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CREATING OPPORTUNITIES 2013 Annual Report of the Caribbean Export Development Agency

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CREATING OPPORTUNITIES 2013 Annual Report of the Caribbean Export Development Agency www.carib-export.com CREATING OPPORTUNITIES 2013 Annual Report of The Caribbean Export Development Agency www.carib-export.com Annual Report / 2013 | 1 Our Mission Table of Contents Caribbean Export is internationally recognised as the leading driver for caribbean private sector development. 04 Acronyms Our Vision 06 Caribbean Export Development Agency To enhance the competitiveness and value of Caribbean brands through the delivery of at a Glance transformative and targeted interventions in Export Development and Investment Promotion. 07 Chairman’s Message 08 Executive Director’s Message 09 Caribbean Export Board of Directors & Management Team 32 10 Market Intelligence as a Vehicle for Market Key Facts and Figures at a Glance Penetration 36 Study Tours, Forums and Trade Missions Feature: Supporting The Caribbean Management Consulting Industry- 38 40 Export Promotion Feature: Baron Foods - Local Leader, Global Brand - 45 Feature : Dominicana Moda: Regional Designer’s Stage to International Success - 46 48 12 Business Advocacy Attracting Investment to the Region Feature: Celebrating Investment Successes in 52 the Caribbean - 16 Sustainability & Institutional Advancements 20 54 Enhancing Competitiveness and Annexes Innovation through Access to Finance Feature: Regional Firms Innovate Using Sustainable Energy-22 58 Summary of Expenditures 24 Export Development 60 Feature: Caribbean Export Launches Regional Notes In-Firm Design & Branding Project - 30 2 | www.carib-export.com Annual Report / 2013 www.carib-export.com Annual Report / 2013 | 3 Acronyms ACP African, Caribbean and Pacific Group of States GIDC Grenada Industrial Development Corporation ADO-EXPO Dominican Exporters Association GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit ASFA Manufacturers Association Suriname ICT Information and Communication Technologies B2B Business to Business IDB Inter-American Development Bank BCCI Barbados Chamber of Commerce and Industry IFC International Financial Centre BCSI Barbados Coalition of Services Industries IIFA Indian Film Academy Awards BELTRADE Belize Trade and Investment Development Service IT Information Technology BFVA Barbados Film and Video Association ITC International Trade Centre BIDC Barbados Investment and Development Corporation JAMPRO Jamaica Promotions Corporation BSOs Business Support Organizations LAC Latin America and Caribbean BTA Barbados Tourism Authority LEED Leadership in Energy and Environmental Design CAFIA Caribbean Fashion Industry Association MI Market Intelligence CAIPA Caribbean Association of Investment Promotion Agencies MIS Market Intelligence System CARICOM Caribbean Community MOU Memorandum of Understanding CARIFESTA Caribbean Festival of Arts MRA Mutual Recognition Agreement CARIFORUM The Forum of the Caribbean Group of ACP States NTIN National Trade Information Networks CARIFORUM-EU-EPA Economic Partnership Agreement between CARIFORUM and the European Union OAS Organization of American States CARTFUND Caribbean Aid for Trade and Regional Integration Trust Fund OBIC Online Business Information Centre CCL Caribbean Consultants Limited OCT Overseas Countries and Territories of Europe CDB Caribbean Development Bank OECD Organization for Economic Cooperation and Development CEI-RD Centre for Export and Investment of the Dominican Republic OECS Organization of Eastern Caribbean States CHRIS Caribbean Hotel and Resort Investment Summit OECS EDU Organization of Eastern Caribbean States Export Development Unit CICMC Caribbean Institute of Certified Management Consultants OPSR Office of Private Sector Relations CMC Certified Management Consultant ProNET Productivity Network CNSC Caribbean Network of Services Coalitions RIPSC Regional Investment Promotions Steering Committee CSME Caribbean Single Market and Economy RIS Regional Investment Strategy C-SWA Caribbean Spa and Wellness Association RPSDP Regional Private Sector Development Programme CTPSDP Caribbean Trade and Private Sector Development Programme RSP/RIP Regional Strategy Paper and Regional Indicative Programme DAGS Direct Assistance Grant Scheme RTITP Regional Trade Information Training Programme DCSI Dominica Coalition of Service Industries SBDC Small Business Development Centre DEXIA Dominica Export Import Agency SIDS Small Island Developing States DFID Department for International Development SLCSI Saint Lucia Coalition of Services Industries DICOEX Ministry of Industry and Commerce of the Dominican Republic SMEs Small and Medium-Sized Enterprises DM2013 Dominican Moda 2013 TIC Trade and Investment Convention DR Dominican Republic TOR Terms of Reference EDF European Development Fund TPOs Trade Promotion Organisations EU European Union TTCSI Trinidad and Tobago Coalition of Services Industries ExporTT National Export Facilitation Organisation of Trinidad and Tobago TTMA Trinidad and Tobago Manufacturers’ Association FCOR French Caribbean Outermost Regions of Europe UKTI UK Trade and Investment FDI Foreign Direct Investment UNCTAD United Nations Conference on Trade and Development FTA Free Trade Agreement UNIBE Universidad Iberoamericana GEF Global Environment Facility UTSA University of Texas at San Antonio WTO World Trade Organization 4 | www.carib-export.com Annual Report / 2013 www.carib-export.com Annual Report / 2013 | 5 Caribbean Export Chairman’s Message Development Agency at a Glance CHAIRMAN Christopher Lewis Caribbean Export was established in 1996 as the regional trade and investment promotion agency to serve 15 Caribbean Forum (CARIFORUM) States, namely: Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Dominican Republic, Haiti, Grenada, Guyana, Jamaica, Saint Lucia, St. Kitts and Nevis St. Vincent and the As Chairman of the Board, I am pleased to present to you the Annual Grenadines, Suriname, and Trinidad Report for the Caribbean Export Development Agency (Caribbean and Tobago. Export) for the period ending December 31, 2013, which outlines another year of notable success. The Agency carries out numerous programme-based activities Specialised Tourism and Renewable Energy. This designed to enhance the competitiveness of regional small development work has also strengthened the institutional and medium-sized enterprises (SMEs), promote trade and capacity of public and private sector agencies, and business Although 2013 came with its own challenges, I saw it as Caribbean Export’s successful implementation of development among the CARIFORUM, promote stronger support organisations (BSOs), particularly sector associations, a renaissance for Caribbean Export. In the face of faltering programming, ranging from access to finance to export trade and investment relations among CARIFORUM and the trade support institutions (TSIs) and investment promotions recovery of the world economy, and a slow down in some promotion, especially during this period of global economic French Caribbean and Outermost Regions (FCORs) and the agencies (IPAs). regional exports, Caribbean Export remained focused on its difficulty, reaffirms my confidence that the Agency will objective of increasing export from CARIFORUM countries continue to augment its position regionally in the coming European Union (EU) Overseas Countries and Territories th (OCTs) in the Caribbean, as well as promote stronger Under the 10 EDF Regional Private Sector Development into international markets, thereby enhancing their value years. trade and investment cooperation between the Caribbean Programme (RPSDP), which Caribbean Export is currently in the regional economy. The Agency continued to do two In closing, I must commend the hardworking management Community (CARICOM) and the Dominican Republic. implementing, support has been offered to CARIFORUM things in tandem: solidify its comparative advantage as being and staff of the Agency for their dedication throughout the States in a gamut of areas ranging from investment promotion the only regional trade and investment promotion agency in year. I also wish to thank our many stakeholders who partner Caribbean Export’s work focuses on nine priority areas: to business advocacy. With each intervention, Caribbean the African Caribbean and Pacific (ACP) States, and explore with us in the continuing achievement of the Agency’s Agro-processing, Creative Industries, Financial Services, Export aims to optimise the export potential of regional new areas of development work, which responds to the mandate. Health and Wellness, Information and Communication entrepreneurs, as well as highlight the investment potential of demands of constituents, while transforming the regional Technology, Manufacturing, Professional Services, the Caribbean to the international community. trajectory. Consistent with the Agency’s ongoing efforts to take Caribbean excellence to the world, Caribbean Export provided services, which have enabled regional firms to experience growth and increased penetration of new regional and international markets. There has further been an intensified focus on affording more access to finance for Small and Medium-sized Enterprises (SMEs) and entrepreneurs. 6 | www.carib-export.com Annual Report / 2013 www.carib-export.com Annual Report / 2013 | 7 Caribbean Export Executive Director’s Message Board of Directors* *At December 31, 2013 EXECUTIVE DIRECTOR H.E. Ambassador Colin Murdoch Mrs. Pamela Coke-Hamilton Antigua and Barbuda Ms. Donnalee Bowe The Bahamas Mr. Bentley Gibbs Barbados Mr. Nick Ruiz Belize Mr. Gregoire Thomas Dominica Mr. Juan Guiliani Dominican Republic Dr. Partick Antoine Grenada Mr. Dhaneshwar
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