Caribbean Investment Forum Magazine

5 REASONS TO INVEST IN THE CARIBBEAN IN 2022 1 CARICOM has a target of 48 percent renewable energy penetration by 2030. Individual nations have set their own targets, some even more aggressive. Overall, this will be a fourfold plus increase in the amount of renewable energy being generated throughout the Caribbean. To accomplish this goal, public-private partnerships are available. Companies who are involved in the infrastructure, manufacturing, storage, distribution and servicing of renewable energy projects are all invited to contact CAIPA to learn about investment opportunities. Caribbean nations have high renewable energy targets 2 The Caribbean is a true near-source location. Companies looking to expand but wanting to be near their call center or operations hubs, should invest in the Caribbean for the sheer convenience of being able to reach the islands in a couple of hours. Most are in Eastern Standard Time, making it easy for sta ff and for customers to communicate between locations It’s easy to reach The Caribbean from the U.S., Canada & Mexico 3 Companies throughout the world are struggling to fi nd educated and skilled employees to fi ll positions. The Caribbean has the talent you are looking for. Our workforce is some of the most educated in the world. Hard working, and wanting to live in the Caribbean, our workforce is excited for opportunities to build and grow a career close to home. So, if a lack of talent is hurting your operations, 2022 is the ideal time to invest in the Caribbean. The Caribbean has the talent you’re looking for 4 English is the primary language spoken across the Caribbean. Culturally, Caribbean people are aligned with European and American customs and traditions. This cultural a ffi nity means that the learning curve is shortened when outsourcing to the Caribbean. Sta ff who travel back and forth will fi nd the transition incredibly easy. There are cultural similarities 5 The Caribbean has historically been a global hub for trade. It still is. Several free trade agreements are in place and Caribbean nations have enacted policies that make trading between nations easy and convenient. For example, the Caribbean Basin Initiative provides Caribbean territories with duty-free access to US markets for most goods. Likewise, the CARIFORUM/European Union Economic Partnership Agreement grants preferential access to European markets. The Caribbean is open to trade

CARIBBEAN INVESTMENT FORUM

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