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MIAMI, Florida May 19, (CMC) – An agreement, geared towards strengthening investment and trade promotion to facilitate and develop reciprocal cooperation between United States-based entities and the member states of the Caribbean Export Development Agency, has been signed with the Latin Chamber of Commerce USA.
“These agreements will open new doors to the Caribbean and to Caribbean businesses. Caribbean Export has always been very strong on promoting partnerships because we see them as the most effective and cost-efficient ways to advance the goals of the Agency and those of the region,” said Pamela Coke Hamilton, Executive Director of Caribbean Export.
With specific reference to the agreement with the Caribbean American Chamber of Commerce and Industry, Coke Hamilton noted that “This partnership will help us reach out to Diaspora businesses and their networks so they can continue to play a role in the development of the Caribbean – which many in the Diaspora are eager to do.”
The agreement with the Latin Chamber of Commerce will strengthen the region’s efforts to access the markets of the Latin America as well, opening opportunity for partnerships with US-based Latin firms and Latin investors seeking to enter the Caribbean.
The signing of the MOUs formed a part of activities held here, last week, targeting investors in the US market through the hosting of a Caribbean Investment Summit, funded and co-organised by the Inter-American Development Bank.
The signing took place at the recent Caribbean Investment Summit.
Seventeen of the nineteen member countries of the Caribbean Association of Investment Promotion Agencies (CAIPA) participated in the Summit, sharing their investment-ready projects to the more than 100 investors and site selection intermediaries.
The signing of the agreements and the Summit are part of a work program with the Inter-American Development Bank that is being implemented by Caribbean Export, as the Secretariat for the CAIPA.
