Trade Watch V8 No 2 Mar-Apr 2014

PROMOTING INNOVATION & COMPETITIVENESS Regional Private Sector Participates in Caribbean Competitiveness Forum

Caribbean Export teamed up with two forerunners in regional private sector development, the Caribbean Centre for Competitiveness (CCfC) of The University of the West Indies and the Private Sector Organisation of Jamaica (PSOJ) to host the 2nd Caribbean Competitiveness Forum. The two-day conference rallied a conglomeration of some of the most successful trailblazers in business from the Caribbean and its diaspora, to share their experience in the business sector and on the world market as well as to critically examine the elements which make these ventures viable economic contenders. The event took place from March 18-19, 2014 at the Jamaica Pegasus under the theme “A New Innings: Competitiveness through Global Value Chains, Clustering and Innovation”. The theme and the presentations during the forum focused on four critical areas: services, Caribbean cuisine, manufacturing and emerging industries such as green initiatives and animation. These sectors had been identified by the majority of regional governments as sectors with significant potential for growth based on economic indicators. The keynote presenters on each of the days spoke to one of the sectors. Their presentations differed in style and content butwere connected by the essential elements of innovation, distinctive branding, aggressive marketing and currency or relevancy which ran as a common thread throughout their stories. One such presenter was Jamaican-born, British national, Levi Roots who has become famous for his Reggae Reggae sauce and range of culinary products. The forum, which catered particularly to private sector enterprises, incorporated the contributions of key stakeholders such as the public sector, academia and non-governmental institutions. This diverse pool of participants ensured that the discourse of the forum was multi-faceted and comprehensive. The all-compassing attendance meant that firms had the opportunity network with and to learn from some of the region’s business tycoons as well as to establish connections amongst themselves. From the experience, attendees were able to gain practical insight intomarketing, export anddistribution strategies as well as to gain a full appreciation for the less tangible qualities for success such as innovative and adaptability. These lessons were concretized by clinics which were conducted after the each forum session to allow firms to troubleshoot and to workshop solutions to problems that they were currently facing. The clinics were modeled based on a collaborative concept and facilitated by industry experts. At the conclusion of the event, the attending SMEs had gained an appreciation of the importance of industry clustering, which has been adopted to a great extent by the Jamaican private sector, value chain analysis and other business development strategies. Above all, and most in keeping with the Agency’s mandate for private sector business development, the firms had the opportunity to strengthen and build their networks. (TW)

Delegates and participants from the 2nd Cairibbean Competitiveness Forum

Mr. Christopher Reckord during this presentation on use of ICT for Business Competitiveness

Pamela Coke Hamilton, Executive Director, Caribbean Export addressing participants at the 2nd Caribbean Competitiveness Forum

3 Tradewatch • The Official E-Newsletter of the Caribbean Export Development Agency • Vol. 8 No. 2 March - April 2014