Impact Study: UNESCO-Aschberg Programme for Artists and Cultural Professionals

Figure 4 • Dominican Republic-UK trade in creative goods, 2006-16, US$

800 000

Exports

Imports

700 000

600 000

500 000

400 000

300 000

200 000

100 000

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: UNESCO 2018

The biggest markets for European books are the Dominican Republic with Spain as the main supplier (see Figure 5) and the United Kingdom as the main supplier for Jamaica and Trinidad and Tobago (see Figures 6 and 7). When it comes to goods export, Trinidad and Tobago’s music industry is particularly helpful to illustrate the challenges faced by regional music industries (also because it has themost available and consistent data among CARIFORUM States). What is evident from Figure 8 is that music exports have dropped dramatically from 2009 to 2013. In effect, Trinidad and Tobago’s music exports to the world declined by almost two-thirds from US$1.7 million to approximately US$647,000; exports to the EU and exports to other CARIFORUM States followed a similar trajectory, albeit with a sharp drop-off in recent years 41 .

41. For a general reference, see the IFPI Global Music Report 2018, which recounts that “streaming revenues grow 41.1% to become largest revenue source, driven by 176 million users of paid subscription accounts… Streaming now accounts for 38.4% of total recorded music revenue and its growth has more than offset a 5.4% decline in physical revenue and a 20.5% decline in download revenue. Despite the recent uplift, revenues for 2017 are still only 68.4% of the market’s peak in 1999”. See https://www.ifpi.org/news/IFPI-GLOBAL-MUSIC- REPORT-2018

56 Culture in the CARIFORUM-EU EPA