Business Facilitation & Development In The OECS · OECS/Export Development a Unit of the OECS...
Transcript of Business Facilitation & Development In The OECS · OECS/Export Development a Unit of the OECS...
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ORGANISATION OF EASTERN CARIBBEAN STATES
Business Facilitation &
Development In The OECS
Presented at: OECS/Chamber
Encounter, 2nd April 2013
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OECS Secretariat & Business development
OECS/Export Development a Unit of the OECS Secretariat is
mandated to promote private sector development by increase
exports from the OECS region through the enhancement of the
competitiveness of OECS Products and Services in the domestic,
regional and international markets
EDU/CBU to promote private sector
development
TPU to assist officials to develop and
implement policy to facilitate trade
EPU to facilitate the development and
implementation of sector and development
policies
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CBU/EDU’s Mission
• To improve enterprise level competitiveness by
providing direct support to individual enterprises,
• To provide OECS firms with information on the
regional & international trading environment,
• To provide assistance and support to current &
potential OECS exporters in the preparation and
implementation of business and marketing plans
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Business Development Work Programme
• Support to Trade Development & Competitiveness
• Management Enhancement
• Sector Capacity Building
• Development of Goods & Services
Rum Buyers Mission - St. Lucia 2010
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• Marketing Support
• Private Sector Expansion Facilitation
Business Development Work Programme
Expo Caguas, Puerto Rico - 2009
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Business Opportunities
Natural Resources
–Pumice,
–water,
–geothermal energy
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Business Opportunities
Resource-based investments developed on
multi-domestic/allocation principles
e.g. Renewable Energy (geothermal) potential in
Nevis, Dominica to supply other OECS islands
and beyond.
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Business Opportunities
Agricultural Sector
–Export of fresh produce regionally
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OECS are services economies
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Business Opportunities
Legal
Finance and Accounting
Management Consulting
Health and Wellness
Education Services (esp. Medical Education)
Film and Entertainment/Creative Industries
Engineering-related
ICT
Construction
Cultural
Tourism and Travel-related
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Sector Capabilities
– Eco-tourism
– Medical transcription
– Business process operations
– Health and wellness – recuperative spas and
centres
– Education
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Health and Wellness Tourism
– Several private medical clinics/medical
centres
– Off-shore medical schools
– Growth in spa centres and services
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development guided by OECS & CARICOM
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CARICOM Imperatives
Business/trade Policies, Plans and Strategies are also determined by:
• CARICOM Treaty
• CARICOM Organs e.g. Council for Trade and Economic Development
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Trade Negotiations also important
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Priority Issues in Negotiations
• Market access for goods and services
• Trade related issues e.g. intellectual
property, trade remedies
• Development support
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Future for Private Sector Development
• Develop a new business model in the OECS to encompass Joint
Marketing, Procurement, Production, Shipping and Logistics.
• Develop centers of excellence in the OECS to rationalize the use
of scarce resources.
• Regional Shipping Network Programme to provide freight
consolidation and logistics.
• New enterprises development – tourism related business
development support to strengthen inter-sectoral linkages and
Investment Promotion.
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THANK YOU