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EC Private Sector Development and Trade Related Assistance Programmes

EC Private Sector Development and Trade Related Assistance Programmes. March 23, 2011. Outline. National Programmes National Sugar Adaption Strategy Non-University Tertiary Education Enabling Competitive Business Building Competitiveness in the Food and Beverage Sector Contact Information.

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EC Private Sector Development and Trade Related Assistance Programmes

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  1. EC Private Sector Development and Trade Related Assistance Programmes March 23, 2011

  2. Outline • National Programmes • National Sugar Adaption Strategy • Non-University Tertiary Education • Enabling Competitive Business • Building Competitiveness in the Food and Beverage Sector • Contact Information

  3. National Sugar Adaption Strategy • Objectives: • Diversification; • Reducing the impact of sugar reform. • Results: • Divestment of assets; • Retraining and compensation; • Increase food production; • Suitable land use. • Administration: • Ministry of Finance • Ministry of Food Production • Funding/Duration • €77.144m • 2007-2016 • Targeted Beneficiaries: • Former cane farmers • Sugar workers • Residents of the sugar belt

  4. Non-University Tertiary Education • Objectives: • Develop a sustainable non-energy economy • Results: • Widening access; • Financing system; • Managing system; • Restructuring the system. • Administration: • Ministry of Science Technology and Tertiary Education • Funding/Duration: • €27.3m • 2007-2011 • Targeted Beneficiaries: • Non Tertiary Institutions

  5. Enabling Competitive Business • Objectives: • Develop a sustainable non-energy economy. • Results: • Management systems; • Improved business climate; • Diversified economy • Administration: • Ministry of Trade and Industry; • Ministry of Labour, Small and Micro-Enterprise Development. • Funding/Duration: • €16.34m • 2011-2016 • Targeted Beneficiaries: • University • BSOs • Research Institutions

  6. Building Competitiveness in The Food and Beverage Sector (BDC) • Food Safety Awareness Program • Conduct Food Safety Audits • Provide Technical Assistance to manufacturers to upgrade their Food Safety System • Train and Certify persons/companies in HACCP , ISO 22000;2005,PAS220 • Increasing Market Access and Export Readiness • Co-ordinate the Industry’s Participation at the Trade Shows

  7. Building Competitiveness in The Food and Beverage Sector (cont’d) • Research Development and Innovation • Develop a Commercialization Model • Host Seminars • 2010-2011 seminars • CARIFORUM/EC-EPA- Opportunities and Challenges • Innovative Marketing & Promotion Strategies

  8. Competitiveness in The Food and Beverage Sector: R&D Grant • Target group • All business types • Funding/ Criteria • $500, 000 • Company must be in existence and operation for at least 2 yrs • Strictly for research and innovation • Funding extends to product prototype • Administration • Business Development Company

  9. For More Information: • Ministry of Science, Technology and Tertiary Education: http://www.stte.gov.tt/ • Ministry of Trade and Industry: http://www.tradeind.gov.tt/ • Ministry of Labour, Small and Micro Enterprise Development: http://www.molsmed.gov.tt/ • Ministry of Finance: http://www.finance.gov.tt • Ministry of Food Production, Land and Marine Affairs: http://www.agriculture.gov.tt/foodproduction • Business Development Company: http://www.bdc.co.tt

  10. Questions

  11. THANK YOU! Contacts Ms. Trudy Lewis Senior Trade Specialist Level 14 Nicholas Tower Tel: 623-2931/4 Ext 2113 Email: lewist@gov.tt Website: www.tradeind.gov.tt Ms. Krysta Ramrattan Economist I Level 14 Nicholas Tower Tel: 623-2931/4 Ext. 2100 Email: ramrattank@gov.tt

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