Caribbean Export, the leading regional trade and investment promotion agency, has entered into a landmark collaboration with Business France, the National Agency for the promotion and internationalization of the French economy. This strategic partnership aims to stimulate private sector growth in the Caribbean region by fostering a conducive environment for trade and investment between France and the Caribbean.
Through a Memorandum of Understanding (MOU), Caribbean Export and Business France have solidified their commitment to a close and mutually beneficial partnership. The MOU outlines several areas of cooperation designed to advance progress and drive growth for the private sector in the Caribbean.
Exchange of Information: Both parties will actively share information, knowledge, and insights on training, capacity building, technology transfer, and business opportunities. This exchange of data will bridge the gap between France and the Caribbean, providing valuable insights for businesses in both regions.
Technical Collaboration and Best Practices Exchange: Collaboration will extend to enhance the ease of doing business and the effectiveness of their respective organizations. By exchanging technical expertise, knowledge, and training opportunities, growth and competitiveness within the Caribbean region will be encouraged.
Effective Business Promotion: Caribbean Export and Business France will work in tandem to support business delegations, facilitate expert visits for information gathering, and encourage participation in events organized by each party. The collaboration ensures follow-up support for these activities.
Investment and Trade Facilitation: The partnership aims to promote reciprocal investment and the export of services, while also providing facilitation services to investors and exporters. Comprehensive guidance and advice will be offered to potential investors and exporters, forming the cornerstone of this cooperative effort.
Deodat Maharaj, the executive director of Caribbean Export, expressed his enthusiasm for the partnership, highlighting the unlocking of new opportunities and economic growth for Caribbean businesses. He emphasized that this collaboration will create a platform for innovation, trade, and investment, connecting the Caribbean to France.
Philippe Yvergniaux, director for international cooperation at Business France, emphasized the significance of this milestone for the French agency. He believes that the partnership with Caribbean Export will foster trade links between Caribbean and French small and medium-sized enterprises, particularly in the Guadeloupe, Guyane, and Martinique territories.
Caribbean Export is renowned for its commitment to market intelligence, access to finance for export-ready SMEs, and advocating for a business-friendly environment. Business France has a strong track record in developing internationalization for French companies and attracting foreign investment into France. Through this collaboration, both entities will leverage their strengths and expertise to drive private sector growth in the Caribbean, leading to enhanced global competitiveness and economic development.
This strategic partnership between Caribbean Export and Business France marks a significant milestone in the region’s business landscape. It opens doors to numerous opportunities that will benefit both the Caribbean and France, creating a platform for mutual growth.
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