2024 Annual Results Report

UNLOCKING EXPORT POTENTIAL:

EMPOWERING CARIBBEAN BUSINESSES

Private Sector Development Programme III (RSPDP III), aimed to connect CARIFORUM producers in the specialty food and beverage sector with key buyers from France and across Europe. The goal was twofold: to enhance the export capabilities of these firms and to elevate their profile within a competitive European marketplace known for its demand for premium, sustainable, and culturally distinct products.

Driving Impact: Goals and Outcomes

The presence of CARIFORUM exhibitors at SIAL Paris was more than a showcase— it was a strategic effort to position Caribbean products within the European trade ecosystem. The initiative was designed to boost the export volumes of specialty Caribbean products—such as sauces, condiments, and natural goods—by firmly embedding them into European markets. A key focus was raising market awareness of these unique offerings, showcasing their quality, authenticity, and cultural value to European consumers and industry stakeholders. By doing so, the programme reinforced the appeal of Brand Caribbean, stimulating demand and building recognition for the region's distinct culinary heritage. At its core, the initiative fostered direct business-to-business (B2B) interactions, creating opportunities for firms to establish meaningful partnerships and explore new market possibilities. These engagements provided vital pathways for sustained growth, enabling participating businesses to expand their reach and build long-term trade relationships. Moreover, the programme equipped participants with critical knowledge about the intricacies of the EU market. From understanding export procedures and regulatory requirements to gaining insights into consumer trends, businesses emerged better prepared to navigate the complexities of entering and competing in this lucrative market. Together, these elements laid the foundation for increased exports, enhanced competitiveness, and a stronger foothold for Caribbean products in the European trade ecosystem.

The programme focused on four key objectives:

Boosting Exports

Gaining Market Access

Facilitating Business Engagements

Enhancing Market Understanding

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