The Caribbean aims to reduce its dependency on US goods and services and therefore presents key opportunities for UK businesses. We will be joined by British High Commissioners in the region as they share their insights into opportunities for British companies and provide political and economic updates as well as how the region has been responding to the pandemic.
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Registration for this event is now closed. Meetings slides and recordings for select events are available to Members.
Registration for this event is now closed. Meetings slides and recordings for select events are available to Members. Event recordings require an access code.
The Caribbean aims to reduce its dependency on US goods and services and therefore presents key opportunities for UK businesses. We will be joined by British High Commissioners in the region as they share their insights into opportunities for British companies and provide political and economic updates as well as how the region has been responding to the pandemic.
The Caribbean will possibly be later to the global economic recovery than other regions as the world begins to emerge from Covid-19.
Barbados has a steadily growing economy and significand demand for UK imports, with year-on-year growth of 400% in imports from the UK in 2019. The Bahamas also has a growing demand for imports, and the main sectors of interest for UK exporters in the region are construction, transport, insurance and medical equipment.
Trinidad & Tobago’s economy and population have grown significantly in the last two decades. With a growing demand for UK goods and favourable business climate, there are many opportunities for UK investment. Whilst the economy relies heavily on the petroleum industry, the Government has encouraged economic diversification to reduce this dependency.
The Dominican Republic is one of the largest and fastest growing economies in the Caribbean, its growth partly driven by free trade zones, foreign direct investment and improved telecommunications, and supported by a stable currency and political environment. There is a growing demand for UK expertise and services in education, energy, infrastructure, healthcare and agriculture.
Jamaica is the largest and most populated island in the Caribbean but has suffered high debt and low growth over the past thirty years, and like its neighbours, is vulnerable to external shocks like extreme weather events. The Government is implementing a modernisation programme to speed up trade. Opportunities for UK investors are primarily in the energy (especially renewable), education, infrastructure, healthcare, agri-business as well as other sectors.
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