Wide range of services for exporters at BIDC

With businesses in Barbados looking to exploit market access opportunities in Europe and other places, businesspersons are being urged to capitalise on the technical assistance and other support services being made by the Barbados Investment and Development Corporation (BIDC).

Beverley Alleyne, the BIDC's Senior Business Development Officer, made the appeal as exporters look to widen their exports to Europe and other key markets.

The Government-owned institution has crafted a wide range of services that would enable exporters to meet many of the rigours of the export markets.

Dealing specifically with the Special Technical Assistance (STA), Alleyne said that under the scheme businesses will be able to benefit from training and productivity enhancement, marketing including market research, product development and design, and packaging and promotion.

Defining the Corporation’s export strategy, the business development officer pointed towards export capacity and international competitiveness building, acquisition of market intelligence, development of export marketing capabilities and education.

Alleyne said that the challenges faced under previous agreements between Barbados and Europe were  high cost of transportation, technical and cultural barriers, inadequate market intelligence about potential markets, export quotas and rules of origin.

She said that the BIDC’s export functions are policy formulation, strategic planning and directions, "the functions are geared mainly to overseas market development and promotion of products and export certification."

Last year, Barbados’ export amounted to over $400 million.

Source: Barbados Advocate Business Monday, 06/04/2009

Thursday, May 28, 2009