Promotion of Export Diversification - the Role of Caribbean Export Development Agency (Caribbean Export) Presented by Veona Maloney Manager Core Services,

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Presentation transcript:

Promotion of Export Diversification - the Role of Caribbean Export Development Agency (Caribbean Export) Presented by Veona Maloney Manager Core Services, Caribbean Export Development Agency HEAD OFFICE: Hastings Main Road, Christ Church, BB15154, Barbados. Tel: Fax: SUB-REGIONAL OFFICE: C/ Carlos Lora #9, Ensanche Los Retauradores, Santo Domingo. Dominican Republic Tel: Fax: Website: The Diversification of CARICOM’s Exports: Opportunities and Challenges UWI, Mona Campus February 6,2009

Caribbean Export - Overview & Background Caribbean Trade & Private Sector Development Programme Bilateral Trade Agreements New Priority – Export of Services- Opportunities/Challenges Caribbean Export’s Role Case Studies- Services CONTENTS

Caribbean Export - Regional Trade and Investment Promotion Agency; Established 1996 Intergovernmental Agreement signed by all CARIFORUM Member States (CARICOM & Dominican Rep) Head Office – Barbados; Sub – regional Office – DR Board of Directors - representative from each Member State (either the Public or Private Sector) Major source of funds: –Counterpart contributions from Member States –Donor Funds (Major Donor – EU) OVERVIEW & BACKGROUND

National Governments Regional Institutions – CARIFORUM/CARICOM Secretariats, CRNM, CROSQ, CAIC, CDB, ACS Secretariat, OECS EDU etc. Business Support Agencies (TPOs, IPAs, Chambers, Products/Services Associations) Private Sector (SMEs) International Institutions (TFO Canada, Commonwealth Sec, ITC)

1. Greater Integration of CARIFORUM countries into the Multilateral, Regional and Bilateral trade and Investment Arrangements 2. Enhanced Competitiveness of Firms 3. Strengthened Institutional Capacities 4. Coordination/Strengthening of Regional Networks GOALS & ACTIVITIES

CTPSDP - increasing the competitiveness of CARIFORUM Firms Major objective to ensure firms can successfully trade in a global environment Increased competitiveness of firms through market expansion & export diversification support Vibrant Caribbean Business and Investment Support Network with Strengthened Business and Investment Support Organisations Greater Cooperation between the CARIFORUM Business Sector and counterparts in French DOMs & OCTs Improvement of the Regulatory Environment for Private Sector Development Caribbean Trade & Private Sector Development Programme (CTPSDP)

BILATERAL TRADE AGREEMENTS- OPPORTUNITIES FOR TRADE CARICOM-Dominican Republic Free Trade 1998 CARICOM-Cuba Trade & Economic Cooperation 2000 CARICOM-Costa Rica Free Trade 2004 CARICOM-Venezuela Trade & Investment 1992 CARICOM-Colombia Trade, Economic & Technical 1994 CARIFORUM- EPA

EPA - Services and Investment EPA provides new market access opportunities for CARIFORUM service providers. CARIFORUM commitments go beyond previous WTO offers. Visas and Work permits not covered by the Agreement Mutual Recognition Agreements must be signed

Significant Opportunities Identified Health and Wellness Education Business Development services ICT Construction-related services Production Services for the Entertainment Industry NEW PRIORITY – EXPORT OF SERVICES

Significant Opportunities Identified Business Development services ICT NEW PRIORITY – EXPORT OF SERVICES

Significant Opportunities Identified Construction-related services Production Services for the Entertainment Industry NEW PRIORITY – EXPORT OF SERVICES

Major Challenges institutional support diminished export competitiveness due to rising costs entrepreneurship knowledge and skills in export marketing of services absence of information about related export market opportunities and, generally, how to realize this potential. SERVICES EXPORTS - CHALLENGES

Awareness Building Public Private Partnerships Institutional and Network Strengthening Export Strategy Development Enhancing Firm-level Competitiveness Targeted Trade Promotion Building a Regional Brand Caribbean Export’s Role - Services

Awareness Building Public Private Partnerships Institutional and Network Strengthening Export Strategy Development Enhancing Firm-level Competitiveness Targeted Trade Promotion Building a Regional Brand CARIBBEAN EXPORT’S ROLE- SERVICES

Awareness Building Public Private Partnerships Institutional and Network Strengthening Export Strategy Development Enhancing Firm-level Competitiveness Targeted Trade Promotion Building a Regional Brand CARIBBEAN EXPORT’S ROLE - SERVICES

EU-funded BizClim Project Four components: Study of constraints to EU-Caribbean business Preliminary study tour to 5 European countries Visit to Europe by 30 Caribbean business executives to develop export/investment opportunities; and EU/Caribbean Business Forum - Barbados CASE STUDY - SERVICES

EU-funded BizClim Project - Conclusions: Significant opportunities - but many challenges Regional approach favoured CASE STUDY - SERVICES

EU-funded BizClim Project – Key Marketing Points: CONFIDENCE: Do we know you? (Evidence of collaboration) CAPABILITY: Can you do the job? CAPACITY: Have you the capacity? CONTACTS: How to meet the company. CASE STUDY - SERVICES

EU-funded BizClim Project – Progress Additional Preparatory Work Finalising Propositions Formation of Regional Industry Associations Caribbean Services Summit CASE STUDY - SERVICES

Management Consultants Partnership with CMIC Americas Conference on Management Consulting Study – Opportunities for Industry Regional Database of Consultants CASE STUDY - SERVICES

Veona Maloney Manager Core Services Head Office Mutual Building Hastings Main Road Christ Church, BB15154 P.O. Box 34B Brittons Hill Post Office St. Michael, BB14000 BARBADOS Tel: +1(246) Fax: +1(246) Contact Details Sub Regional Office Calle Carlos Lora No. 9 Ensanche Los Restauradores Santo Domingo DOMINICAN REPUBLIC Tel: +1 (809) Fax: +1 (809)