women in digital trade – wto workshop...who we are and what we do focus areas: trade development,...
TRANSCRIPT
Taking Caribbean Excellence to the World
Women in Digital Trade – WTO Workshop
1 July 2019
Who we are and what we do
Focus Areas: Trade Development, Export Promotion, Investment Promotion
Trade Development & Export Promotion - 15 CARIFORUM countries
Investment Promotion - Secretariat for the Caribbean Association of Investment Promotion Agencies – 23 Caribbean countries (CARIFORUM + OCTs)
Manage international donor funding geared toward private sector development – 11th European Development Fund, Regional Private Sector Development Programme
Offices: Barbados, Dominican Republic, Haiti (programmeoffice
Who we are and what we do
Women in Business
WEXPORT Programme – provide technical and financial support to 20 Caribbean women owned businesses since 2017
Digital Economy
Provide ICT training through our PRONET training programme
Promotion of the outsourcing sector for investment –Outsource2Caribbean
About Services Trade in the Caribbean
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Developed Africa Asia Caribbean Pacific
Share of goods and services exports by Commonwealth region, 2016 (%)
Goods Services
Commonwealth Caribbean members are the most dependent on services exports, with services being 41% of their overall world
exports
About Services Trade in the Caribbean
0%
5%
10%
15%
20%
25%
30%
35%
40%
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TheBahamas
Barbados Trinidad andTobago
Jamaica Guyana Belize Antigua andBarbuda
St Kitts andNevis
St Vincentand the
Grenadines
Grenada Dominica Saint Lucia
Exports % of world exports
The Bahamas and Barbados are biggest exporters of services in intra-Commonwealth trade, over US$1bn
About Services Trade in the Caribbean
Most Caribbean members states have levels of internet access above the global average (per capita); The Bahamas leads in
internet access and speed
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Commonwealth average
World average
Increasing broadband coverage can boost Caribbean members’ GDP by US$7.4 billion
Commonwealth Caribbean
member country
Estimated GDP increase (US$ million)
Scenario I: 50% BB
Scenario II: 75% BB
Scenario III: 100% BB
(US$ 7.4 billion)
Scenario IV: <50% double BB and
100% BB if >50%
(US$6.4 billion)
Antigua andBarbuda
- 45 161 161
The Bahamas - - 635 635
Barbados - - 350 350
Belize 47 188 329 234
Dominica - 12 54 54
Grenada - 69 150 150
Guyana 130 405 679 420
Jamaica 348 1,467 2,585 1,889
Saint Lucia - 100 210 210
St Kitts and Nevis - - 71 71
St Vincent and the Grenadines
- 57 119 119
Trinidad and Tobago
- 388 2,062 2,062
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Afr Asia Car Eu Pac2016 2018
SMALL STATESUN eGOV
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Afr Asia Car Eu Pac
SMALL STATESUN eGOV BROADBAND SURVEY (% pop.)
2018
Mobile W BB % Pop. Internet
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110
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54
107
41
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Mobile W BB % Pop. Internet
Caribbean RegionConnectivity (% pop.)Time Series Analysis
2016 2018
About MSMEs in the Caribbean
In the Caribbean there is a dominance of sole proprietorships (individuals)
Firms exporting services tend to be sole proprietorships, many are in the informal economy. The legally established firms tend to have higher levels of foreign ownership and higher proportion of formal training programmes.
Exporting manufacturing entities tend to have more staff, better performance in sales and profits, higher technology knowledge intensiveness (TKI), training programmes for staff and higher level of new product releases in the last three years in ownership.
About MSMEs in the Caribbean
Firm ownership: 62% male dominated, 27% female dominated, 11%
shared equally between males and females (Lawrence Nicholson, 2012 )
*Note: Based on Barbados, Jamaica, Trinidad and Tobago
Participation in ownership: 40 % female (World Bank, 2018)
** Note: Based on Latin America and the Caribbean
Challenges faced by Caribbean MSMEsGeneral Challenges Weak MSME Enabling Environment – Legal Regulatory and Policy
Frameworks Access to Financing High Costs of Inputs to Production and Inadequate Supporting
Infrastructure Limited Human Resource and Entrepreneurial Skill Weak Business Support Limited Trade Facilitation, Inadequate Market Support and Lack
of Ability to Conform to Regional and International Standards Inability of SMEs to facilitate payments via debit and credit cards Absence of information and know-how regarding industry business
practices
Challenges faced by Caribbean MSMEs
Digital Economy Challenges Finance, bureaucracy, information and awareness issues ranked
high in a 2017 survey for Inaugural Caribbean MSME Conference, 2017
High costs of, and limited access to online payment systems High cost of IP protection for each creating vulnerability in
international market and potential back end costs for protection or loss of brand
Dominance of large international Internet business which limit/shape accessibility to foreign distribution channels
Services policies and firm level disaggregated data are limited so government understanding of sector is limited and facilities inadequate
Challenges faced by Caribbean MSMEs
Digital Economy Challenges Trust Cyber security High cost of Broad Band Oligopoly Environment for E-Commerce (Policy) Limited support for digital start-ups Black-listing affects the financial services sector- payments
Where do we go from here?
Continued firm level support - sector focus; and focus attention on export ready firms
Continued support to Caribbean BSOs and to women exporters through WEXPORT
Provide financing with financial knowledge
Capacity building exercises with learning from peers – E-commerce Workshops
Policy Advocacy - Improved Regional Public - private dialogue; Improved investment and business climate; Increased focus on female empowerment in the area of business ownership and management; increased focus on specific SDGs (8, 9); building strategic relationships with intra and extra-regional partners.
Taking Caribbean Excellence to the World
Thanks for your attention….