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EC Private Sector EC Private Sector Development and Development and

Trade Related Trade Related Assistance Assistance

ProgrammesProgrammesMarch 23, 2011

OutlineOutline● National Programmes

National Sugar Adaption Strategy Non-University Tertiary Education Enabling Competitive Business

● Building Competitiveness in the Food and Beverage Sector

● Contact Information

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National Sugar Adaption National Sugar Adaption StrategyStrategy

● 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

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Targeted Beneficiaries:

Former cane farmersSugar workersResidents of the sugar belt

Non-University Tertiary Non-University Tertiary EducationEducation

● 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

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Targeted Beneficiaries:

Non Tertiary Institutions

Enabling Competitive Enabling Competitive BusinessBusiness

● 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

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Targeted Beneficiaries:

University BSOs Research Institutions

Building Competitiveness in Building Competitiveness in The Food and Beverage Sector The Food and Beverage Sector (BDC)(BDC) • Increasing Market Access

and Export Readiness

Co-ordinate the Industry’s Participation at the Trade Shows

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● 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

Building Competitiveness in Building Competitiveness in The Food and Beverage Sector The Food and Beverage Sector ((cont’d)

● Research Development and Innovation Develop a

Commercialization Model

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● Host Seminars 2010-2011 seminars CARIFORUM/EC-EPA-

Opportunities and Challenges

Innovative Marketing & Promotion Strategies

Competitiveness in The Competitiveness in The Food and Beverage Food and Beverage Sector: R&D GrantSector: 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

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For More Information: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

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QuestionsQuestions

THANK YOU!THANK YOU!

ContactsMs. 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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