2018 March 28 World Diamond Council Executive Director Speaks at Africa-Belgi...Dr Lendy Spires
Marie-Chantal Kaninda, executive director of the World Diamond Council, spoke at the Africa-Belgium Business Week forum about the successful collaboration across the global diamond supply chain. She used the diversity of origins in diamond production, cutting, polishing, and retail as an example of the benefits of global economic integration. Kaninda has over 20 years of experience in Africa and serves on the board of the Diamond Development Initiative. As a representative of the entire diamond industry, the World Diamond Council promotes responsible sourcing through initiatives like the Kimberley Process.
Here are three things I hope to achieve:
1. Provide insightful analysis and recommendations to help address logistical constraints in Sub-Saharan African ports and their hinterlands.
2. Facilitate productive discussions on how to improve infrastructure like roads, railways, and cold storage to better connect ports and regional markets.
3. Offer a balanced perspective on opportunities and challenges with growing trade and investment from countries like China, considering both economic benefits as well as need for responsible partnerships.
Global remittance flows have been steadily increasing each year, reaching $636 billion in 2017. Developing countries received $459 billion that year. The top three remittance receiving countries are in Asia Pacific. Remittance costs have marginally declined but still represent around 8% of transaction amounts. Remittances make up a large portion of GDP for some small countries like Tajikistan, Kyrgyzstan, and Nepal. The European Union remains a major global economy and trading partner despite experiencing an 11% economic contraction during the recent recession period. Europe 2020 aims to promote smart, sustainable and inclusive growth across the region.
The document summarizes the Doha Development Round of trade negotiations within the World Trade Organization (WTO). It discusses that the round aimed to introduce new agreements on trade in services (GATS), investment measures (TRIMS), and intellectual property (TRIPS) but faced resistance from developing countries. Criticisms included that the WTO only benefits wealthy members and the new agreements would allow Western countries to acquire local banks and prevent developing country policies supporting national industries and affordable medicines. The document asks if pushing these agreements is right for developing countries and discusses that the differences between members have increased and reaching consensus will be difficult, but the round could still be salvaged through coordinated strategies and reforms to the WTO's decision-making process.
Startup Fusion Tel Aviv - Final Report - ONEN ConsultancyCagdas ONEN
Final report of the Startup Fusion, a joint startup event organised by ONEN Consultancy (Turkey) - Samurai Incubate and Million Times (Japan) - TheHive by Gvahim (Israel) that brought startups from each country towards a price of 100.000 USD investment
The document discusses sustainable development and trade. It summarizes the key facts about Sustainable Business Australia (SBA) and the World Business Council for Sustainable Development (WBCSD), including their global reach and combined revenues of member companies. It outlines WBCSD's Vision 2050 of supporting 9 billion people living sustainably within planetary boundaries. The agenda discusses leveraging existing partnerships between organizations, utilizing business to bridge sustainable development goals, and harnessing distributed leadership to work towards sustainability.
- Richard Blouse Jr. presented TranslinkeD, the Detroit Regional Chamber's vision to leverage the region's assets into a global logistics hub.
- The region is well-positioned geographically and has strong transportation infrastructure including ports, railways, roads, and airports to connect global trade routes.
- Developing the region as an inland port similar to other successful models could attract billions in investment and jobs by improving capacity to quickly move goods worldwide.
2018 March 28 World Diamond Council Executive Director Speaks at Africa-Belgi...Dr Lendy Spires
Marie-Chantal Kaninda, executive director of the World Diamond Council, spoke at the Africa-Belgium Business Week forum about the successful collaboration across the global diamond supply chain. She used the diversity of origins in diamond production, cutting, polishing, and retail as an example of the benefits of global economic integration. Kaninda has over 20 years of experience in Africa and serves on the board of the Diamond Development Initiative. As a representative of the entire diamond industry, the World Diamond Council promotes responsible sourcing through initiatives like the Kimberley Process.
Here are three things I hope to achieve:
1. Provide insightful analysis and recommendations to help address logistical constraints in Sub-Saharan African ports and their hinterlands.
2. Facilitate productive discussions on how to improve infrastructure like roads, railways, and cold storage to better connect ports and regional markets.
3. Offer a balanced perspective on opportunities and challenges with growing trade and investment from countries like China, considering both economic benefits as well as need for responsible partnerships.
Global remittance flows have been steadily increasing each year, reaching $636 billion in 2017. Developing countries received $459 billion that year. The top three remittance receiving countries are in Asia Pacific. Remittance costs have marginally declined but still represent around 8% of transaction amounts. Remittances make up a large portion of GDP for some small countries like Tajikistan, Kyrgyzstan, and Nepal. The European Union remains a major global economy and trading partner despite experiencing an 11% economic contraction during the recent recession period. Europe 2020 aims to promote smart, sustainable and inclusive growth across the region.
The document summarizes the Doha Development Round of trade negotiations within the World Trade Organization (WTO). It discusses that the round aimed to introduce new agreements on trade in services (GATS), investment measures (TRIMS), and intellectual property (TRIPS) but faced resistance from developing countries. Criticisms included that the WTO only benefits wealthy members and the new agreements would allow Western countries to acquire local banks and prevent developing country policies supporting national industries and affordable medicines. The document asks if pushing these agreements is right for developing countries and discusses that the differences between members have increased and reaching consensus will be difficult, but the round could still be salvaged through coordinated strategies and reforms to the WTO's decision-making process.
Startup Fusion Tel Aviv - Final Report - ONEN ConsultancyCagdas ONEN
Final report of the Startup Fusion, a joint startup event organised by ONEN Consultancy (Turkey) - Samurai Incubate and Million Times (Japan) - TheHive by Gvahim (Israel) that brought startups from each country towards a price of 100.000 USD investment
The document discusses sustainable development and trade. It summarizes the key facts about Sustainable Business Australia (SBA) and the World Business Council for Sustainable Development (WBCSD), including their global reach and combined revenues of member companies. It outlines WBCSD's Vision 2050 of supporting 9 billion people living sustainably within planetary boundaries. The agenda discusses leveraging existing partnerships between organizations, utilizing business to bridge sustainable development goals, and harnessing distributed leadership to work towards sustainability.
- Richard Blouse Jr. presented TranslinkeD, the Detroit Regional Chamber's vision to leverage the region's assets into a global logistics hub.
- The region is well-positioned geographically and has strong transportation infrastructure including ports, railways, roads, and airports to connect global trade routes.
- Developing the region as an inland port similar to other successful models could attract billions in investment and jobs by improving capacity to quickly move goods worldwide.
1. The document summarizes remarks made by South Africa's Minister of Mineral Resources at the 2012 Kimberley Process Intersessional Meeting in Washington DC.
2. It discusses the important role that the Kimberley Process plays in ensuring conflict-free diamond trade and the benefits this brings to developing countries. The KP has been successful in reducing conflict diamonds to less than 1% of the global trade.
3. However, the Minister notes that the KP must continue to evolve and address new challenges. This includes supporting post-conflict countries and transforming diamonds into a symbol of hope. The KP should also consider establishing a permanent secretariat and revising its core documents.
The document discusses Saint Lucia National Development Corporation's efforts to reposition itself and Saint Lucia as an attractive investment destination. It summarizes the Corporation's competitive review study findings that Saint Lucia has a strong investment product. It outlines the Corporation's governance structure and initiatives taken in 2008 to strengthen operations and promote Saint Lucia, such as rebranding efforts. The Corporation aims to engage influential global investors by highlighting Saint Lucia's unique selling points and improving its investment climate.
The document discusses global value chains (GVCs) and their impacts on development. It defines GVCs as production processes that are broken up across countries, with firms specializing in specific tasks rather than whole products. GVC trade features hyperspecialization and durable relationships between firms. While GVCs can boost income and reduce poverty through more productive jobs, gains are unequally distributed across and within countries. Participation also magnifies tax challenges for governments. Overall, GVCs are a powerful force for growth, but countries and workers do not benefit equally.
2013 Opening Plenary Minister Susan Shabangu PublicDr Lendy Spires
1. The Minister of Mineral Resources gave a speech at the Kimberley Process Certification Scheme plenary meeting in Johannesburg, South Africa.
2. She welcomed delegates from various countries and organizations involved in the diamond industry. She noted that 10 years ago the Kimberley Process was on the verge of collapse but through cooperation a constructive path was found.
3. The Minister emphasized the importance of continued cooperation between organizations involved in regulating the diamond industry to ensure conflict-free trade while allowing for economic growth and benefits for producing countries. She supported Angola's candidacy as the next chair of the Kimberley Process.
"ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ" SME Webinar สัมมนาออนไลน์ K SME
SME Webinar สัมมนาออนไลน์
หัวข้อ "ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ"
ชมคลิปสัมมนา - https://youtu.be/3ixKwTs2o0g
กลยุทธ์ เคล็ดลับธุรกิจดีๆ มีให้เรียนได้ไม่รู้จบ
คลิก http://goo.gl/t6i0Nw
K SME ช่วยเต็มที่ SME มีแต่ได้
Kuwait is investing over $100 billion to diversify its economy and move away from reliance on oil revenues. It aims to boost the private sector and return to its historical roots as a Gulf trading center. Kuwait was once a major trading hub due to its port location and quality boat building, but became over-reliant on oil wealth in the 20th century. Now, faced with lower oil prices, Kuwait is promoting private sector growth and foreign investment to strengthen its economy.
The Caribbean Community Regional Aid for Trade Strategy 2013-2015 aims to help CARICOM member states overcome constraints to competitiveness and trade expansion through three strategic goals: 1) Upgrading key economic infrastructure, 2) Enhancing competitiveness and trade diversification, and 3) Deepening regional integration and maximizing gains from trade agreements. The strategy identifies priority areas and "anchor" projects to achieve these goals in maritime transport, ICT, energy, trade facilitation, and private sector development. It also categorizes activities as regional, national-regional, or national to coordinate aid for trade efforts across the Caribbean.
The document discusses the current economic environment and drivers of economic growth in Sub-Saharan Africa. It notes that perceptions of risk in Africa have shifted positively in recent years. Strong economic growth across the region over the past decade has been fueled by increasing political stability, strategic development planning, regional integration efforts, and infrastructure investment. Côte d'Ivoire in particular is highlighted as pursuing business-friendly reforms and allocating a large portion of its budget to investments and poverty reduction initiatives to promote continued economic and social development.
The document summarizes the stakes for Least Developed Countries (LDCs) ahead of the upcoming WTO Ministerial Conference in Nairobi. It includes interviews with the Ambassador of Bangladesh, who is the Coordinator of the LDC Group at the WTO, and the Ambassador of Lesotho, who coordinates the African Group. Both Ambassadors express hope that Nairobi will deliver concrete progress on a development package for LDCs. This would include commitments in areas like cotton, preferential rules of origin, services waiver, duty-free quota-free market access, fisheries, and intellectual property. However, they acknowledge that achieving all LDC objectives may be difficult given the current deadlock in wider WTO negotiations. The
The document discusses evidence on the impact of International Finance Corporation (IFC) tourism investments in Latin America and the Caribbean. It finds that IFC tourism investments have contributed significantly to economic development in the region in 3 key ways:
1) IFC investments in tourism and hospitality projects have helped drive growth of the services sector and national economies in many countries in the region.
2) Resort developments supported by IFC have promoted economic development in less developed regions within countries.
3) Tourism brings substantial benefits to countries through job creation, increased tax revenues, and opportunities for small businesses, helping reduce poverty.
Final press release saturday feb 24 final englishQNB Group
The Institute of International Finance held its annual meeting of Middle Eastern and North African bank CEOs in Doha, Qatar. Over 100 executives from the region's banks attended along with representatives from global firms. The meeting included discussions on challenges facing the financial industry in the region due to political turmoil and the global economy. Speakers commented on diverging economic performance between countries experiencing political change and oil-exporting nations. Qatar was highlighted as continuing to achieve high growth while diversifying its economy.
The document provides information about BRICS, which is an association of five major emerging economies: Brazil, Russia, India, China and South Africa. It discusses the formation of BRICS, its objectives to promote cooperation in business, politics and culture. It also summarizes the focus of BRICS forums on issues like development banking, leadership, technology, trade and highlights some key economic statistics of BRICS nations.
The document discusses the Office of Trade Negotiations (OTN), which was established by Caribbean governments to help the region competitively position itself in the changing global trade environment. The OTN has offices in Barbados and Jamaica to negotiate trade agreements and advocate for Caribbean interests. International trade affects daily life through prices, jobs, investment, and economic growth. While trade opens opportunities, smaller countries face challenges from trade liberalization and preference erosion. The OTN works to ensure Caribbean countries benefit from trade relationships.
The impact of the global economic crises and trajectories for transformation ...Costy Costantinos
The study aims to answer the following questions. What are the trajectories of the recent financial, economic and livelihood crises? What is their impact on the global welfare? What options are there to stem the tide? The study objective is hence to identify the impact of the recent financial, economic and livelihood crises and options to stem the tide on the Afro-Arab continent...
The document discusses the Office of Trade Negotiations (OTN) which assists Caribbean countries in navigating international trade relationships. Specifically:
1) The OTN has offices in Barbados and Jamaica to help Caribbean nations negotiate trade agreements and address challenges from trade liberalization and preference erosion.
2) Rapid globalization has increased competition for Caribbean exports, so the OTN helps Caribbean countries adjust their economies to take advantage of trade opportunities and flexibility in the global market.
3) By cultivating external trade relationships, the OTN aims to position Caribbean economies competitively in order to maximize long-term trade and development benefits for the region.
The document discusses proceedings from the 2009 Global Competitiveness Forum held in Riyadh, Saudi Arabia. It provides an overview of the forum's topics and sessions which centered around achieving "responsible competitiveness" in areas such as markets, energy, food, talent, and the global economic crisis. Key discussions involved balancing short-term economic needs with long-term priorities like sustainability, innovation, and developing human capital. The forum aimed to promote cooperation between governments and businesses to restore shared prosperity in a sustainable manner.
The diamond development initiative can you dig itDr Lendy Spires
The Diamond Development Initiative (DDI) was established in 2005 to address challenges in delivering developmental benefits from diamond mining to local communities, particularly artisanal miners. The DDI focuses on improving the governance and conditions in the production and sale of diamonds within producing countries in Africa. It aims to gather information, promote better regulation and market access for artisanal miners, and increase participation among governments, donors, industry and NGOs. The DDI seeks to address exploitative labor conditions, lack of infrastructure and information, health and environmental impacts, and security issues surrounding artisanal alluvial diamond mining in Africa.
GTDW Dubai Program 2017 | Intercontinental Festival City, Dubai, UAE | 30th O...Andrew Keable
On behalf of Ministry of Economy, UAE & Federal Customs Authority UAE we are delighted to share the updates for GTDW Dubai this October and welcome you to join 1500 international business & government trade, customs & finance leaders in Dubai this October – please note that space for the Dubai edition are now limited.
BBC NEWS TALKING BUSINESS: MIDDLE EAST TRADE SPECIAL REPORT @ GTDW DUBAI
BBC News will be recording a special edition of the program “Talking Business” as part of GTDW Dubai this October. The special edition on ‘Middle East Trade’ will be filmed as part of the GTDW Ministers & Trade Leaders Summit on 30th October in Dubai. Presented by Ben Thompson, BBC Correspondent the program will feature live interviews and sections of the GTDW program and exhibition.
GTDW EXHIBITION & SPONSORSHIP
GTDW Exhibition & partnerships are now limited – if your organisation would like to exhibit products, services and solutions for trade, customs & finance please contact jackp@kwconfex.com basic exhibition table top starts from $6750 and includes 2 delegate passes – Sponsorship & program participation (limited) is available from $12,000.
SPONSORSHIP & EXHIBITION GUIDE: https://docs.wixstatic.com/ugd/c58b79_86595d43455746e399c3d0feb2c66f33.pdf
Visit: www.kwglobaltrade.com for details
Saudi Real Estate sector - Poised for lift offJiten Garg
The document provides an overview of the real estate sector in Saudi Arabia. It discusses several growth drivers that are poised to boost the Saudi real estate market, including rapid population growth, with over 78% of the population under 40 years old. The government's "10x10 Vision" aims to make Saudi Arabia one of the top 10 most competitive countries by 2010 through reforms that will boost economic competitiveness and attract foreign investment. Key real estate sectors like residential, commercial, retail, and industrial are expected to see significant growth due to increasing demand from the youthful population and massive infrastructure investment. Overall, the fundamentals indicate the Saudi real estate market is well positioned for growth despite the global economic slowdown.
Presentation delivered by CDB's President (Ag.), Mr. Isaac Solomon, President (Ag.) at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Presentation delivered by CDB's Director of Economics, Mr. Ian Durant at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
More Related Content
Similar to President's Statement - 47th Annual Meeting of the Board of Governors of CDB
1. The document summarizes remarks made by South Africa's Minister of Mineral Resources at the 2012 Kimberley Process Intersessional Meeting in Washington DC.
2. It discusses the important role that the Kimberley Process plays in ensuring conflict-free diamond trade and the benefits this brings to developing countries. The KP has been successful in reducing conflict diamonds to less than 1% of the global trade.
3. However, the Minister notes that the KP must continue to evolve and address new challenges. This includes supporting post-conflict countries and transforming diamonds into a symbol of hope. The KP should also consider establishing a permanent secretariat and revising its core documents.
The document discusses Saint Lucia National Development Corporation's efforts to reposition itself and Saint Lucia as an attractive investment destination. It summarizes the Corporation's competitive review study findings that Saint Lucia has a strong investment product. It outlines the Corporation's governance structure and initiatives taken in 2008 to strengthen operations and promote Saint Lucia, such as rebranding efforts. The Corporation aims to engage influential global investors by highlighting Saint Lucia's unique selling points and improving its investment climate.
The document discusses global value chains (GVCs) and their impacts on development. It defines GVCs as production processes that are broken up across countries, with firms specializing in specific tasks rather than whole products. GVC trade features hyperspecialization and durable relationships between firms. While GVCs can boost income and reduce poverty through more productive jobs, gains are unequally distributed across and within countries. Participation also magnifies tax challenges for governments. Overall, GVCs are a powerful force for growth, but countries and workers do not benefit equally.
2013 Opening Plenary Minister Susan Shabangu PublicDr Lendy Spires
1. The Minister of Mineral Resources gave a speech at the Kimberley Process Certification Scheme plenary meeting in Johannesburg, South Africa.
2. She welcomed delegates from various countries and organizations involved in the diamond industry. She noted that 10 years ago the Kimberley Process was on the verge of collapse but through cooperation a constructive path was found.
3. The Minister emphasized the importance of continued cooperation between organizations involved in regulating the diamond industry to ensure conflict-free trade while allowing for economic growth and benefits for producing countries. She supported Angola's candidacy as the next chair of the Kimberley Process.
"ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ" SME Webinar สัมมนาออนไลน์ K SME
SME Webinar สัมมนาออนไลน์
หัวข้อ "ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ"
ชมคลิปสัมมนา - https://youtu.be/3ixKwTs2o0g
กลยุทธ์ เคล็ดลับธุรกิจดีๆ มีให้เรียนได้ไม่รู้จบ
คลิก http://goo.gl/t6i0Nw
K SME ช่วยเต็มที่ SME มีแต่ได้
Kuwait is investing over $100 billion to diversify its economy and move away from reliance on oil revenues. It aims to boost the private sector and return to its historical roots as a Gulf trading center. Kuwait was once a major trading hub due to its port location and quality boat building, but became over-reliant on oil wealth in the 20th century. Now, faced with lower oil prices, Kuwait is promoting private sector growth and foreign investment to strengthen its economy.
The Caribbean Community Regional Aid for Trade Strategy 2013-2015 aims to help CARICOM member states overcome constraints to competitiveness and trade expansion through three strategic goals: 1) Upgrading key economic infrastructure, 2) Enhancing competitiveness and trade diversification, and 3) Deepening regional integration and maximizing gains from trade agreements. The strategy identifies priority areas and "anchor" projects to achieve these goals in maritime transport, ICT, energy, trade facilitation, and private sector development. It also categorizes activities as regional, national-regional, or national to coordinate aid for trade efforts across the Caribbean.
The document discusses the current economic environment and drivers of economic growth in Sub-Saharan Africa. It notes that perceptions of risk in Africa have shifted positively in recent years. Strong economic growth across the region over the past decade has been fueled by increasing political stability, strategic development planning, regional integration efforts, and infrastructure investment. Côte d'Ivoire in particular is highlighted as pursuing business-friendly reforms and allocating a large portion of its budget to investments and poverty reduction initiatives to promote continued economic and social development.
The document summarizes the stakes for Least Developed Countries (LDCs) ahead of the upcoming WTO Ministerial Conference in Nairobi. It includes interviews with the Ambassador of Bangladesh, who is the Coordinator of the LDC Group at the WTO, and the Ambassador of Lesotho, who coordinates the African Group. Both Ambassadors express hope that Nairobi will deliver concrete progress on a development package for LDCs. This would include commitments in areas like cotton, preferential rules of origin, services waiver, duty-free quota-free market access, fisheries, and intellectual property. However, they acknowledge that achieving all LDC objectives may be difficult given the current deadlock in wider WTO negotiations. The
The document discusses evidence on the impact of International Finance Corporation (IFC) tourism investments in Latin America and the Caribbean. It finds that IFC tourism investments have contributed significantly to economic development in the region in 3 key ways:
1) IFC investments in tourism and hospitality projects have helped drive growth of the services sector and national economies in many countries in the region.
2) Resort developments supported by IFC have promoted economic development in less developed regions within countries.
3) Tourism brings substantial benefits to countries through job creation, increased tax revenues, and opportunities for small businesses, helping reduce poverty.
Final press release saturday feb 24 final englishQNB Group
The Institute of International Finance held its annual meeting of Middle Eastern and North African bank CEOs in Doha, Qatar. Over 100 executives from the region's banks attended along with representatives from global firms. The meeting included discussions on challenges facing the financial industry in the region due to political turmoil and the global economy. Speakers commented on diverging economic performance between countries experiencing political change and oil-exporting nations. Qatar was highlighted as continuing to achieve high growth while diversifying its economy.
The document provides information about BRICS, which is an association of five major emerging economies: Brazil, Russia, India, China and South Africa. It discusses the formation of BRICS, its objectives to promote cooperation in business, politics and culture. It also summarizes the focus of BRICS forums on issues like development banking, leadership, technology, trade and highlights some key economic statistics of BRICS nations.
The document discusses the Office of Trade Negotiations (OTN), which was established by Caribbean governments to help the region competitively position itself in the changing global trade environment. The OTN has offices in Barbados and Jamaica to negotiate trade agreements and advocate for Caribbean interests. International trade affects daily life through prices, jobs, investment, and economic growth. While trade opens opportunities, smaller countries face challenges from trade liberalization and preference erosion. The OTN works to ensure Caribbean countries benefit from trade relationships.
The impact of the global economic crises and trajectories for transformation ...Costy Costantinos
The study aims to answer the following questions. What are the trajectories of the recent financial, economic and livelihood crises? What is their impact on the global welfare? What options are there to stem the tide? The study objective is hence to identify the impact of the recent financial, economic and livelihood crises and options to stem the tide on the Afro-Arab continent...
The document discusses the Office of Trade Negotiations (OTN) which assists Caribbean countries in navigating international trade relationships. Specifically:
1) The OTN has offices in Barbados and Jamaica to help Caribbean nations negotiate trade agreements and address challenges from trade liberalization and preference erosion.
2) Rapid globalization has increased competition for Caribbean exports, so the OTN helps Caribbean countries adjust their economies to take advantage of trade opportunities and flexibility in the global market.
3) By cultivating external trade relationships, the OTN aims to position Caribbean economies competitively in order to maximize long-term trade and development benefits for the region.
The document discusses proceedings from the 2009 Global Competitiveness Forum held in Riyadh, Saudi Arabia. It provides an overview of the forum's topics and sessions which centered around achieving "responsible competitiveness" in areas such as markets, energy, food, talent, and the global economic crisis. Key discussions involved balancing short-term economic needs with long-term priorities like sustainability, innovation, and developing human capital. The forum aimed to promote cooperation between governments and businesses to restore shared prosperity in a sustainable manner.
The diamond development initiative can you dig itDr Lendy Spires
The Diamond Development Initiative (DDI) was established in 2005 to address challenges in delivering developmental benefits from diamond mining to local communities, particularly artisanal miners. The DDI focuses on improving the governance and conditions in the production and sale of diamonds within producing countries in Africa. It aims to gather information, promote better regulation and market access for artisanal miners, and increase participation among governments, donors, industry and NGOs. The DDI seeks to address exploitative labor conditions, lack of infrastructure and information, health and environmental impacts, and security issues surrounding artisanal alluvial diamond mining in Africa.
GTDW Dubai Program 2017 | Intercontinental Festival City, Dubai, UAE | 30th O...Andrew Keable
On behalf of Ministry of Economy, UAE & Federal Customs Authority UAE we are delighted to share the updates for GTDW Dubai this October and welcome you to join 1500 international business & government trade, customs & finance leaders in Dubai this October – please note that space for the Dubai edition are now limited.
BBC NEWS TALKING BUSINESS: MIDDLE EAST TRADE SPECIAL REPORT @ GTDW DUBAI
BBC News will be recording a special edition of the program “Talking Business” as part of GTDW Dubai this October. The special edition on ‘Middle East Trade’ will be filmed as part of the GTDW Ministers & Trade Leaders Summit on 30th October in Dubai. Presented by Ben Thompson, BBC Correspondent the program will feature live interviews and sections of the GTDW program and exhibition.
GTDW EXHIBITION & SPONSORSHIP
GTDW Exhibition & partnerships are now limited – if your organisation would like to exhibit products, services and solutions for trade, customs & finance please contact jackp@kwconfex.com basic exhibition table top starts from $6750 and includes 2 delegate passes – Sponsorship & program participation (limited) is available from $12,000.
SPONSORSHIP & EXHIBITION GUIDE: https://docs.wixstatic.com/ugd/c58b79_86595d43455746e399c3d0feb2c66f33.pdf
Visit: www.kwglobaltrade.com for details
Saudi Real Estate sector - Poised for lift offJiten Garg
The document provides an overview of the real estate sector in Saudi Arabia. It discusses several growth drivers that are poised to boost the Saudi real estate market, including rapid population growth, with over 78% of the population under 40 years old. The government's "10x10 Vision" aims to make Saudi Arabia one of the top 10 most competitive countries by 2010 through reforms that will boost economic competitiveness and attract foreign investment. Key real estate sectors like residential, commercial, retail, and industrial are expected to see significant growth due to increasing demand from the youthful population and massive infrastructure investment. Overall, the fundamentals indicate the Saudi real estate market is well positioned for growth despite the global economic slowdown.
Presentation delivered by CDB's President (Ag.), Mr. Isaac Solomon, President (Ag.) at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Presentation delivered by CDB's Director of Economics, Mr. Ian Durant at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Presentation delivered by CDB's Director of Projects, Mrs. Therese Turner-Jones at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
This document outlines the agenda for a conference on building resilience in Caribbean infrastructure. The agenda includes sessions on introductions and rules of engagement, presenting project timelines, defining lessons learned and how to ensure they are captured, examining critical project knowledge, reviewing knowledge tools used during different project stages, and showcasing exemplar projects. The goal is to help participants and organizations learn from both successes and failures in infrastructure projects in order to continuously improve performance and processes. Communication with all stakeholders and viewing projects as opportunities for growth are emphasized.
The document discusses the impacts of climate change on the construction sector in the Caribbean region and the need for climate resilience standards and regulations. It notes that small increases in global temperature can have large consequences and highlights increasing hurricane and rainfall intensities as threats. It provides historical data on hurricanes and summaries of climate modeling projections showing increases in more intense storms and rainfall changes. The need to consider these impacts in infrastructure design, through factors like higher wind speeds and more extreme rainfall events, is emphasized.
Current state of the National Quality Infrastructure (NQI) in Saint Lucia rel...Caribbean Development Bank
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
PAHO Smart Hospitals Toolkit to Build Resilience in the Health Infrastructure...Caribbean Development Bank
This document provides an overview of the PAHO Smart Hospitals initiative from 2017-2023. The initiative aims to improve the resilience of critical health infrastructure in Latin America and the Caribbean to withstand multiple hazards through retrofitting existing facilities and building new smart hospitals. Key aspects included strengthening structures, reducing energy and water use through renewable technologies, and conducting vulnerability assessments of over 400 facilities in 7 countries. The results demonstrated increased safety ratings, reduced operational costs through energy and water savings, and facilities that were better able to function during and after disasters.
Keynote: From Structural Vulnerability to Resilient Prosperity in Small Islan...Caribbean Development Bank
Keynote address delivered by Dr Emily Wilkinson, Senior Research Fellow and Director, Resilient and Sustainable Islands Initiative, ODI at UK Caribbean Infrastructure Conference in November 2023.
This document provides a template for collecting and sharing stories and experiences from field work. It includes prompts to help storytellers describe their trip, important sights and sounds witnessed, insights gained, and ideas for future work inspired by the experience. Storytellers are encouraged to share meaningful quotes, photos, conversations, and lessons learned to help others understand what they experienced and care about. The goal is to thoughtfully communicate one's impressions to recreate experiences, inspire innovation and change perspectives.
National Quality Infrastructure (NQI) and associated control mechanisms for t...Caribbean Development Bank
This document appears to be a slide deck presentation on the topic of national quality infrastructure (NQI) and its application to the construction sector. It defines NQI as the system of organizations, policies, legal frameworks, and practices needed to support quality, safety and environmental standards for goods and services. It outlines the five conventional elements of NQI as standards, conformity assessment, accreditation, metrology, and market surveillance/customs. The presentation notes the benefits of NQI for market access and trade and discusses considerations for each NQI element and its role in technical regulations and quality control for the construction industry.
Frederick Levy is Turner & Townsend's Rail Sector Lead and directs the setup, transition and recovery of infrastructure programmes. He has over 15 years of experience across infrastructure delivery from academia, design and client organisations. He supported updating the UK Government's Project Routemap toolkit for major programme setup, training industry leaders and deploying the tool across programmes. Most recently, he has guided the setup of major rail electrification and urban mass transit programmes with a focus on decision making, organising and wellbeing.
The document provides an agenda and overview for a masterclass training on the IPA Project Routemap methodology. The training aims to help participants understand how Routemap can be applied to identify capability needs for complex infrastructure projects. It discusses the Routemap modules, case studies of international applications, and the multi-step process for conducting a Routemap assessment. The document also outlines the roles involved and how Routemap fits within the overall project lifecycle and setup tools.
The UK experience in using the 5 Case Model approach for the preparation, a...Caribbean Development Bank
The document provides an overview of the 5 Case Model approach used in the UK for preparing, appraising, and approving infrastructure investment proposals. It discusses the genesis and characteristics of the 5 Case Model, which includes the Strategic Case, Economic Case, Commercial Case, Financial Case, and Management Case. Each case is developed iteratively through three main stages: the Strategic Outline Case, Outline Business Case, and Full Business Case. The 5 Case Model provides a standardized, structured process for transparently selecting and delivering projects that offer the best value for money. It has been internationally recognized as a leading practice and adopted by several countries and organizations.
UK Experience in Infrastructure Development: from planning and prioritisatio...Caribbean Development Bank
This document summarizes a presentation given by Javier Encinas from the UK Infrastructure and Projects Authority at a UK-Caribbean infrastructure conference on infrastructure development in the UK. The presentation covered three main recommendations for infrastructure development: 1) Develop a solid and flexible institutional framework; 2) Adopt a whole project lifecycle approach from planning through delivery and monitoring; 3) Develop a standardized, coherent infrastructure system. Key aspects of each recommendation were discussed in further detail.
The document summarizes the role and activities of the UK Infrastructure and Projects Authority (IPA). The IPA sits at the heart of the UK government and works to support successful delivery of infrastructure projects through expertise in areas like engineering, law, finance, and project management. It provides services across the project lifecycle like governance support, construction oversight, commercial and financial advice, and business transformation assistance. The IPA also works internationally to build infrastructure capacity and share best practices with over 60 countries.
The document discusses food security challenges in the Caribbean exacerbated by climate change and the COVID-19 pandemic. It outlines the Caribbean Development Bank's (CDB) strategic pillars to build production, social, and environmental resilience. Key issues include high food import dependence, lack of investment in local agriculture, and over half the population unable to afford a healthy diet. The document advocates for climate smart agriculture, food sovereignty, and collaborative partnerships to address interlinked challenges of food security and climate change. It concludes financial leadership and access to concessional funding are needed to support related projects like community-based agriculture in Haiti and climate smart initiatives in Grenada and Belize.
Despite the well-recognised potential for, and steps to promote, energy efficiency progress in deployment has been slow.
Scaling up an integrated utility service model presents an opportunity for the utility to become a player within the emerging energy service paradigm in the region.
The document summarizes the economic performance of Caribbean countries in 2022 and provides an outlook for 2023. It notes that while regional growth was over 10% in 2022, it was tempered by global uncertainty. Inflation increased across the region due to rising commodity and food prices. CDB approved over $158 million in grants and loans in 2022 and disbursed $292.5 million to support projects in areas like education, agriculture, and disaster risk management. The economic outlook projects regional growth of 5.7% in 2023, though risks like higher interest rates and weaker remittance flows remain. CDB is committed to building resilience through support for debt management, social protection, private sector development,
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Call8328958814 satta matka Kalyan result satta guessing➑➌➋➑➒➎➑➑➊➍
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
6. AN
APPROPRIATE
CARIBBEAN
RESPONSE
These islands did not
start on the federal
road in a fit of
idleness. They started
because it was clear
that a Federation is
the only possible
solution to their
problems.
SIR ARTHUR LEWIS
NOBEL LAUREATE AND THE
FIRST PRESIDENT OF CDB
9. INTEGRATION
PROGRESS
IN THE
CARIBBEAN
Benefits to member
states, especially
from functional
cooperation in
health, education,
security, disaster
mitigation and in the
provision of
common services
across human and
social activity have
been significant and
sustained.
13. AN EXAMPLE
FROM ANOTHER
REGION
Studies show that regional trade agreements
can positively affect foreign direct investment.
Evidence points to substantial improvement
in the investment environment following the
implementation of the 1998 Framework
Agreement on the ASEAN Investment Area.
▼
14. SHARE OF
GLOBAL NET
FDI INFLOWS
0
1
2
3
4
5
6
7
8
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%
CARICOM ASEAN
Source: The World Bank
15. WHEN THEY
TURN INWARD,
WE TURN
OUTWARD
Small economies with small populations
and similar natural endowments are
capable of creating a dynamic intra-
regional trading bloc as a stepping stone
to a wider international marketplace.
16. WHEN THEY
TURN INWARD,
WE TURN
OUTWARD
Trade
The exchange of goods and
services, not just merchandise
trade.
17. WHEN THEY
TURN INWARD,
WE TURN
OUTWARD
Service-based industries
started to lead the integration
process.
18. WHEN THEY
TURN INWARD,
WE TURN
OUTWARD
The regionalisation of
Caribbean conglomerates was
inevitable.
20. CULTURAL
INDUSTRIES
Will get larger as the regional tourist
industry continues to grow.
Music festivals and carnivals are now a
growth industry in many Caribbean
countries.
▼
21. TOURISM Caribbean tourism
is the largest
earner of foreign
exchange, and the
biggest employer
of local and
regional labour in
most CARICOM
countries.
24. GETTING THE
ENABLING
ENVIRONMENT
RIGHT
As our Region faces the threat of some of our
traditional development and trading partners
turning inwards, the Caribbean can mitigate that
risk by turning outwards.
25. GETTING THE
ENABLING
ENVIRONMENT
RIGHT
The mere removal of restrictions
doth not a single market make.
The removal of such restrictions has not resulted in a
sufficiently meaningful improvement in market access.
26. GETTING THE
ENABLING
ENVIRONMENT
RIGHT
The mere removal of restrictions
doth not a single market make.
The removal of such restrictions have not resulted in a
sufficiently meaningful improvement in market access.
▼
The Movement of Factor Act, which removes barriers
to the rights of establishment, has not been enacted in
many member states.
27. GETTING THE
ENABLING
ENVIRONMENT
RIGHT
The mere removal of restrictions
doth not a single market make.
The removal of such restrictions have not resulted in a
sufficiently meaningful improvement in market access.
▼
The Movement of Factor Act, which removes barriers
to the rights of establishment, has not been enacted in
many member states.
▼
In 1995, CARICOM Heads of Government finally
agreed to the free movement, and consequent
elimination of the need for work permits for a limited
group of skilled workers.
Madam Chair
Governor of the Turks and Caicos Islands
Honourable Prime Ministers, Premiers and Chief Minister
Members of Parliament
Members of the Board of Governors and of the Board of Directors of the Caribbean Development Bank (CDB)
Members of the Diplomatic Corps
Management and Staff of the CDB
Distinguished Delegates, Observers and Guests
Members of the Media
Ladies and Gentlemen
On May 4th this year, the Management and Staff of the Caribbean Development Bank (CDB) welcomed the new Premier of the Turks and Caicos Islands (TCI), the Honourable Sharlene Cartwright-Robinson, to our headquarters in Barbados. In her capacity as Chair of CDB’s Board of Governors, the Premier took the opportunity, to share with the Management and Staff, her vision of people-centred development for her country – an approach which has also been embraced by our Bank and the wider development fraternity.
Madam Premier, we were all inspired by your spirit of optimism and determination to make a difference in the lives of the people of TCI during your tenure as leader of your country. Please be assured that the Government and people of the TCI will continue to have the Bank’s full support.
Thank you also, for hosting the 47th Annual Meeting of the CDB. We deeply appreciate your generosity. Already, we feel overwhelmed by the warm welcome and courtesies extended since we arrived in the spectacularly beautiful island of Providenciales. Under your Chairmanship, we are confident that our deliberations, this week, will be fruitful. [SWITCH SLIDES]
The Meeting of the our Board of Governors takes place against the backdrop of an uncertain global environment that has the potential to derail the modest and tentative return to growth being experienced by our borrowing member countries (BMCs). [SWITCH SLIDES]
Although showing signs of increased buoyancy, global growth remains below pre-crisis levels; and productivity growth is low. Both are largely explained by weak productive investment. The slowdown in the rate of investment is a major constraint to global trade, which continued to decline in 2016, albeit at a slower pace. Undoubtedly, this served to propagate and reinforce the global slump in investment and, in turn, to stymie productivity growth.
This is the vicious cycle and context within which our borrowing member countries must chart a path forward.
The prolonged period of weak global economic performance has contributed to the growing discontent with the inequitable distribution of costs and benefits of globalisation and international trade. This trend has strengthened the appeal of protectionism and inward-looking policies in several developed countries. [SWITCH SLIDES]
On the current trajectory, it is imperative that our Region continues to craft bold and innovative strategies to ensure that progress towards the 2030 Sustainable Development Goals remains on track.
In the face of this emerging reality, what would be an appropriate response for Caribbean countries? [SWITCH SLIDES]
I will argue this morning, that “as they turn inward, we must turn outward!” Our focus must now be on fully exploiting the opportunities for deepening trade and investment within existing and new regional markets. That is, CARICOM must become the stepping stone to penetrating those non-CARICOM markets which still recognise international trade as a powerful underpinning for dynamic economic growth.
Not surprisingly, Sir Arthur Lewis, Nobel Laureate and the first President of CDB, appreciated the inevitability of a regional solution for the Caribbean. [SWITCH SLIDES]
In 1965 he wrote, with his characteristic candor:
“[T]hese islands did not start on the federal road in a fit of idleness. They started because it was clear that a Federation is the only possible solution to their problems.”
Admittedly, the high bar of a Caribbean Federation is probably not a realistic prospect in my life time. [SWITCH SLIDES]
But, the Region has made progress in other forms of integration, such as the Caribbean Free Trade Association in 1968; the Caribbean Community (CARICOM) and Common Market in 1973; and the CARICOM Single Market and Economy (CSME), which is just over 15 years old. CARICOM is designed to promote the development of the Region through economic integration, functional and regional security cooperation, and foreign policy coordination.
Functional cooperation predates CARICOM and is, perhaps, the best illustration of the value of a regional approach to development. In 1948, the establishment of the University College of the West Indies (now the University of the West Indies (UWI)) was the earliest form of regional cooperation in higher education. Most will agree with the transformative effects of UWI through its pioneering research in several fields and by consistently producing regional leaders in every sphere of social, political and economic life. [SWITCH SLIDES]
The actual value of the UWI’s contribution could not have been paid for by any one CARICOM country, acting on its own. [SWITCH SLIDE]
The takeaway, here, is that the benefits that have accrued to member states, especially from functional cooperation in health, education, security, disaster mitigation and in the provision of common services across a wide range of human and social activity have been significant and, most importantly, sustained. The furtherance of functional cooperation and the enhancement of the provision of common services are most relevant within the context of the fiscal crisis confronting a number of Caribbean Governments.
But, Madame Chair, Ladies and Gentlemen, improving functional cooperation will not on its own, resolve the development challenges facing our Region. [SWITCH SLIDES]
Our economies need to grow; and they need to do so in a sustained way.
For this growth to become a reality, the highest priority must be given to improving the competitiveness of our economies through building a business-friendly environment.
In that type of environment, enterprises will be incentivised to invest in productivity enhancing employees and technologies, thereby enabling them to engage in regional and international trade.
This has been our refrain for some time, and will feature prominently in my presentation this morning, and in our discussions for the remainder of this meeting. [SWITCH SLIDES]
Businesses which cannot compete cannot trade. And small economies which cannot trade in goods and services will not grow and be able to provide sustainable livelihoods for Caribbean people!
But, how do we explain this faith in regional connectivity to drive trade and economic growth? Where is the evidence of its efficacy?
Successive studies have yielded mixed results on the question of a causal link between regional integration and economic growth. However, there is supporting evidence of a positive correlation between regional integration and the constituent variables of economic growth, such as investment, trade and competitiveness. This correlation is simply too strong for us to ignore the transformative possibilities which can derive from deeper Caribbean economic integration. [SWITCH SLIDES]
Several studies, including one done by the National University of Singapore, have concluded that regional trade agreements can positively affect foreign direct investment (FDI). This impact occurs directly through investment provisions, and indirectly through trade liberalisation. [SWITCH SLIDES]
The available evidence points to substantial improvement in the investment environment following the implementation of the 1998 Framework Agreement on the ASEAN Investment Area. This Framework was designed to make ASEAN a competitive, conducive and liberal area for investment.
Further, increased intra-regional trade was encouraged as ASEAN investors began to receive the same treatment as local investors and as their access to local industries rose.
Such reforms led to increased investment into the ASEAN countries as well as stimulated exports and imports, generally. [SWITCH SLIDES]
ASEAN’s share in global FDI inflows rose from less than 2% in 2000, to nearly 5% in the mid-2000s and exceeded 6% in 2015, while total trade in the region almost doubled over the same period.
Admittedly, the ASEAN integration process has taken place in a very different part of the world, and involves much larger countries. However, its integration framework is, in some respects, less advanced than CARICOM’s. Yet, ASEAN has achieved much better results than CARICOM in attracting investment flows, and in expanding intra- and extra-regional trade.
How then do we give real meaning to “when they turn inward, we turn outward?” [SWITCH SLIDE]
Is it a pipedream to believe that small economies with small populations and similar natural endowments are capable of creating a dynamic intra-regional trading bloc as a stepping stone to a wider international marketplace?
What are some of the issues which need to be addressed to ensure that a strategy of regional connectivity can be the best pathway to economic prosperity for Caribbean people?
I will address each of these questions before closing my statement, this morning. [SWITCH SLIDES]
First, we need to realise that, when we speak of “trade”, we are referring to the exchange of goods and services, not just merchandise trade. In a very insightful piece published in 2003, the late Dr. Trevor Farrell, former UWI Professor of Economics, observed that the first 30 years of CARICOM “often seemed to be a labour of Sisyphus.” [SWITCH SLIDES]
However, he acknowledged that, in subsequent years, a shift had begun to take place, with service-based industries starting to lead the integration process.
Dr. Farrell was referring to the regionalisation of Caribbean enterprises and the emergence of Caribbean multinationals alongside the growth of intra-regional portfolio investment and the evolution of a regional capital market. This development has continued apace, especially in tourism and financial services as well as in light manufacturing and retail industries. As Dr. Farrell pointed out, “…virtually all of the major conglomerates operate regionally.” [SWITCH SLIDES]
For me, the regionalisation of Caribbean conglomerates was inevitable. This was, in part because of the small size of their domestic markets, and, partly, because of the need to manage risk through portfolio and geographic diversification. What has subsequently happened is that many of these firms are becoming sufficiently competitive to expand into the international marketplace in pursuit of growth, further diversification, and increased profitability.
This outcome is good for the Caribbean and critical to our Region’s development.
What is happening on the large conglomerate side of the Caribbean economy is also beginning to grow in the much smaller cultural industries, especially in the areas of music and other forms of entertainment. [SWITCH SLIDES]
Music festivals and carnivals are now a growth industry in many Caribbean countries, attracting regional as well as extra-regional participants. Individual artistes and large carnival bands perform in the many musical events that take place across the Caribbean and much further afield on virtually every continent. Increasingly, these artistes and their management and production teams are leveraging social media and creatively utilising digital platforms to expand their market reach. [SWITCH SLIDES]
This industry will only get larger as the regional tourist industry continues to grow. [SWITCH SLIDES]
Caribbean tourism is the largest earner of foreign exchange, and the biggest employer of local and regional labour in most CARICOM countries. Tourism is a service industry, which requires a vast array of inputs in order to meet the needs of its customers. [SWITCH SLIDES]
Apart from the demand for entertainers, the typical Caribbean hotel or attraction needs huge quantities of food, alcohol, fruit juices, furniture and other inputs to be able to be competitive.
This large export industry represents an opportunity not only for the local agriculture and other merchandise sectors, but also for regional producers of these goods. The reasons for the now large non-Caribbean import content in the regional tourist industry are legion; but can be traced principally to antiquated and, therefore, uncompetitive production practices, primarily in agriculture. The inefficiency of the logistics arrangements, notably in aviation and shipping, only exacerbates the challenge. [SWITCH SLIDES]
Nevertheless, the prospect of increased intra-regional trade in agriculture and of creating strong agro-tourism linkages remains enormous. [SWITCH SLIDES]
This morning, I have sought to establish that, as our Region faces the threat of some of our traditional development and trading partners turning inwards, the Caribbean can mitigate that risk by turning outwards. This strategy is based on the premise that a closer embrace of CARICOM opens up the prospect for increasing trade, foreign exchange earnings and employment opportunities, principally for our trained young people.
The attractiveness of this strategy is substantiated by the achievements of several large, medium and small Caribbean enterprises, which have grown their businesses by moving cross-border to other regional and international markets.
However, for this strategy to work, the arrangements which are enshrined in the Revised Treaty of Chaguaramas have to be perfected.
Let me speak to some of the more urgent matters.
Most of the CARICOM jurisdictions have enacted the provisions to remove over 450 legal and administrative barriers that initially stood in the way of the free movement of goods, services, capital and labour in the Region. [SWITCH SLIDES]
The reality, though, is that the mere removal of restrictions doth not a single market make!
First, the removal of such restrictions have not resulted in a sufficiently meaningful improvement in market access. This is because fundamental challenges still remain in the application of rules of origin, trade facilitation, the Common External Tariff, non-tariff barriers and the resolution of disputes. [SWITCH SLIDES]
Second, the Movement of Factor Act, which removes barriers to the rights of establishment, has not been enacted in many member states. The establishment of a single jurisdiction to allow for the equal treatment of business entities across CARICOM has also not been implemented. These are important mechanisms for supporting the development of regional enterprises by removing requirements for alien landholding licenses, for example, and eliminating the need for registering a CARICOM business in every jurisdiction in which it wishes to operate. Such actions add to the cost of doing business, both in terms of time and monetary value. They also hamper the extent to which some CARICOM businesses can penetrate regional markets. [SWITCH SLIDES]
Third, in 1995 CARICOM Heads of Government finally agreed to the free movement, and consequent elimination of the need for work permits for a limited group of skilled workers, that is, Selective Free Movement. [SWITCH SLIDES]
Over twenty years hence, where is our Region today?
A recent report by the CSME Unit noted that a total of ten categories of persons now have the right to seek employment in other CARICOM member states without the need for a work permit. While legislation in the 12 CSME participating countries have all recognised the categories specifically identified in the Revised Treaty (Article 45), to date only Guyana and Jamaica have fully included the ten categories of workers in their respective Skilled Nationals Act.
In addition to the failure to enact the requisite legislation, there is the reality of a scarcity of skilled workers in the Region to meet labour market needs As such, regional companies are forced to fill vacancies with workers from outside of the Region, through the work permit regime. There is, therefore, urgent need for closer alignment between our Region’s education system and the skills’ requirements of the business community.
Finally, there are valid concerns that the benefits of integration are unevenly distributed. This results partly from delays by member countries in meeting the commitments and obligations of the CARICOM Single Market. The Treaty provides a number of Dispute Resolution Mechanisms, for example, the Council of Trade and Development; the Competition Commission; and the Caribbean Court of Justice. These mechanisms can be used in situations where a member country concludes that it is being disadvantaged by selective application of the terms and conditions of the Treaty.
Carefully crafted dispute mechanisms are intended to, among other things, reduce the risk that disputes lead to conflict between the affected parties; enhance the legitimacy of the international treaty and international organisation to which it is aligned; and ensure that fairness prevails. The way in which signatories actually comply with the obligations of an international treaty is a critical determinant of the efficacy of that treaty. Utilising the mechanisms, and subjecting them to testing help to promote transparency of the process as well as build confidence among stakeholders.
In short, we need to test them!
Madame Chair, ladies and gentlemen, this morning I have argued that an intensified focus on international trade must be a central tenet of the Caribbean’s growth strategy. I have also argued that the CARICOM market is the obvious launching pad for the Region’s deepened foray into the global marketplace. [SWITCH SLIDES]
I am convinced that regional integration can be the Caribbean’s “secret” weapon for unlocking economic growth and enhancing the prospect of greater prosperity for our people.
The urgency for the adoption of this strategy is occurring at a time when there is a clearly emerging trend towards inward-looking policy platforms and a retreat from globalisation in the United States of America, the United Kingdom and Europe - traditional trading partners of the Caribbean. The implications of this shift could be manifested in reduced international aid flows; diminished funding for multilateral development banks like the CDB; more difficult access to traditional markets; and the requirement to refocus on new export alliances and trading partnerships.
Existing trading arrangements could disappear or markets become more difficult to access, necessitating policy shifts in the Caribbean. Foremost amongst these shifts would have to be an intensification of the process of making our economies more attractive for productivity enhancing investments. It would also require a so far elusive resolve amongst our regional leaders to implement, in full and without further delay, all of the outstanding provisions of the CSME. [SWITCH SLIDES]
In short, our Region is calling on its leaders to have a laser focus on “doing what is right, not what is easy!”
One urgent corollary of this call to action is the requirement to expand the reach of CARICOM. Possible candidates for this broadening could be Cuba, the Dominican Republic and the Dutch Caribbean territories.
Another corollary is the reopening and conclusion of the stalled trade talks between Canada and CARICOM. We should also continue the outreach to our neighbours in Central and South America for deeper trade and economic co-operation.
CDB, the Region’s development bank, has a vital role to play in the successful execution of this strategy. However, its borrowing membership will have to become more diversified so that concentration risk and interest rates can be reduced and its lending capacity enhanced. New membership will bring additional capital both from new BMCs and from the new non-borrowing shareholders which could be attracted by larger BMCs. We will explore this proposition further when we meet with our Governors in caucus tomorrow. [SWITCH SLIDES]
Ladies and gentlemen, at this juncture in our history, we have the opportunity to be “the masters of our fate and the captains of our souls” Let us grasp it! [SWITCH SLIDES]