Jamaica’s Consul General Calls for Increased Investment in the Caribbean
Keynote Address at the CARICOM Business Forum
Jamaica’s Consul General to New York, Alsion Wilson, emphasized the need for increased investment in the Caribbean region, citing the vast potential for growth and development.
Enhancing Trade Relations
Wilson called for the passage of legislation like the US-Caribbean Negotiations Act to enhance trade relations between the United States and the Caribbean. She also urged greater resources to be devoted to supporting businesses seeking to invest in the region.
Renewed Focus on the Caribbean
Wilson emphasized the need for a renewed focus on the Caribbean from US policymakers and businesses. She noted that the potential for growth and development is vast, but it requires a concerted effort from all parties involved.
The CARICOM Business Forum
The CARICOM Business Forum, held in Philadelphia, brought together business leaders, entrepreneurs, and policymakers from across the Caribbean and the Philadelphia region to discuss economic development, business opportunities, and cross-cultural collaboration.
Investment Opportunities
Wilson highlighted the Caribbean as a region full of investment opportunities, encouraging attendees to explore these opportunities and engage with the dynamic businesses of the region.
Support for Businesses
Wilson noted that there is a wealth of support available for businesses looking to expand into the Caribbean market, including organizations such as the US Trade and Development Agency, the Overseas Private Investment Corporation, and the US Department of Commerce.
Favorable Business Environment
To attract investment, Caribbean countries must create a favorable business environment, marked by transparency, predictability, and competitiveness.
Conclusion
The CARICOM Business Forum aims to foster a deeper understanding of the Caribbean market and create opportunities for business expansion and collaboration. With its rich cultural heritage and vast investment opportunities, the Caribbean is an attractive destination for businesses looking to expand their reach.
FAQs
Q: What is the CARICOM Business Forum?
A: The CARICOM Business Forum is an annual event that brings together business leaders, entrepreneurs, and policymakers from across the Caribbean and the Philadelphia region to discuss economic development, business opportunities, and cross-cultural collaboration.
Q: What are the investment opportunities in the Caribbean?
A: The Caribbean is a region full of investment opportunities, including joint ventures, investments, and strategic alliances. Businesses can tap into the vibrant Caribbean market and be a part of the region’s journey of growth and development.
Q: What support is available for businesses looking to expand into the Caribbean market?
A: There is a wealth of support available, including organizations such as the US Trade and Development Agency, the Overseas Private Investment Corporation, and the US Department of Commerce, which offer a range of programs to help businesses expand into the Caribbean market.
Q: What is the key to attracting investment in the Caribbean?
A: To attract investment, Caribbean countries must create a favorable business environment, marked by transparency, predictability, and competitiveness.