Barbados’ international business sector is setting its sights on developing lucrative partnerships out of Latin America as it holds its sixth annual week of activities.
As the events got underway Sunday at a church service at the St Thomas Parish Church, Minister of Industry and Commerce Donville Inniss made a strong case for greater buy-in at the local level.
“This week is just a short synopsis of what the international sector is all about. Simply put, it’s the second most important part of our economy, but the one that is perhaps the quietest, contributing almost $900 million to our economy,” he said.
Inniss added that with almost 5,000 people directly and indirectly employed by the sector, those who are not aware of the contribution of international business should seek to find out more over the next five days.
Noting that the economy has long transitioned from one that is dependent on sugar to one that is services based, Inniss suggested there was much more for Barbados to exploit in the financial services sector.
Hinting that the sector is facing challenges, Inniss expressed confidence that it would continue to weather any storm and grow from strength to strength.
Tomorrow, BIBA will turn its attention to captivating the interest of fifth and sixth form secondary school students at a symposium.
Later that evening, experts in the sector will speak on a range of sector issues at a public discussion.
On Wednesday, careers in international business go on show at the careers showcase at the Cave Hill Campus of the University of the West Indies.
On Thursday, BIBA officials will get down to business with regional counterparts at the Latin American Business conference which is geared toward building stronger ties between Barbados and Latin America.