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Caribbean Export Development Agency

Caribbean Investment Summit 2016- Miami


The Caribbean Export Development Agency (Caribbean Export) in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA) will host the 3rd staging of the Caribbean Investment Summit on May, 13, 2016 at the Marriott Hotel, Miami, USA. The event will be funded and co-organised by the Inter-American Development Bank as a part of a Regional Public Goods Initiative entitled: Support to Foreign Direct Investment in the Caribbean.

Produced with support from Financial Times’ fDi Magazine, the Caribbean Investment Summit offers a unique window for investors to the region’s diverse opportunities available to them, and aims to attract a wealth of potential investors interested in the dynamic Caribbean brand.  CISummit-SaveTheDate-MIAMI-FB

Following the success of two previous events in London and Mexico, the Summit will bring focus to the region’s key industry sectors: renewable energy, business process outsourcing (BPO) and niche tourism. Continuing under the theme, The Climate is Right in the Caribbean, the event will provide an unmatched platform for regional Investment Promotion Agencies, senior government officials and Ministers of Government to expose their ‘shovel ready projects’ to prospective investors in their newest target market, the United States.

Over 100 high net worth individuals and investors are poised to gather at this year’s Summit which will once again be emceed by  Courtney Fingar, Editor-in-Chief, fDi Magazine, Financial Times Group. The event also seeks to take advantage of the proximity of the United States to the Caribbean, as the region continues to target strategic investors under the roll-out of the recently developed Regional Investment Promotion Strategy.  At this years’ event awards will be given to the Regional Investor of the Year and those in attendance will hear first-hand from investors who have successfully invested in the region.

The above article was posted on the Caribbean Export Blog Page. The original can be viewed at http://www.carib-export.com/caribbean-investment-summit-2016-miami/

 

 

Caribbean Seeks to Provide Additional Support to Existing Investors


Participating IPAs included: Invest Barbados, the Bahamas Investment Authority (BIA), the Belize Trade & Investment Development Service (BELTRAIDE), Curacao Investment and Export Promotion Agency (CINEX), the Grenada Industrial Development Corporation (GIDC), the Centre for Facilitation of Investments in Haiti, Invest Saint Lucia (ISL), Jamaica Promotion Corporation (JAMPRO), InvestSVG (St. Vincent & the Grenadines), the Investment and Development Corporation of Suriname (IDCS), and iInvesTT (Trinidad & Tobago).
Participating IPAs included: Invest Barbados, the Bahamas Investment Authority (BIA), the Belize Trade & Investment Development Service (BELTRAIDE), Curacao Investment and Export Promotion Agency (CINEX), the Grenada Industrial Development Corporation (GIDC), the Centre for Facilitation of Investments in Haiti, Invest Saint Lucia (ISL), Jamaica Promotion Corporation (JAMPRO), InvestSVG (St. Vincent & the Grenadines), the Investment and Development Corporation of Suriname (IDCS), and iInvesTT (Trinidad & Tobago).

Targeting existing investors to reinvest in the Caribbean and creating linkages in the domestic economy between investors and local suppliers to drive investment growth were issues at the centre of the strategy recommended to the region’s’ Investment Promotion Agencies (IPAs) at the recently held workshop facilitated by the Caribbean Export Development Agency (Caribbean Export) in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA) on 27-28 July in St. Lucia.

During the workshop, 22 representatives from 11 IPAs across the Caribbean region were exposed to best practices in facilitating existing investors and in key account management. “It takes up to 3 years to secure an investment from a greenfield project”, noted the CAIPA President, McHale Andrew of Invest Saint Lucia, “but it can take as little as 1 year to secure additional investments from an existing investor. With the current challenges of reduced promotional budgets and a demand for increased foreign investment and jobs, it seems logical that we seek to engage further with those investors who have already partnered with us”, continues the CAIPA President.

The training forms a part of initiatives undertaken through the provision of funding assistance by the Inter-American Development Bank under a Regional Public Goods Programme entitled “Support for Foreign Direct Investment in the Caribbean.” The main objective of this project is to assist the Caribbean Investment Promotion Agencies in the positioning of the region as a location for Foreign Direct Investment (FDI) and to present the Caribbean as a single investment destination. The project is jointly financed with Caribbean Export and CAIPA.

During the workshop, it was highlighted that already a significant portion of investments into the region come from reinvestments but these figures are not monitored nor incorporated as FDI. The training of the IPAs forms part of a broader initiative to develop a reinvestment programme for CAIPA and to track reinvestment figures within the Caribbean. Preliminary results from a survey of existing investors, which forms a part of this project, indicates an interest or plans by more than 50% of existing investors to expand within the host country or within the region. “Moreover,” notes the Executive Director of Caribbean Export, Mrs. Coke Hamilton, “the region’s best ambassadors and attractors of new investors are our existing investors. We treat them right, and we are already halfway to reaching our investment, jobs and export targets.”

This initiative will see the development of strategies within regional IPAs to address the needs of existing investors and to assist them in expansion plans across the region.  Participating IPAs included: Invest Barbados, the Bahamas Investment Authority (BIA), the Belize Trade & Investment Development Service (BELTRAIDE), Curacao Investment and Export Promotion Agency (CINEX), the Grenada Industrial Development Corporation (GIDC), the Centre for Facilitation of Investments in Haiti, Invest Saint Lucia (ISL), Jamaica Promotion Corporation (JAMPRO), InvestSVG (St. Vincent & the Grenadines), the Investment and Development Corporation of Suriname (IDCS), and iInvesTT (Trinidad & Tobago).

CARIBBEAN EXPORTER OF THE YEAR AWARDS


The aim of the Caribbean Exporter of the Year Awards is to create an export culture across the region by encouraging CARIFORUM firms to begin exporting or to expand

CEYA-Banner-2015croptheir exports through a programme that acknowledges and rewards exporters.

The specific objectives are:

  • To give recognition to exporters (SMEs) that have demonstrated an ability to achieve exporting success as demonstrated primarily through export volumes, diversity of export markets and sound export strategies and action plans;
  • To give recognition to youth and female exporters across the CARIFORUM region;
  • To give recognition to exporters that have integrated green technologies into their operations;
  • To encourage exporters to innovate by investing in R & D to improve product development and;
  • To encourage exporters to engage in corporate social responsibility.

Firms can be nominated in more than one category. Entry is by nomination from a business support organization, government institution, or peer within the CARIFORUM region through Caribbean Export’s website (www.carib-export.com) by February 27, 2015 at 4:30 p.m.  Applications submitted by any other method or after the deadline will not be accepted.

Description of Awards

Emerging Exporter of the Year 
The Emerging Exporter of the Year Award recognises a company that has entered the export market within the last 3 years and has already experienced success.

Young Exporter of the Year 
The Young Exporter of the Year Award recognises a company whose principle shareholder is 35 years or younger and is a successful exporter.

Female Exporter of the Year
The Female Exporter of the Year Award recognises a company whose principle shareholder is female and is a successful exporter.

Green Exporter of the Year
The Green Exporter of the Year Award recognizes an exporter that has invested in green technologies and integrated alternative/renewable energy solutions into its operations that has allowed it to experience exporting success.

Caribbean Exporter of the Year
The Caribbean Exporter of the Year Award recognizes a Caribbean firm that has achieved significant exporting success and whose brand epitomizes Caribbean Export’s guiding philosophy of “Taking Caribbean Excellence to the World.”

Special Award – Excellence in Services Exports
The Special Award recognizes an outstanding Caribbean firm that has successfully exported its services.

Eligibility Criteria

The awards are open to all firms within the CARIFORUM region that meet the eligibility criteria (see below) and are nominated by a business support organization, government institution or peer within the CARIFORUM region.Nomination forms are available on Caribbean Export’s website and should be submitted electronically on or beforeFebruary 27, 2015. Winners will be announced prior to the awards ceremony scheduled for April 16, 2015.

Interested applicants should meet the General Eligibility Criteria in addition to the relevant Award Specific Criteria to which they are applying.

General Eligibility Criteria 

Firms:

  • Must be a registered company headquartered in a CARIFORUM country;
  • Must be majority owned by a CARIFORUM national;
  • Must have an established market presence in at least one export market (regional and international)
  • Must have been in operation for at least three (3) years and exporting for at least two (2) of those years (with the exception of the emerging exporter of the year award)
  • Product or service exported must contain significant CARIFORUM content
  • Produces goods/services that demonstrate significant appeal in the export market
  • Must have annual export earnings of at least US$50,000 (with the exception of the Emerging Exporter of the Year Award) 

Award Specific Eligibility Criteria

Emerging Exporter of the Year 

  • Firm must have annual export earnings of at least US$20,000
  • Firm has been in operation for three years or less and has been actively exporting for a maximum of three (3) years 

Young Exporter of the Year 

  • Principle shareholder (owns at least 51% of firm) must be 35 years or younger as at December 31st 2015 and must be active in daily operations of firm

Female Exporter of the Year

  • Principle shareholder (owns at least 51% of firm) must be female of the firm and must be active in daily operations of firm 

Green Exporter of the Year 

  • Firm has prioritised investment in green technologies to enhance competitiveness
  • Firm has realised significant benefits (economic/environmental) as a result of integrating alternative/renewable energy solutions into its operations

Caribbean Exporter of the Year 

  • Firm has demonstrated innovation in the area of product development
  • Firm has provided increased employment opportunities to CARIFORUM nationals with emphasis on women and youth employment
  • Firm has demonstrated corporate social responsibility in the communities in which it operates 

Special Award – Excellence in Services Exports

  • Firm must be an exporter of services

Public and Private Sectors Meet on Economic Development


Public and Private Sectors Meet on Economic Development

Today, the Belize Biltmore Plaza was the site of a very high-profile, high-powered economic forum, under the theme – Strengthening Partnership for Growth. It’s the third of its kind, an initiative to strengthen the collaboration between the public and private sectors in Belize. Industry stakeholders, big business operators, bankers, financial experts, entrepreneurs and government officials engaged in panel discussions on various pertinent topics with one goal – developing the economy. Mike Rudon was at the opening ceremony this morning and has the story.

 

Mike Rudon, Reporting

The first business forum took place in 2011, an effort by government to open meaningful dialogue with the private sector in Belize. Since then the initiative has taken flight, and today there was massive participation from private sector stakeholders, as well as industry giants and financial experts. Traditionally the sessions have been speech-centred, but this year it’s being done different to allow for more interaction, input and constructive discussion.

 

Mike Singh, C.E.O., Ministry of Trade and Investment Promotion

“This year we’re doing panel discussions, and we’ve brought in people from key areas in government, key areas in the private sector, key areas in the productive sector to sit and have discussions on specific topics, to discuss issues like competitiveness, education, skill needs…I could go through a long list but I believe that there are four panels after which there are question and answer sessions with the private sector. The Prime Minister is on hand to address any issue that they might have, and I also believe that for him it will be a learning experience as well because it really is intended to be a two way thing, not a one way speech-giving activity.”

  Continue reading “Public and Private Sectors Meet on Economic Development”


Invitation Final Working Session of BMTA

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