The House of Representatives in Jamaica took another step closer to creating a regime for the establishment of a modern financial services industry, when it passed two essential Bills – ‘The Limited Partnership Act, 2015’ and ‘The General Partnership Act, 2015’, yesterday.

Minister of Industry, Investment and Commerce, Anthony Hylton, said they were among seven Bills which have been proposed toward the goal of introducing a modern financial services hub in Kingston.

According to the Jamaica Observer, Hylton said the country was on the cusp of launching its own international financial services hub, and joining other Caribbean countries which are already sharing in an international financial sector estimated at US$7 trillion, globally.

Opposition spokesman on Industry, Investment and Commerce, Karl Samuda, welcomed the Bills, pointing out that they were also a priority for the previous government and commending the minister for carrying the process forward.

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