EXPORTING TO THE

CARIBBEAN

Help American companies export from the United

States to global markets.

For every $1 Congress gives to the U.S. Commercial Service, an

estimated $192 was returned to the American economy in

the form of increased exports ($56.2 billion) and foreign

direct investment ($5.3 billion), which supported approximately

300,000 U.S. jobs.

U.S. Export Assistance Centers Over 100 cities

Trade Professionals

U.S. Embassies75 countries (128 offices)96% of world export markets

Map: Boosting American Exports, ThrdWay.org

Map: Trade Americas Team, U.S. Department of Commerce

The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s

International Trade Administration.

The U.S. Commercial Service trade professionals in over 100 U.S. Cities and in more than 75 countries help U.S. companies

get started in exporting or increase sales to new global

markets.

WHAT WE DO Promote the export of goods and

services from the United States Represent U.S. business interests

internationally

HOW WE DO IT Trade Counseling Market Intelligence Business Matchmaking Advocacy and Commercial Diplomacy

THE RESULT Increased U.S. exports and U.S. jobs

supported Level playing field for U.S. companies

exporting abroad

CARIBBEAN OVERVIEW

BEYOND A VACATION DESTINATION

Chile$15 B

Colombia$15 BCaribbean

$27 B

India$34 B

Australia$25 B

Brazil$30 B

The Caribbean countries imported $27.0 Billion worth of U.S. products and services in 2018.

Map: Wikipedia Commons

Africa$26 B

Central America$15 B

BEYOND A VACATION DESTINATION

The Caribbean is a very diverse region with great potential for U.S. exports.

30 markets • 44 million people • 45% U.S. import market share

The Caribbean countries imported $27 Billion worth of U.S. products and services in 2018.

Its close proximity to the U.S., and its regional integration, are some of the more relevant reasons why the Caribbean should be a key part of your company’s international strategy.

Guyana

The BahamasUS$3.0 billion

BarbadosUS$597 million

Dominican Republic US$8.9 billion

Jamaica US$2.6 billion

HaitiUS$1.4 billion

Eastern CaribbeanUS$1.7 billion

GuyanaUS$541 million

Trinidad & Tobago US$2.1 billion

Guyana

Note: Billions of U.S. Dollars. Source: United States Census Bureau. Trade Statistics 2018 / World Bank Global Economy Prospects

Country U.S. Exports PercentageDominican Republic $8.8 33%The Bahamas $3.00 11%Jamaica $2.6 10%Trinidad & Tobago $2.1 8%Eastern Caribbean $1.7 6%Haiti $1.4 5%

Other Caribbean $7.3 27%

Partner Posts $11.4 42%Total Coverage $20.4 75%

U.S. EXPORTS BY COUNTRY

Dominican Republic

The Bahamas

Jamaica Trinidad &

Tobago

Eastern Caribbean

Haiti

Other Caribbean

Partner Posts, 42%

Total Coverage ,

75%

COVERAGECountries covered by Commercial Service and State Department Partner Posts

BUSINESS OPPORTUNITIES IN THE CARIBBEAN

CONFERENCE & TRADE MISSION

Conference: May 31-June 1, 2020 Bridgetown, Barbados

Mission: May 31 - June 5, 2020 Receptions/Networking + One-on-one

meetings in 1 or 2 countries 14 U.S. Embassies Caribbean governments

What you can expect: Gain market insights Make industry contacts Solidify business strategies Advance specific projects Identify potential partners

DEAL TEAM

Interagency team to provide advocacy and help U.S. firms win projects throughout the region.

Trade Lead promotion to raise awareness followed by active advocacy

DEAL TEAM

Growth in the Americas / América Crece– Partnerships– Private Sector Investment– Whole-of-Government

DEAL TEAM

GAIA Airport Airport privatization$40 million IDB upgradeSecurity CamerasAdditional projects

Family Airports Upgrade$35 million IDB upgradeVariety of small upgrades Multiple locations

Jamaica Public Service Company150 MW renewable energy generation

Energy Crisis200 MW power plant and gas supply tender

Gas & Coal Ongoing energy supply for coal and gas

Guyana O&G Exxon gas field. Equipment and services.

WTECritical shortage of landfill space

“Green” plastics & consumables REGIONWIDE Increasing legislation to combat ocean and beach waste

Hotels & RelatedREGIONWIDE

UAV Tender$20 million

CCTV UpgradePolice

CCTV UpgradeLarge project

LNGREGIONWIDE Nassau Cruise

Port upgrade

Ocean PowerResource study IDB

Container Port PrivatizationSt. Lucia

Police Body and Car Cameras

RenewablesREGIONWIDE+

Guyana Infrastructure Demarara Harbour BridgeDeepwater PortEnergy Generation

Hurricane Dorian Reconstruction

Guyana

COUNTRY OVERVIEWS

• Bahamas

• Jamaica

• Haiti

• Dominican Republic

• Barbados & Eastern Caribbean

• Trinidad and Tobago

• Guyana

CARIBBEAN REGION

BAHAMAS

• Population 395 thousand

• GDP $12 billion

• GDP growth 1.6%

• Per Capita Income $29,790

• Bilateral Trade U.S./Bahamas $3.52 billion

• Imports from U.S. $3.06 billion

• U.S. Imports Market Share 44%

The Bahamas provides a stable environment for conducting business. There is no history of political violence or instability in The Bahamas. The economy is strong and the B$1 is on par with US$1. High per capita Income High utility costs and high cost of living Low Ranking in Ease of Doing Business Low levels of productivity

THE BAHAMAS

Contact

• Doug Sun Political/Economic ChiefU.S. Embassy Nassau, Bahamas SunDL@state.gov

• Sandaria HallEconomic and Commercial Specialist U.S. Embassy Nassau, BahamasHallSD2@state.gov

THE BAHAMAS

JAMAICA

• Population 2.9 million

• GDP $15 billion

• GDP growth 1.5%

• Per Capita Income $8,690

• Bilateral Trade U.S./Jamaica $3.0 billion

• Imports from U.S. $2.6 billion

• U.S. Imports Market Share 45%

Significant investment in energy, especially renewables and LNG. Opportunities in tourism, business process outsourcing, and infrastructure. Tourism and remittances are largest foreign exchange earners accounting for

over US$ 2 billion each.

JAMAICA

Contact

• Joe V. James Economic and Commercial Officer,U.S. Embassy Kingston, Jamaica JamesJV@state.gov

• Elvis James Political and Economic Specialist U.S. Embassy Kingston, Jamaicajamesem@state.gov

JAMAICA

HAITI

• Population 11.1 million

• GDP $9.7 billion

• GDP growth 1.5%

• Per Capita Income $1,830

• Bilateral trade U.S./Haiti $2.4 billion

• Imports from U.S.: $1.4 billion

• U.S. Imports Market Share 42%

U.S. imports represent 42% of total imports. Haiti imports more than 70% of market goods. Three major International Ship and Port Facility Security certified ports.

HAITI

HAITI

Contact

• Alexis NievesEconomic OfficerU.S. Embassy Port-au-Prince, HaitiNievesA@state.gov

• Jenny AchabCommercial Specialist U.S. Embassy Port-au-Prince, HaitiAchabI@state.gov

DOMINICAN REPUBLIC

DOMINICAN REPUBLIC• Population: 11 million

• GDP: $85.6 billion

• GDP growth: 7.6 %

• Per Capita Income $15,290

• Bilateral trade U.S./DR: $14.3 billion

• Imports from U.S.: $8.9 billion

• U.S. Imports Market Share 53%

Second largest economy in Caribbean & Central American region and one of the fastest growing economies in Latin America

Free Trade Zone Manufacturing Large diaspora. 1.8 million Dominican-American’s in U.S. as well as 250,000

Americans living in the DR Strong tourism sector with 2.7 million U.S. tourists visiting per year. 9 airports/12 seaports CAFTA-DR Trade Agreement

Contact

Bryan LarsonSenior Regional Commercial Officer Caribbean RegionU.S. Embassy Santo Domingo, Dominican RepublicOffice: (809) 368-7162Bryan.Larson@trade.gov

María Elena Portorreal Senior Commercial Specialist Caribbean RegionU.S. Embassy Santo Domingo, Dominican RepublicOffice: (809) 368-7220Maria.Portorreal@trade.gov

DOMINICAN REPUBLIC

BARBADOS &

EASTERN CARIBBEAN

BARBADOS AND THE EASTERN CARIBBEAN

BARBADOS• Population 287 thousand• GDP $5.1 billion• GDP growth -0.6%• Per Capita Income $17,830• Bilateral Trade U.S./Barbados $652 million• Imports from U.S. $597 million• U.S. Imports Market Share 35%

EASTERN CARIBBEAN• Population 622,000 (est.)• GDP $7.0 billion (2018)• GDP growth 3.7 % (2018 est.)• Per Capita Income $16,476• Imports from U.S. $1.7 billion • U.S. Imports Market Share 46%

EASTERN CARIBBEAN:Antigua & Barbuda

BarbadosDominicaGrenada

Saint LuciaSaint Kitts & Nevis

Saint Vincent & the Grenadines.

BARBADOS AND THE EASTERN CARIBBEAN

Contact

• Rachel Meyers, Deputy Political Economic CounselorU.S. Embassy Bridgetown, BarbadosMeyersRL@state.gov

• Jonelle M. Watson, Political/Economic Commercial AssistantU.S. Embassy Bridgetown, BarbadosWatsonJM@state.gov

TRINIDAD &

TOBAGO

• Population 1.39 million

• GDP $23.4 billion

• GDP growth -0.7%

• Per Capita Income $30,520

• Imports from the U.S. $2.1 billion

• U.S. Imports Market Share 46%

Politically stable democracy Exchange rate: 6.8TT dollar = 1 US dollar Equipment and supplies required for small but vibrant light manufacturing, and

maritime services sectors. Opportunities in Information and Communication Technology, Business Process

Outsourcing and security equipment. Low cost of utilities. Low ranking in ease of doing business Major issues are government bureaucracy and foreign exchange shortages

TRINIDAD & TOBAGO

Contact

• Matthew CiesielskiEconomic and Commercial OfficerU.S. Embassy Port of Spain, Trinidad & Tobago CiesielskiMM@state.gov+1 868 822 5926

• Marissa NicholasCommercial AssistantU.S. Embassy Port of Spain, Trinidad & Tobago NicholasMR@state.gov

TRINIDAD & TOBAGO

GUYANA

• Population 780 thousand

• GDP $3.6 billion

• GDP growth 3.4%

• Per Capita Income $8,000

• Imports from the U.S. $541 million

• U.S. Imports Market Share 29%

Officially became an oil exporting country in December 2019 GDP expected to triple in next three years Net direct investment is expected to surge in 2020-21 Equipment and supplies required to support the newly developing oil sector Opportunities in infrastructure, energy, and finance sectors. High cost of utilities and aging infrastructure.

GUYANA

GUYANA

Contact

• Alexandra King PilePolitical & Economic ChiefU.S. Embassy Georgetown, GuyanaKingAJ2@state.gov

• Ray SlaninaPolitical & Economic OfficerU.S. Embassy Georgetown, GuyanaSlaninaRA@state.gov

TRADE FRAMEWORKS

CARICOM

• Established:1973• Secretariat: Georgetown, Guyana• Purpose: promote economic

integration and cooperation, ensure benefits are equitably shared, and coordinate on foreign policy.

• Members: mainly English speaking Caribbean later expanded to Haiti and Suriname

• Members: 15 full members, 5 associate, 8 observers

• CSME: CARICOM Single Market and Economy established in 1990. 2011 declared “ON PAUSE”

CAFTA-DR

• In force since 2007• U.S., Dominican Republic, El

Salvador, Honduras, Nicaragua, Costa Rica and Guatemala

• Most manufactured U.S. products enter duty free; ag products phased out

• Low tariffs for remaining products

• Fewer import restrictions, standards are similar to the U.S., & labeling/testing greatly simplified

Christian KoschilDeputy Senior Commercial Officer Caribbean Region

Tampa/Clearwater, FloridaOffice: (727) 893-3738Christian.Koschil@trade.gov

María Elena Portorreal Senior Commercial SpecialistCaribbean Region

Santo Domingo, Dominican RepOffice: (809) 368-7220Maria.Portorreal@trade.gov