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EC Private Sector Development and Trade Related Assistance Programmes

This document outlines various assistance programmes aimed at enhancing private sector development in Trinidad and Tobago. Key initiatives include the National Sugar Adaptation Strategy focusing on diversification and reducing the impact of sugar reform, Non-University Tertiary Education programmes for a sustainable economy, and enabling competitive business environments. Additionally, it details funding allocations, targeted beneficiaries, and administrative responsibilities across different ministries. Key outcomes include improved management systems, increased food production, and market access for local entities.

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EC Private Sector Development and Trade Related Assistance Programmes

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  1. EC Private Sector Development and Trade Related Assistance Programmes March 23, 2011

  2. Outline • National Programmes • National Sugar Adaption Strategy • Non-University Tertiary Education • Enabling Competitive Business • Building Competitiveness in the Food and Beverage Sector • Contact Information

  3. National Sugar Adaption Strategy • Objectives: • Diversification; • Reducing the impact of sugar reform. • Results: • Divestment of assets; • Retraining and compensation; • Increase food production; • Suitable land use. • Administration: • Ministry of Finance • Ministry of Food Production • Funding/Duration • €77.144m • 2007-2016 • Targeted Beneficiaries: • Former cane farmers • Sugar workers • Residents of the sugar belt

  4. Non-University Tertiary Education • Objectives: • Develop a sustainable non-energy economy • Results: • Widening access; • Financing system; • Managing system; • Restructuring the system. • Administration: • Ministry of Science Technology and Tertiary Education • Funding/Duration: • €27.3m • 2007-2011 • Targeted Beneficiaries: • Non Tertiary Institutions

  5. Enabling Competitive Business • Objectives: • Develop a sustainable non-energy economy. • Results: • Management systems; • Improved business climate; • Diversified economy • Administration: • Ministry of Trade and Industry; • Ministry of Labour, Small and Micro-Enterprise Development. • Funding/Duration: • €16.34m • 2011-2016 • Targeted Beneficiaries: • University • BSOs • Research Institutions

  6. Building Competitiveness in The Food and Beverage Sector (BDC) • Food Safety Awareness Program • Conduct Food Safety Audits • Provide Technical Assistance to manufacturers to upgrade their Food Safety System • Train and Certify persons/companies in HACCP , ISO 22000;2005,PAS220 • Increasing Market Access and Export Readiness • Co-ordinate the Industry’s Participation at the Trade Shows

  7. Building Competitiveness in The Food and Beverage Sector (cont’d) • Research Development and Innovation • Develop a Commercialization Model • Host Seminars • 2010-2011 seminars • CARIFORUM/EC-EPA- Opportunities and Challenges • Innovative Marketing & Promotion Strategies

  8. Competitiveness in The Food and Beverage Sector: R&D Grant • Target group • All business types • Funding/ Criteria • $500, 000 • Company must be in existence and operation for at least 2 yrs • Strictly for research and innovation • Funding extends to product prototype • Administration • Business Development Company

  9. For More Information: • Ministry of Science, Technology and Tertiary Education: http://www.stte.gov.tt/ • Ministry of Trade and Industry: http://www.tradeind.gov.tt/ • Ministry of Labour, Small and Micro Enterprise Development: http://www.molsmed.gov.tt/ • Ministry of Finance: http://www.finance.gov.tt • Ministry of Food Production, Land and Marine Affairs: http://www.agriculture.gov.tt/foodproduction • Business Development Company: http://www.bdc.co.tt

  10. Questions

  11. THANK YOU! Contacts Ms. Trudy Lewis Senior Trade Specialist Level 14 Nicholas Tower Tel: 623-2931/4 Ext 2113 Email: lewist@gov.tt Website: www.tradeind.gov.tt Ms. Krysta Ramrattan Economist I Level 14 Nicholas Tower Tel: 623-2931/4 Ext. 2100 Email: ramrattank@gov.tt

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