Implementation of the 10th EDF Regional Provate Sector Programme

STRONGER TRADE AND INVESTMENT RELATIONS BETWEEN CARIFORUM, FCORS AND OCTS

In Export assembled the 9th CARIFORUM/ FCOR/OCT Task Force on Trade and Investment in the Cayman Islands. During this meeting a presentation and discussions were held on strengthening SMEs of the OCTs, under the OCTs SME Fiche. The overall objective of the project is to contribute to OCTs economic In addition to following up on decisions agreed to at the 8th meeting, the Task Force sought to provide an update on co-operative initiatives between CARIFORUM and the FCORs, discuss the status of the Caribbean financial services STRONG TRADE AND INVESTMENT BETWEEN CARICOM AND THE DOMINICAN REPUBLIC 2014, Caribbean diversification and prosperity by improving SME competitiveness.

sector and the Octroi De Mer, and establish a Technical Management Unit (TMU) in the FCORs. During the mission, the Task Force members alsoreviewedtherecommendations of the Comprehensive Study on the Technical Barriers to Trade (TBTs) and other technical requirements that affect the two regions.

INTERVENTION LOGIC

OBJECTIVELY VERIFIABLE INDICATORS

SOURCES OF VERIFICATION

RESULTS ACHIEVED

Stronger trade and investment relations between CARICOM and the Dominican Republic are promoted

• % of CARICOM and DR firms securing contracts following participation in Forums and other activities (target: at least 25%) • % increase in sectors traded between CARICOM and DR as a result of CE supported initiatives. (target=15%)

• Surveys of workshop participants

• 30% of CARICOM and DR firms signing contracts increasing trade between the region • Reports of 8% increased in trade between CARICOM and DR firms following Dominicana Moda, Expo Cibao, and Trade mission activities

• Country sector reports

• Project reports

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