 18,700 kilometers of roads out of which, 13, 100 kilometers are paved. Given the bulging number of licensed automobiles in the country, the road system, especially in the urban areas, is highly congested. As part of the infrastructure, the railway system of the country is poor given the cessation of operations by the Jamaica Railway Association in 1992. As such, only a handful of railway lines are used for transportation of commodities such as alumina and bauxite. However, in an effort to revive the railway system, the government has contracted an Indian agency to rehabilitate the stations, locomotives, track lines, as well as equipment and