Caribbean Export Development Agency London June 2014

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

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