Services Export Unit

Assisting services providers to realize their export potential

Agenda

• About exporTT • Sectors of Focus • exporTT’s Services:- Capacity building - Research Unit

exporTT’s Mandate

• “creating internationally competitive firms in the non-energy manufacturing and services sectors to grow and diversify trade and generate wealth through export led growth”

Sectors of Focus

Services Sectors

ICT Services

Maritime Services

Construction Services

Energy Services

Professional Services

CAPACITY BUILDING

Co-Financing Defined

• A Company shall receive financial support from exporTT on the condition that the company will be reimbursed for a portion of the pre-approved investment, purchase, cost or expense incurred by the company in reaching selected export markets

Key Elements

• Reimburse a portion of the pre- approved investment, purchase, cost or expense incurred by the company

• the penetration of selected export markets

• available for services

Eligible Service Sectors

• Construction Services • Energy Services • ICT Services • Maritime Services • Professional Services • Creative Services – Film & Animation, Fashion

and Music

Eligible Activities – ICT Services

Tender Fees for International

Tenders

Legal Fees Associated with

conducting business in target

markets

Translation &Interpretation

Services

Registration at International

Conferences to promote ICT Services

Booth Rental at Trade Shows

Business to Business

Matchmaking Services

Technical Costs re International Standards

Certification eg ISO 9001, ITIL 2700

Booth Design at Trade Shows

Ground Transport for exporTT led groups at

trade missions & tradeshows

Short-Term Professional Work Permit

Fees (6 months maximum)

Registering to do Business in

foreign countries

Shipping of Promotional Materials

9

Eligibility Criteria

Proof of Business Registration/Incorporation

Company must be locally owned (greater than 50% must be

locally owned)

Exporting products must be manufactured locally

Only Level 1-3 exporters are eligible for the co-financing

service

Criteria for classification of exporters by level

Annual Export Sales

Export Frequency

% extra Regional –CARICOM

Exports

Export Market Reach

International Standards Export Strategy

Classification of Exporterso Level 1- Exporting to

diverse extra-regional markets with different languages, cultures FCOR’s, Europe, Asia, Africa

o Level 2 – Exporting to regional markets with similar languages, cultures, standards and practices eg CARICOM, USA

Classification of Exporterso Level 3 – Pre Export Stage

with management commitment to engage in active exporting and are willing to fill occasional export orders

o Level 4 – Firms cater solely for domestic market but are willing to fill unsolicited export orders

Co Financing Limits per fiscal year (Oct – Sep)

o Level 1 Exporter: TT$150,000

o Level 2 Exporter: TT$ 75,000

o Level 3 Exporter: TT$25,000

o Per exporter, per year

exporTT’s Services International Standards

• In fulfilment of its mandate, exporTT provides firms with technical and financial assistance to meet international standards and receive certification.

exporTT’s Services International Standards

• Service providers exporTT assist companies working towards ISO 9001 certification

• exporTT covers 50% of the cost of obtaining ISO 9001 up to 100,000.00 (TTD)

• Financing limit is 50,000 (TTD)

RESEARCH UNIT

• Technical standards• entry requirements for service providers• consumer trends internationally and

regionally • International Tenders• Market size, culture, demographics• Facilitate ad hoc requests

Thank You

www.exportt.co.tt