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

Figure 7 • Trinidad and Tobago-UK trade in creative goods, 2004-15, US$

16 000 000

Exports

Imports

Book Imports

14 000 000

12 000 000

10 000 000

8 000 000

6 000 000

4 000 000

2 000 000

0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Source: UNESCO 2018

Figure 9 provides an overview of Trinidad and Tobago’s music industry export earnings by market from 2009 to 2013. It shows that exports to the rest of the world have accounted for half of the exports, while exports to the EU account for 27% and exports to other CARIFORUM States account for 23%. Figures for Jamaican music royalties indicate that there is a significant amount of trade with the EU. Total incoming royalties collected by the Jamaica Association of Authors, Composers and Publishers (JACAP 2009 and 2013) amounted to US$376,553. As Figure 10 shows, the majority, or 71%, of revenue originated from the EU, with the United Kingdom accounting for 90% of this amount and Sweden as the next largest source. The United Kingdomand Sweden generated collections of US$248,757 and US$19,097 respectively. The next highest source of collections for Jamaican creators was the United States which represented 13%, or US$49,570, of all incoming royalties. All this data needs to be considered within the context of changing music industry dynamics and the increasing importance of the online distribution of creative works.

58 Culture in the CARIFORUM-EU EPA