The Caribbean Region as a whole represents a market of about 23.5 million people who collectively imported over $22.5 billion of U.S. goods in 2012. As a result, the region is the 3rd largest export market for U.S. manufactured goods in Latin America behind only Mexico and Brazil.
Opportunities in the Caribbean Region Webinar Series will provide valuable insights to new and experienced exporters who will gain knowledge of the export opportunities in this dynamic region. Companies will learn about the best prospects, financial and legal considerations and marketing strategies in the Caribbean Region. Participants will also understand and appreciate the cultural differences, economic conditions and technological capabilities of potential partners.
This six-part webinar series is also a venue to prepare participating U.S. companies for a more successful experience during the upcoming U.S. Department of Commerce Trade Mission to the Caribbean Region being held on June 8-12, 2014 in Santo Domingo, Dominica Republic, with optional visits in Haiti, Bahamas, Barbados, Jamaica, and Trinidad and Tobago.
You already missed four of the six webinars. Don’t miss the remaining two. Register today!
The United States is Jamaica’s largest trading partner, accounting for almost 40 percent of Jamaica’s total trade. A small economy of 2.8 million people and $15 billion GDP, Jamaica’s geographic proximity and historically strong links with the United States have encouraged a wide range of U.S. investors and exporters to enter the Jamaican market. Best prospects sectors for US exports include: Agriculture; Pharmaceuticals/Chemicals; Machinery/Transportation Equipment; Consumer Products and Tourism; ICT; Automobiles; Energy Production; and Telecommunications.
Join us for the “Business Opportunities in Jamaica Webinar” on Thursday, February 20, 2014. This fifth chapter of the Business Opportunities in the Caribbean Region Webinar Series will bring you the latest on Jamaica’s growth and the opportunities this market offers American companies in a variety of industries.
The United States is Haiti’s chief trading partner, with a 40 percent share of Haiti’s import market. Haiti’s economy is unique in the Caribbean region, with a large population of 10 million people but a relatively small $7.9 billion GDP. Haiti’s geographic proximity and historically strong links with the United States contribute to a strong export market. Haiti imports more than 70 percent of market goods, and American businesses continue to do well in finding local buyers and distributors. Haiti has the lowest import tariffs in the Caribbean region. Best prospects sectors for US exports include: Apparel and Textile; Machinery and Transport; Automotive Sector and Parts; Telecommunications Services and Equipment; Electrical Power Systems; Tourism; and Building Materials/Equipment.
Join us for the “Business Opportunities in Haiti Webinar” on Thursday, February 27, 2014. This sixth and last chapter of the Business Opportunities in the Caribbean Region Webinar Series will bring you the latest on Haiti’s growth and the opportunities this market offers American companies in a variety of industries.
1) Business Opportunities in Trinidad & Tobago Webinar
Date: Thursday, January 16, 2014; 12:00-1:15PM EDT
The United States is Trinidad and Tobago’s largest trading partner, accounting for 33 percent of TT’s total imports and taking 44 percent of their exports. A small country of 1.2 million people and a per capita GDP of $20,000, one of the highest in the region, Trinidad and Tobago’s economy is dominated by the energy sector. Trinidad and Tobago’s geographic proximity and strong links with the United States have encouraged a wide range of U.S. investors and exporters to enter the Trinidad and Tobago’s market. Best prospects sectors for US exports include: Oil and Gas Field Machinery and Services; Food Processing & Packaging; Automotive Parts and Services; Telecommunications; Computers and Peripherals; Construction; Tourism; and Maritime Industries.
2) Business Opportunities in the Dominican Republic Webinar
Date: Thursday, January 23, 2014; 12:00-1:15PM EDT
With a population of 10 million consumers and a GDP of $59 billion, the Dominican Republic (DR) is the tenth largest economy in Latin America and the second largest in the Caribbean region in 2012. The United States represents, by far, the DR’s largest trading partner. Fully 43.6 percent of imports into the DR are of U.S. origin. There is extremely high receptivity to U.S. goods and services and U.S. product standards are generally accepted. Since the implementation of the Central American and DR Free Trade Agreement (CAFTA-DR) signed in March 2007, bi-lateral trade has grown at a robust pace. By 2012, U.S. exports to the DR had grown by 33 percent over the pre-CAFTA days of 2006.
The strength of the trade relationship stems from close geographic proximity and the historic cultural and personal ties that many Dominicans have with the United States. Best prospect sectors for US exports include: Automotive Parts, Hotel and Restaurant Equipment, Travel and Tourism, Safety and Security Equipment, Renewable Energy Products and Equipment, Telecommunications Equipment, Printing and Graphic Arts Products and Equipment, Computers and Peripherals, Medical Equipment and Building Products.
3) Business Opportunities in the Bahamas Webinar
Date: Thursday, January 30, 2014; 12:00-1:15PM EDT
The Bahamian economy is driven by tourism and financial services. The Bahamas imports nearly all of its food and manufactured goods from the United States, and U.S. goods and services tend to be favored by Bahamians due to cultural similarities and exposure to U.S. advertising. Due to its dependence on U.S. tourism and trade, the Bahamian economy is notably affected by U.S. economic performance. There are no significant barriers to trade in The Bahamas. The Bahamas is currently reviewing proposals for alternative energy sources. This is expected to create opportunities for foreign direct investment in the energy industry. Best prospects sectors for US exports include: Hotel/Tourism; Franchise; Construction Equipment and Supplies; Consumer Products; and Medicinal and Pharmaceutical Products.
4) Business Opportunities in Barbados Webinar
Date: Thursday, February 13, 2014; 12:00-1:15PM EDT
Barbados enjoys one of the highest per capita incomes in the region and an investment climate which benefits from its political stability and stable institutions. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a highly educated workforce. A renewable energy bill that will open up the possibility of private energy production and selling back to the grid is expected to be passed this year. The tourism sector will be upgraded through several construction projects. Best Prospects are Construction and Building Products; Consumer Goods; Agricultural Products and Equipment; Renewable Energy Technologies and Hotel and Restaurant Equipment.