Business Matchmaking Program

Opportunities in the Caribbean Region and New York, NACC's International & Multicultural Business Expo, June 19, 2014

The New American Chamber of Commerce (NACC), the African American International Chamber of Commerce (AAICC) and the Hispanic American International Chamber of Commerce (HAICC) have organized a business expo targeting Caribbean, African and Hispanic businesses in the Caribbean, Latin America and Africa to participate in our Annual International & Multicultural Business Expo at the New York Marriott at the Brooklyn Bridge, 333 Adams Street, Brooklyn, NY on Thursday, June 19, 2014.

Attendees who arrive before the Conference on June 19, 2014, at the Brooklyn Marriott, are encouraged to meet with Chamber representatives, at 26 Court Street, Brooklyn, Suite 701, NY. Please schedule, via email before your arrival. Following the all­day conference, participants will have the opportunity to participate in one­on­one business appointments with the Presidents from the following Chambers of Commerce in New York: NACC AAICC, HAICC, Haiti, Jamaica, Guyana, St Lucia, Trinidad & Tobago and Barbados. On the following day, participants will also have matchmaking appointments with Chamber business members in New York. Each one­on­one business appointment will be with pre­screened Chamber members who are potential buyers, agents, distributors or joint­venture partners. Participants will also be invited to networking events during the Conference.

The Conference is open to businesses from the Caribbean and U.S. companies from a cross­section of industries with the potential to do business in the Caribbean, Latin America and Africa or to partner with businesses from those regions. There will be a special track at the Conference for businesses who wish to do business with or in NYC and NYS, a special presentation on partnering with minority certified U.S. businesses and the legal issues associated with international business. To register for this track, click here.

To register your interest in participating in the Conference Matchmaking Program, please complete our questionnaire, click here. To register for the Conference, please complete your registration at www.mynacc.org.

Participation Details
All parties interested in participating in the Multicultural International Business Expo in Brooklyn, NY, USA, must complete and submit an application package for consideration by NACC, AAICC & HAICC. Conference registration can be completed at www.mynacc.org. All applicants interested in our match­making program will be evaluated on their ability to meet certain conditions and best satisfy the selection criteria as outlined below.

A minimum of 20 and a maximum of 30 companies will be selected to participate in the Chambers match making program with U.S. companies on a rolling basis. During the registration process, applicants will be able to select their markets of choice and will receive a brief market assessment for each selected market. All selected participants will attend business­to­business meetings in Brooklyn, NY, USA. For those companies seeking to participate in additional business­to­business meetings after attending the Conference on June 19, 2014, we will select based on market suitability. Deadline to register for the matchmaking program is Monday, June 2, 2014. To register, please complete our questionnaire. Click here.

Fees and Expenses
After a company has been selected to participate in the match making program, a payment to the Chamber of Commerce in the form of a participation fee of $450 is required. Companies that register for the match making program are encourage to register their businesses also, for the Expo. To register for the Expo, please visit www.mynacc.org. Multicultural International Business Expo Date: June 19, 2014 Venue: New York Marriott at the Brooklyn Bridge, 333 Adams Street, Brooklyn, NY Cost: See Packages at www.mynacc.org Expenses for travel, lodging, meals, and incidentals (e.g., local transportation, interpreters) will be the responsibility of each participant. For more information, contact Pearl Phillip at info@mynacc.org or by phone at 718-922-9217, Ext 112.

Chamber Country Profiles

Bahamas - The Bahamian economy is driven by tourism and financial services. The Bahamas imports nearly all of its food and manufactured goods from the United States, and U.S. goods and services tend to be favored by Bahamians due to cultural similarities and exposure to U.S. advertising. Due to its dependence on tourism imports from the United States and trade with the United States, the Bahamian economy is notably affected by U.S. economic performance. There are no significant barriers to trade in the Bahamas. The Bahamas is currently reviewing proposals for alternative energy source projects. Best prospects sector for U.S. exports include: Hotel Equipment; Franchise; Construction Equipment and Supplies; Consumer Products; and Drugs and Pharmaceutical Products.

Barbados
Barbados enjoys one of the highest per capita incomes in the region and an investment climate which benefits from its political stability and stable institutions. Financial and information services are important foreign exchange earners that thrive from having the same time zone as eastern U.S. financial centers and a highly educated workforce. A renewable energy bill that will open up the possibility of private energy production and selling back to the grid is expected to be passed this year. The tourism sector is expected to be upgraded through several ongoing construction projects. Best prospects are: Construction and Building Products; Consumer Goods; Agricultural Products and Equipment; Renewable Energy Technologies and Equipment; and Hotel and Restaurant Equipment.

Dominican Republic
With a population of 10 million consumers and a GDP of $59 billion, the Dominican Republic's (DR) economy is the ninth largest in Latin America and the second largest in the Caribbean region. The United States represents, by far, the DR's largest trading partner: 43.6 percent of imports into the DR are of U.S. origin. There is an extremely high receptivity to U.S. goods and services and U.S. product standards are generally accepted. Since the entry into the Dominican Republic­Central America­ United States Free Trade Agreement (CAFTA­DR) in March 2007, bilateral trade has grown at a robust pace. By 2012, U.S. exports to the DR had grown by 33 percent over the pre­CAFTA days of 2006.

The strength of the trade relationship stems from close geographic proximity and the historic cultural and personal ties that many Dominicans have with the United States. Best prospect sectors for U.S. exports include: Automotive Parts, Hotel and Restaurant Equipment, Travel and Tourism, Safety and Security Equipment; Renewable Energy Technologies and Equipment; Telecommunications Services and Equipment; Printing and Graphic Arts Products and Equipment; Computers and Peripherals; Medical Equipment; and Construction and Building Products.

Haiti
The United States is Haiti's chief trading partner, with a 40 percent share of Haiti's import market. Haiti's economy is unique in the Caribbean region, with a large population of 10 million people but a relatively small $7.9 billion GDP. Haiti's geographic proximity to and historically strong links with the United States contribute to a strong market for U.S. exports. Haiti imports more than 70 percent of market goods, and American businesses continue to do well in finding local buyers and distributors. Haiti has the lowest import tariffs in the Caribbean region. Best prospect sectors for U.S. exports include: Apparel and Textile; Machinery and Transport; Automotive Sector and Parts; Telecommunications Services and Equipment; Electrical Power Systems; Tourism; and Construction and Building Products/Equipment.

Jamaica
The United States is Jamaica's largest trading partner, accounting for almost 40% of Jamaica's total trade. A small economy of 2.8 million people and $15 billion GDP, Jamaica's geographic proximity to and historically strong links with the United States have encouraged a wide range of U.S. investors and exporters to enter the Jamaican market. Best prospect sectors for U.S. exports include: Agriculture; Pharmaceuticals/Chemicals; Machinery/Transportation Equipment; Consumer Products and Tourism; ICT; Automobiles; Energy Production; and Telecommunications Services and Equipment.

Trinidad and Tobago
The United States is Trinidad and Tobago's largest trading partner, accounting for 33 percent of Trinidad and Tobago's total imports, and purchasing 44 percent of its exports. A small country of 1.2 million people and a per capita GDP of $20,000, one of the highest in the region, Trinidad and Tobago's economy is dominated by the energy sector. Trinidad and Tobago's geographic proximity to and strong links with the United States have encouraged a wide range of U.S. investors and exporters to enter Trinidad and Tobago's market. Best prospect sectors for U.S. exports include: Oil and Gas Field Machinery and Services; Food Processing and Packaging; Automotive Parts and Services; Telecommunications; Computers and Peripherals; Construction; Tourism; and Maritime Industries.

The foregoing analysis of export opportunities in the Caribbean Region is not intended to be exhaustive, but illustrative of the many opportunities available to U.S. businesses. Applications from U.S. companies will be considered and evaluated by the U.S. Department of Commerce on their market potential in the Caribbean region.

Guyana
The Guyanese economy exhibited consistent economic growth in recent years and is based largely on agriculture and extractive industries. The economy is heavily dependent upon the export of six commodities ­ sugar, gold, bauxite, shrimp, timber, and rice ­ which represent nearly 60% of the country's GDP with over half of all exports coming into the United States and Canada. But with only about one­fifth of its imports coming from the United States there is room for substantial growth in the following U.S. export areas: Manufactures; Machinery; Energy; Franchise; Travel and Tourism; Safety and Security; Consumer Goods and Food.

Additionally, Guyana boasts a remarkably rich ecology, filled with distinctive plants and trees, teeming with exotic birds, insects and mammals – and hundreds of waterways, hinterland trails, waterfalls and creeks, along with the welcome and friendly hospitality of its people make Guyana a big draw for eco and adventure tourists. Featured in a number of international publications as an unspoiled paradise the tourism sector of Guyana is set to see significant growth in the coming years.

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