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Presented by Veona Maloney Manager Core Services, Caribbean Export Development Agency

Promotion of Export Diversification - the Role of Caribbean Export Development Agency (Caribbean Export). Presented by Veona Maloney Manager Core Services, Caribbean Export Development Agency. The Diversification of CARICOM’s Exports: Opportunities and Challenges UWI, Mona Campus

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Presented by Veona Maloney Manager Core Services, Caribbean Export Development Agency

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  1. Promotion of Export Diversification - the Role of Caribbean Export Development Agency (Caribbean Export) Presented by Veona Maloney Manager Core Services, Caribbean Export Development Agency The Diversification of CARICOM’s Exports: Opportunities and Challenges UWI, Mona Campus February 6,2009 HEAD OFFICE: Hastings Main Road, Christ Church, BB15154, Barbados. Tel: +1 246-436-0578 Fax: +1 246-436-9999 Email: info@carib-export.com SUB-REGIONAL OFFICE: C/ Carlos Lora #9, Ensanche Los Retauradores, Santo Domingo. Dominican Republic Tel:+1-809-531-2411 Fax: +1-809-473-7532 Website: www.carib-export.com

  2. CONTENTS • 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

  3. OVERVIEW & BACKGROUND • 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)

  4. 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)

  5. GOALS & ACTIVITIES 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

  6. Caribbean Trade & Private Sector Development Programme(CTPSDP) • 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

  7. BILATERAL TRADE AGREEMENTS- OPPORTUNITIES FOR TRADE • CARICOM-Dominican RepublicFree 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

  8. 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

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

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

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

  12. SERVICES EXPORTS - CHALLENGES 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.

  13. 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

  14. 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

  15. 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

  16. CASE STUDY - 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

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

  18. 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.

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

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

  21. Contact Details Veona Maloney Manager Core Services E-mail: vmaloney@carib-export.com 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) 436-0578 Fax: +1(246) 436-9999 E-mail: info@carib-export.com Sub Regional Office Calle Carlos Lora No. 9 Ensanche Los Restauradores Santo Domingo DOMINICAN REPUBLIC Tel: +1 (809) 531-2411 Fax: +1 (809) 473-7532 E-mail: c.export@codetel.net.do

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