Increasing export capacity
Barbadian small and medium sized manufacturers are being better equipped to increase their export capacity.
With the assistance of the German agency, GIZ and the Caribbean Export Development Agency, some 25 local businesses this morning started a five-day training programme at the offices of Caribbean Export, Baobab Towers, in Warrens.
Caribbean Export’s Advisor for Competitiveness and Innovation, Damien Sorhaindo told Barbados TODAY that the main purpose of the training was to get Barbadian manufacturers ready for exporting on a larger scale.
Sorhaindo said the programme would cover such issues as branding and packaging, marketing and research, production, regulatory compliance, managing export transactions and export financing.
“We are looking from the strategic point of view of the organisation, to the institutional structure of the organisation, financial market research, and also production side. So are they ready in terms of the production processes, can they meet the standards of the export markets, but not just the standards, can they meet the volumes, production, demands of the market?” he asked.
“They’ll receive a check list for everything their need to export from Barbados into an international market. So that will be one of the first things that will be touched on in the week. So, like a check list for an export ready firm.”
He said the training workshop would be a “very comprehensive” one which would cover everything exporters would need to get themselves into the regional and international markets.
To date, there have been 10 workshops, with a total of 112 participants trained from across the CARIFORUM region, including 35 business support organisations staff members. Organisers said the strategic alliance between the Barbados Small Business Association, Caribbean Export and the German agency, would enable a wider outreach to small businesses that would benefit the most from the workshops.
They said that in addition to reaching SMEs directly, the programme had a long-term goal of creating a pool of certified trainers in the region, who would be qualified to deliver. (EJ)