From left: Marjorie Straw (Manager – Special Projects, JAMPRO), Nirad Tewarie, (CEO, TTCSI), Ramesh Ramdeen (CEO, TTMA), Daniela Tramacere (Chargee d’Affaires, Delegation of the EU, Trinidad & Tobago), Anthony Bradshaw (COO, Caribbean Export), Senator The Hon. Vasant Bharath (Minister of Trade, Industry and Investment), Ullrich Kinne (Deputy Head of Mission, German Embassy), Rainer Engels, Executive Project Director (GIZ), Vasantha Chase (President, CICMC) and Donald Demeritte (Principal, EPS Consultancy)
PORT OF SPAIN, Trinidad -- The Caribbean Export Development Agency (Caribbean Export), in collaboration with Trinidad and Tobago Coalition of Service Industries (TTCSI) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH commenced the fifth Management Consulting Symposium in Trinidad on Tuesday.
The meeting of over 75 CARIFORUM management consultants and consulting firms from Europe, South America and Africa concluded on Thursday.
The importance of the management consulting industry to the Caribbean was laid clear by chief operating officer, Anthony Bradshaw who stated that “Globally the management consulting industry is one of the fastest growing sectors and in a 2010 study commission by the Agency, the global market for consulting services was expected to reach US350 billion” and thus is a priority sector for the Agency.
“Management consulting can be considered to be high value added industry with a heavy export orientation, which has the potential to make a significant contribution to address [the] needs of the regional market, which provides many opportunities for our service providers,” said Senator Vasant Bharath, minister of trade, industry and investment for Trinidad and Tobago.
At the opening ceremony, dignitaries expressed their gratitude to Caribbean Export for taking the initiative to organise such an important meeting of management consultants, as it is viewed as “part of a wider Aid for Trade programme to assist the private sector in the Caribbean to take advantage of the CARIFORUM - EU Economic Partnership Agreement”, according to Daniela Tramacere, charge d’affaires, delegation of the European Union to Trinidad and Tobago.
Tramacere also encouraged Caribbean management consultants to take advantage of the opportunities published on the Europeaid webpage in view of the EU being the biggest development cooperation donor in the world.
The symposium, under the theme “Strategic Alliances for Development”, engaged regional and international experts to bring renewed focus to establishing strategic alliances and generating opportunities for CARIFORUM management consulting firms to exploit the CARIFORUM-EU Economic Partnership Agreement (EPA) and those in the emerging markets.
This key topic for discussion by a forum of over 75 CARIFORUM management consultants focused on the strategy required for increasing scope, export competitiveness and economies of scale.
A major activity on the three-day agenda was the series of business to business matchmaking sessions with EU consulting firms facilitated by Caribbean Export in order to generate business and thus increase the penetration of the EU market by CARIFORUM firms. This was a highly successful facet of the fourth meeting, with a number of consulting firm reporting positive partnerships and successful bids as a result.
“Our firm has been able to partner with seven of the CARIFORUM consultants/consulting firm present at the symposium on proposals, three of which were successful bids,” said Pernille Fischer Boulter, CITP, Kisserup International Trade Roots Inc. & Kisserup Europe.
Management consulting can provide many opportunities for cooperation between consulting firms in CARIFORUM, Europe and globally.
“The German government supports this cooperation as it is a centrepiece for the EPA between CARIFORUM and the EU. Trade and development are two sides of the same coin, and strengthening business cooperation can make a substantial contribution to a better future for the Caribbean,” stated Ullrich Kinne, charge d’affaires of the German embassy in Port of Spain.
The symposium is consistent with Caribbean Export’s overall strategy for priority niche sector development under the 10th EDF Regional Private Sector Development Programme (RPSDP), pursuant to maximizing the benefits of the provisions of the CARIFORUM-EU Economic Partnership Agreement (EPA).