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Export Training
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Home / Export TrainingRepublic Bank and Caribbean Export Development Agency Partnership
The shortage of foreign exchange continues to be one of the biggest challenges plaguing local business owners. By strengthening the Foreign Exchange (FX) earning potential of the business community we hope to assist in reducing demand and to make foreign exchange more accessible for the country.
We have therefore partnered with the Caribbean Export (CE) to support our business customers into becoming net foreign exchange earners by expanding into regional and global markets.
Caribbean Export is the regional trade and investment promotion agency focused on accelerating the economic transformation of the Caribbean. They work closely with businesses to increase exports, attract investment, and contribute towards the creation of jobs to build a resilient Caribbean.
Their suite of innovative, targeted initiatives are designed to enhance Caribbean business growth, and support firms increase their capacity, competitiveness and achieve the export potential of their products and services. In doing so, they aim to promote the attainment of the Sustainable Development Goals (SDGs) in Caribbean countries.
Caribbean Export will support Small and Medium Sized Enterprises based on their current level of readiness to export as follows:
Level 1 - Export Potential- Training
- Coaching
- Funding
Level 2 - Export Ready
- Technical Assistance
- Coaching
- Funding
- Export Promotion Activities
Level 3 – Exporting
- Technical Assistance
- Export Promotion Activities
- PRONET (9 modules) for Manufacturing firms
- Services Go Global for Service providers
- Business of Music
- Specialized technical programmes (energy management, Voluntary Sustainable Standard, Food Safety, Intellectual Property, etc.)
- CE supports larger firms to participate in international trade shows and forums
- CE can advocate for the needs of firms on a regional and international scale
Republic Bank customers can access CE’s services by contacting their branch Account Manager or their assigned Corporate Manager. CE’s services will be offered FREE of charge to all Republic Bank Customers.
How it Works:- Contact your Account Manager or Corporate Manager and indicate your interest in accessing support services from CE
- The Account or Corporate Manager will discuss your request and determine if your meet the minimum eligibility criteria
- If you meet the minimum eligibility criteria, you will be referred to CE technical officers to access the services that may be of benefit to you in growing your export competitiveness.
- CE will commit to contacting you upon receipt of your referral via a “get to know you” form. This form will provide CE staff with basic information about your business i.e., contact info, what they do and what their objectives are (no confidential information will be requested).
- CE will have an introductory meeting (estimated 30 mins) with you within one week of receipt of the “get to know you” form to learn more about your business and determine the best way forward, including introduction to CE’s upcoming services. Your Account Manager or Corporate Manager will also be invited to participate in this meeting.
- Should you agree to move forward, depending on the recommended services, you will be required to complete CE’s enterprise diagnostic assessment tool.
- Clients will be added to any existing programme that they qualify for or are willing to participate in (training, technical assistance, business coaching, grant funding, etc.).
- CE will provide monthly feedback on your progress to Republic Bank.
- In addition to the above, CE and Republic Bank will periodically identify a cohort of customers for specialized programmes.
To ensure that you are best suited to benefit from CE’s services, you must meet the following basic criteria to be referred by Republic Bank to CE:
1. You must be a manufacturer of products with significant local coverage or service provider offer indigenous services. Products with significant local coverage refers to manufacturers who source the majority of the materials for their product locally or if an item was initially imported, the final good being exported was significantly enhanced by local technology or the addition of local materials.
2. You must already be exporting your products or services or have export potential. A business with export potential is defined as one that is actively seeking to enter markets or have a product or service that has interest from export markets.
3. You should ideally be an established business
4. Businesses should be registered in one of the 15 CARIFORUM member states i.e., Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago.
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