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EUROPEAN COMMISSION DOING BUSINESS WITH EUROPE PORT OF SPAIN TRINIDAD & TOBAGO APRIL 04, 2011.

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Presentation on theme: "EUROPEAN COMMISSION DOING BUSINESS WITH EUROPE PORT OF SPAIN TRINIDAD & TOBAGO APRIL 04, 2011."— Presentation transcript:

1 EUROPEAN COMMISSION DOING BUSINESS WITH EUROPE PORT OF SPAIN TRINIDAD & TOBAGO APRIL 04, 2011

2 Caribbean Export is the Regional Trade and Investment Promotion Agency Formally established on January 01, 1996 Intergovernmental Agreement signed by 15 CARIFORUM States Head Office is located in Barbados Sub –regional Office is located in the Dominican Republic Chairperson – H.E. Ambassador Rosalyn Hazelle Caribbean Export Development Agency

3 1)Firms and entrepreneurs have the capacity to take advantage of the new trade regime offered under the EPA (and by extension all other bilateral and multilateral trade agreements) 2)Government agencies (such as customs) are equipped with tools and human resources to monitor, regulate and evaluate trade flows and patterns 3)Ensure that the necessary regulatory framework accommodate new commitments taken with the various trade instruments EPA IMPLEMENTATION

4 1)The EPA builds on the Development provisions of the Cotonou Agreement which will remain in effect until 2020 (Article 2). 2)Development cooperation provisions covered in Part One of the EPA (Articles 1-8) as well as in the other Titles of the Agreement EPA DEVELOPMENT COOPERATION PROVISIONS

5 1)Building human, legal and institutional capacity 2)Promotion of private sector enterprise development 3)Diversification of exports 4)Enhancing technological and research capabilities 5)Development of Innovation systems EPA DEVELOPMENT COOPERATION PROVISIONS

6 1)Improving access to market intelligence 2)Improving the export capacity of service suppliers 3)Promoting Investment and Joint ventures between service suppliers 4)Facilitating dialogue between CARIFORUM and EC Service Suppliers EPA DEVELOPMENT COOPERATION PROVISIONS (SERVICES)

7 1)9 th EDF package aimed at improving the competitiveness of CARIFORUM Firms 2)Phase II of the CTPSDP ended on )Total Value of Phase II was approx. 6.5M 4)The main objective of the Programme was to support CARIFORUM firms so as to enable them successfully trade in a global environment 9 th EDF CARIBBEAN TRADE & PRIVATE SECTOR DEVELOPMENT PROGRAMME

8 1)Increased competitiveness of firms through market expansion and export diversification support 2)A vibrant Caribbean Business and Investment Support Network with Strengthened Business and Support Organisations 3)Greater Cooperation Between the CARIFORUM Business Sector and that of the FCOR and OCT 4)Improvement of the Regulatory Environment for Private Sector Development 9 th EDF CARIBBEAN TRADE & PRIVATE SECTOR DEVELOPMENT PROGRAMME

9 Over 1,400 persons trained in 54 activities covering all CARIFORUM States, Martinique, Guadeloupe and Curacao, Select EU Member States; 197 SMEs and BSOs received grants for a total value of 2,649,954 covering all 15 CARIFORUM States; Creation and/or strengthening of regional networks in: Music, Audiovisual, Fashion, Architects, Engineers, Health and Wellness, Universities, Management Consultants, & Information and Communications Technologies; 5 New Markets explored for Caribbean products 46 BSOs directly assisted outside the grant programme Highlights of the 9 th CTPSDP

10 Global Activities by Work Programme Area

11 Direct Assistance to Sectors and/or Industries

12

13 – There Remains a High Demand for Capacity Building at the Firm Level – Awareness of Trade Agreements in the Region is Limited – Many Firms Require Market Intelligence to Assist with Market Penetration – Continued Focus On The Services Is Very Important – Relations with FCORs and OCTs Require Continued Nurturing – SMEs Encounter Difficulty in Accessing Financing – Greater Donor Coordination is Required – Improved Public Relations Required LESSONSLEARNT

14 Total Value 28.3M – Enhancing competitiveness and promoting innovation among CARIFORUMs private sector – Promoting trade and export development among CARIFORUM States – Promoting stronger trade and investment relations between CARIFORUM, FCOR and EU OCTs – Promoting stronger trade and investment relations between CARICOM and the Dominican Republic – Strengthening the institutional capacity of Caribbean Export 10th EDF REGIONAL TRADE & PRIVATE SECTOR DEVELOPMENT PROGRAMME

15 – Regional Investment Promotion Strategy developed – IPAs and the Caribbean Association of Investment Promotion Agencies (CAIPA) strengthened – Export and export ready firms provided with financial assistance – Participation in Expo on periphery of London Olympics – Creation of Caribbean Exporter of the Year Award – Inner City Program for export development and entrepreneurship – High potential niche sectors strengthened – Develop a regional strategic framework to foster innovation Enhancing Competitiveness and Innovation

16 Promoting Trade and Export Development – Regional Trade and Market Intelligence system developed – Regional Export Strategy drafted and promoted – Caribbean Economic Outlook publication and information portal launched – Knowledge of bilateral, regional, and international trade agreements by the private sector increased – Increased understanding and utilization of IPR as a trade development tool by governments and private sector – Capacity of BSOs to provide wider range and quality of services strengthened – Formal establishment and operationalization of the CARIFORUM-EU Business Forum.

17 Promoting Trade and Investment with FCORs and OCTs – Knowledge of respective trade and investment laws and regulations increased. – Export opportunities among CARIFORUM/FCORS/OCTs identified and exploited. – Operations of the Joint CARIFORUM/FCORS/OCTs Task Force on Trade and Investment continued

18 Promoting Trade and Investment with FCORs and OCTs Task Force On Trade & Investment FCOR EPA AWARENESS & INFORMATION EXCHANGE DIRECT ASSISTANCE & PRODUCT DEVELOPMENT COOPERATION TRADE PROMOTION EDF/ERDF MARKET INTELLGENCE OCT COOPERATION TRADE PROMOTION MARKET INTELLIGENCE INFORMATION EXCHANGE DIRECT ASSISTANCE & PRODUCT DEVELOPMENT

19 Promoting Trade and Investment between CARICOM and the Dominican Republic – Knowledge of respective trade and investment laws and regulations increased – Export opportunities between CARICOM/DR identified and exploited – Operations of the CARICOM/DR Forum continued

20 10 th RPSDP EDF Activities – Direct Assistance to SMEs and BSOs – Support in the implementation of trade related agreements – Promoting Investment via the strengthening of CAIPA – Support to Priority Sectors – Capacity building via training, workshops, seminars… – Supporting networks and exchange of best practices – Quality enhancement and promotion of standards – Business Intelligence Support – Market intelligence – Commercial missions and trade shows – Enhancing the regulatory framework via public private sector dialogue, studies, surveys...

21 Other Activities Being Implemented in 2011 – Design Caribbean – October Dominican Republic – CartFund Supported projects: Agro-processing – Specialty Food Diagnostic and Strategy Study to increase the use of an evidence-based approach in the development of the regional specialty food sector – Promotion of CARIFORUM Specialty Food Products to increase the capacity of specialty food enterprises to penetrate new markets Spa and Wellness – Market Research and Strategy Development for improving the capability of the sector in CARIFORUM – Marketing and Promotion with a view to raising the Caribbeans international H& W profile – Standards Development for improved quality of goods and services

22 | CONTACT: CARLOS WHARTON Senior Trade Policy Advisor Thank You


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