Exporters to gain more recognition
The Caribbean Export Development Agency is seeking to boost exports out of Barbados and the rest of the CARIFORUM region by recognizing outstanding exporters.
The Barbados-based agency today launched the inaugural Caribbean Exporter of the Year awards at its Baobab Tower office.
Pointing out that total CARIFORUM exports in 2013 were estimated to be US$51 billion, executive director of Caribbean Export Pamela Coke-Hamilton stressed that exporters were critical to the economic development of the country.
She said the average contribution of exports to GDP was approximately 17 per cent for goods and a “whopping” 36 per cent for services.
“That tells you the importance of exports to our economies . . . I also want to point out that [exporters] are major investors in our economies. They live here, they invest here, they employ here and they grow and expand here. So if there is any set of people that ought to be recognized and rewarded and given the opportunity to grow and expand it is our exporters,” she said.
Exporters will be awarded in five main categories: Caribbean exporter of the year, female exporter of the year, young exporter of the year, green exporter of the year, and emerging exporter of the year. There will also be a special award for service delivery.
Details on how to enter and the nomination process can be found on the agency’s website.
The deadline for entries is February 27.
A panel of local, regional and international representatives will judge the organizations, and the award ceremony will be held in Jamaica April 15 and 16 at the third CARIFORUM-EU Business Forum.
Minister of Commerce and Small Business Development Donville Inniss lauded the Caribbean Export for introducing the new awards, saying it stood to help develop the business sector in Barbados and the region.