European Union

Caribbean Trade and Private sector development Programme (CTPSDP) Phase Two

The European Union (EU) and Caribbean Export Development Agency (Caribbean Export) formally signed on May 16, 2008 the agreement which brings phase two of the Caribbean Trade and Private Sector Development Programme (CTPSDP) into operation.

EUR 6.883 million of this EUR 7.9M programme has been allocated to Caribbean Export for implementation of specific projects over the next two years.

The main objective of this programme is to contribute to the gradual integration of CARIFORUM countries into the world economy and by so doing enhance regional economic growth and thus help to alleviate poverty.

The programme is to increase the international competitiveness of the private sector in CARIFORUM Member states and to help the potentially more competitive sectors.  It will support improvement of the trade environment as well as the institutional strengthening of business support organisations (BSOs) to enhance the range and quality of services delivered to their members and clients.

The expected results of the project will be:

  1. Increased competitiveness of firms through market expansion and export diversification support.
  2. A vibrant Caribbean Business and Investment Support Network with strengthened Business and Investment Support Organisations
  3. Greater cooperation between the CARIFORUM business sector and that of the French and Dutch Caribbean territories (DOMs and OCTs).
  4. Increased contribution by the Caribbean business sector to the improvement of the regulatory environment for private sector development in the region through the publication of an annual report on the state of the Caribbean regulatory environment for the private sector as well as on regional foreign direct investment (FDI). This report will be presented to an annual meeting of concerned stakeholders.
  5. Assistance with EPA preparation and implementation.