Caribbean Export 2021 Annual Report FINAL

EXPORT AND GROW – OPENING NEW MARKETS

Our task at Caribbean Export is the internationalization of regional firms. This requires them to become more competitive and export-oriented, in addition to supporting the realization of their potential in exporting their products and services. In doing so, they become the incubators of change, growth and job creation, holding the key to social and economic development of the Caribbean. Caribbean Export is dedicated to finding innovative ways to provide CARIFORUM firms with the tools to build operational capacity, enhance competitiveness and penetrate new markets. The Agency has launched a range of innovative initiatives, to support the private sector to navigate, recover, and export more products and services during the pandemic and beyond with a suite of training programmes and export promotion activities. According to the International Trade Centre (ITC), the CARIFORUM Caribbean’s (CARICOM and the Dominican Republic) largest export market in 2020 was the United States of America, with an export value of approximately US$10.583 billion, followed by the European Union, valued at US$2.8 billion in the same year.

Building Business, Transforming Lives for a Resilient Caribbean | Annual Results Report - 2021 32