More than a dozen manufacturing and services firms can now declare themselves export-ready after a four-month training course organized by the state export promoter.
A Government statement said 16 companies are to graduate from the Barbados Investment and Development Corporation’s (BIDC) Export-Readiness Programme (ERP). They are to receive their Certificates of Completion on Wednesday at a graduation ceremony at Bagnall’s Point Gallery, Pelican Village.
The ERP “continues to be refined and shaped to provide pertinent knowledge to would-be exporters and is geared towards engendering a culture of outward-looking companies that can compete globally even within their own market”, the BIDC’s Business Development Officer, Humphrey Broome is quoted as saying.
Launched in 2011, the export training programme, conducted in collaboration with Caribbean Institute of Leadership and Coaching, is intended to “grow Barbadian nominal exports receipts over time, by increasing the number of companies that are actually exporting, thereby increasing Barbados’ potential to earn much-needed foreign exchange” the Government statement said.
BIDC has partnered with the CARICOM Office of Trade Negotiations, which delivered training on the trade environment in which Barbadian exporters will operate. The OTN training covered CARICOM trade agreements and the regional framework for Barbados’ trade, and how to leverage these deals to boost exports.
The graduating firms will showcase both their goods, services, and newly acquired export-readiness muscle during an October 10-13 trade mission to St. Lucia.
Minister of International Business and Industry, Ronald Toppin, is to deliver opening remarks at Wednesday’s ceremony, which begins at 2 p.m.
The Office of Trade Negotiations advisor on trade policy and technical advisor to Less Developed Countries (LDCs) in CARICOM, Joel Richards, is to deliver the feature address. (BGIS)