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

Learn about CARICOM's export diversification opportunities and challenges presented by Caribbean Export. Discover how the agency supports services exports and fosters regional trade development through partnerships.

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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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