The Caribbean Export Development Agency (Caribbean Export) and the Deutsche Gesellschaft fÃ¼r Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MOU) which focuses on the sustainable implementation of the CARIFORUM-EU Economic Partnership Agreement (EPA). The two organisations will work together to enhance the capacities of Caribbean businesses and their ability to leverage the provision available to them under the EPA.
â€œThe CARIFORUM-EU EPA is a critical trade agreement for our regional exporters. Cooperating with partners such as GIZ supports our ability to really leverage its benefits so our exporters can grow and create much needed jobs for the prosperity of our peopleâ€ shared Deodat Maharaj, Executive Director at Caribbean Export. Caribbean Export has recently released a strategy to support the transformation of the Caribbean which places the enhanced development of the private sector firmly at itâ€™s centre.
The GIZ project entitled â€˜Supporting Sustainability Aspects in the Implementation of EU Economic Partnership Agreements through Critical Observation of their Executionâ€™ continues to support Caribbean businesses uncover new opportunities in global export markets. â€œGIZ continues to value the partnership with the Caribbean Export and the diligent efforts made by both agencies towards building bridges for CARIFORUM and European businesses to meet, invest and do business in these challenging timesâ€ expressed Verena Blickwede, Regional Director at GIZ.
The two organisations have held a productive relationship over the years and collaborated on a number of initiatives including the 4th CARIFORUM-EU Business Forum and the Absolutely Caribbean Virtual Expo most recently. Their continued collaboration will include the monitoring and evaluation of the EPA; supporting investment promotions and the enhancement of the export capacity of the services sector. Plans are already in development for training programmes for national standards bureaus and businesses on packaging and labelling; export missions to international trade shows and technical assistance grants.