Approximately 200 US investors and businesspersons attended a one-day CARICOM-DC Business Forum entitled “Business Opportunities in the Caribbean” on September 9, 2013 in Washington, DC. The Forum was organized by the CARICOM Caucus of Ambassadors, in partnership with ExportDC, the US Commercial Service, the US Small Business Administration, the DC Chamber of Commerce and the Ronald Reagan Building and International Trade Centre.
Eleven embassies participated in the forum and presented the many business and investment opportunities that are available in their respective countries. Each embassy also hosted a country display table to further highlight their business, cultural and tourism offerings and to facilitate one-on-one meetings with potential investors.
Chairman of the CARICOM Caucus of Ambassadors, Dr Neil Parsan, served as the forum host and reiterated to attendees that the Caribbean is “open for business.” In his presentation, he highlighted specific investment opportunities in Trinidad and Tobago in the ICT sector, creative industry and downstream energy sector and encouraged investors to consider Trinidad and Tobago as their first port of call when considering expansion in the region.
Parsan also highlighted the importance to the region of the recent visit by Vice President Joe Biden to Trinidad and Tobago, where discussions with regional leaders focused on regional security, energy, trade and investment and human and social development.
The event was hosted as part of Parsan’s robust agenda as chair of the Caucus to promote trade and investment between the Caribbean and the United States. He argued that the Caribbean should promote its offerings under one umbrella as opposed to in isolation.
The Caucus hopes to host similar fora in early October in the northeastern cities of Wilmington, Delaware; Philadelphia, Pennsylvania; Richmond, Virginia and Baltimore, Maryland.