Transcript Document
Caribbean Export Development Agency London June 2014 • Caribbean Export is the only Regional Trade and Investment Promotion Agency within the ACP Group of States • 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 Funding Sources • EU – EDF (10th EDF) • Counterpart funding from Member States • IDB • DFID • CIDA The Agency’s Strategic Areas • • • • • Export Development and Promotion Investment Promotions Access to Finance Research & Marketing Intelligence Advocacy Distribution of Support Tourism 9% Agriculture 16% Professional Services 9% Agro-Processing 19% Manufacturing 28% BSOs 6% ICT 1% Health & Wellness 4% Creative Industries 8% Areas of Support • Capacity Building (Firms & BSOs) • Direct Assistance Grants • Market Intelligence • Market Penetration Activities Priority Sectors • Agro-Processing • Services • Creative Industries • Light Manufacturing Export Main Sectors Main Export Markets Access vs Penetration • The countries of the region are party to over 11 FTA or PS trade agreements giving access to markets with over 1 billion consumers. • Most lack the capacity to penetrate the larger markets • • • • • Constraints Standards & Certification – • Food Safety • Packaging & Labelling Production Capacity Lack of understanding of target consumers Limited access to distribution channels Limited Innovation Opportunities • Niche Approach • Finding the right local partners • New Product Development • Consolidation THANK YOU