TIC 2018 Manufactuer E-MAG
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<strong>2018</strong><br />
JULY 4TH - 7TH, 2019<br />
CENTRE OF EXCELLENCE, MACOYA, TRINIDAD & TOBAGO<br />
REGISTER ONLINE TTMA.COM/<strong>TIC</strong><br />
1
Message<br />
FROM THE<br />
President<br />
Vision<br />
To be the voice of the manufacturers in Trinidad and Tobago, creating value and<br />
providing world class service to our membership.<br />
Mission<br />
Increasing the value and growth of the Manufacturing Sector in Trinidad and Tobago.<br />
The Trinidad and Tobago Manufacturers Association (TTMA) celebrates the<br />
20th Year of hosting our annual Trade and Investment Convention (<strong>TIC</strong>) which<br />
will next be held from 4th- 7th July, 2019 at the Center of Excellence, Macoya.<br />
As <strong>TIC</strong> grows and becomes even more successful every year, our aim is to continue<br />
to increase the qualitative and quantitative returns for those participating in the<br />
show. What does this mean? It means ensuring that the right persons are present<br />
who are eager to do business with you the exhibitor during the business days of the<br />
show. It means attracting the right members of the public so that they become more<br />
familiar with and interested in your brand.<br />
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The interactive opportunities offered at the show have been found to be immeasurably<br />
beneficial to creation of brand recognition and loyalty for our participants. The theme for<br />
<strong>TIC</strong> 2019<br />
Building A Vision<br />
20 YEARS STRONG<br />
pushes the boundary in which we seek to further the competitiveness of our manufacturers<br />
locally and regionally while doing all we can as an association to ensure that the linkages<br />
which are made at <strong>TIC</strong> are maintained through a facilitative environment in which business<br />
can flourish.<br />
As we continue to work closely with our members to penetrate new markets and reinforce<br />
our relationships with existing markets via our trade missions to Cuba, Dominican<br />
Republic, Jamaica and Guyana, we also seek to bring these players to our home turf at<br />
<strong>TIC</strong>. The TTMA wants to ensure that buyers who visit <strong>TIC</strong> receive the message loud and<br />
clear that Trinidad and Tobago and indeed the region, are prepared to do business.<br />
In this edition of our magazine, you would read of the successes from exhibitors<br />
themselves who participated in <strong>TIC</strong> <strong>2018</strong>, learn about what the show itself has to offer its<br />
different markets and understand what it means to be a buyer at <strong>TIC</strong>.<br />
I am inviting you to join us to be a part of <strong>TIC</strong> 2019 which celebrates our 20th year of this<br />
successful event and join the many who continue to reap the benefits which the show<br />
undoubtedly has to offer.<br />
BOARD OF DIRECTORS<br />
PRESIDENT<br />
MR. CHRISTOPHER ALCAZAR<br />
FIRST VICE PRESIDENT<br />
MS. FRANKA COSTELLOE<br />
SECOND VICE PRESIDENT<br />
DR. MIKAEEL MOHAMMED<br />
CORPORATE SECRETARY<br />
MR. COLIN SABGA<br />
MR. ROBIN LEWIS<br />
MR. ANTHONY FARAH<br />
MR. PHILIPPE AGOSTINI<br />
MR. GEORGE NAIME<br />
MR. RYAN LEWIS<br />
MR. DALE PARSON<br />
MR. RODNEY COWAN<br />
MR. IAN MITCHELL<br />
MS. TRICIA COOSAL<br />
MR. PATRICIO TORRES<br />
MR. GARY AWAI<br />
MR. JOHN DE SILVA<br />
4 5
$<br />
1. Finance<br />
First Citizens Bank seminar “3 in 1 Financial Seminar” focused<br />
3. Marketing<br />
TTMA, in collaboration with AC Marketing, hosted a seminar<br />
Business<br />
Education<br />
SERIES AT <strong>TIC</strong> <strong>2018</strong><br />
$<br />
on three topics – mobile banking solutions for SMEs; the role<br />
of equities and mutual funds in investments; and purchasing<br />
managed portfolios (with emphasis on the National Investment<br />
Fund). Members of staff from the Bank were present to answer<br />
any questions pertaining to the various financial solutions<br />
available.<br />
2. Doing business iN<br />
external markets<br />
The Ministry of Economic Development of Curaçao delivered<br />
entitled “5 Ways to Make Money from Your Website”, which<br />
focused on e-commerce solutions that could assist SMEs increase<br />
their sales and (consequently) their profits.<br />
4. Business Development<br />
“Incentives for Manufacturing in Trinidad and Tobago” was the<br />
name of the seminar hosted by the TTMA and Ernst & Young.<br />
This seminar explored the various fiscal incentives that are<br />
available to manufacturers, and featured presentations from<br />
Ernst & Young and the Ministry of Trade and Industry.<br />
As with past years, the <strong>TIC</strong> featured a business<br />
education series from Thursday, 5 July <strong>2018</strong> to<br />
Friday, 6 July <strong>2018</strong> at the Cattleya Lounge and<br />
Petrea Room (which are both located at the Centre<br />
of Excellence). Seminars were hosted by both<br />
private sector and government entities, and by both<br />
local and foreign <strong>TIC</strong> participants. Several themes<br />
were explored during the <strong>2018</strong> edition of the Series,<br />
which provided the opportunity for manufacturers<br />
to have a holistic learning experience (these themes<br />
are identified below). Furthermore, the seminars<br />
were hosted from key personnel from relevant<br />
organisations who were competent to respond to<br />
questions that were posed during each seminar.<br />
Additionally, participants seized the opportunity<br />
to network with the presenters, so that follow-up<br />
discussions can be held. This year, the following<br />
themes were addressed during the series:<br />
a presentation on “Doing Business in Curaçao”. This seminar<br />
featured senior government officials who focused on the benefits<br />
of investing in (and trading with) this country.<br />
Also, the Embassy of Cuba in collaboration with the Chamber<br />
of Commerce of Cuba & exporTT, hosted its seminar on doing<br />
business in Cuba entitled “Cuba: New Business Opportunities”.<br />
Similar to the seminar above, this seminar featured<br />
representatives from the three institutions who focused on the<br />
benefits of investing in (and trading with) this country.<br />
Additionally, Invest Saint Lucia (which is the investment<br />
promotion agency of St. Lucia), hosted a seminar on “Doing<br />
business in Saint Lucia”. Similar to the aforementioned seminars,<br />
this seminar featured a representative from Invest Saint Lucia<br />
who focused on the benefits of investing in (and trading with)<br />
this country.<br />
Furthermore, Caribbean Export Development Agency,<br />
in collaboration with the European Union delegation to<br />
CARIFORUM, hosted a seminar entitled “Promoting Intra-<br />
CARIFORUM Trade and Investment”. This seminar featured a<br />
panel discussion with representatives from the Government<br />
(EU delegation) and the private sector (Barbados, Dominican<br />
Republic and Trinidad & Tobago) that was focused on exploiting<br />
the CARIFORUM-EU Economic Partnership Agreement.<br />
A seminar on illicit trade was also held. This seminar featured<br />
case studies on illicit trade, and featured presentations from M.<br />
Hamel-Smith & Company and the Intellectual Property Office of<br />
the Ministry of the Attorney General and Legal Affairs.<br />
There was also a seminar on warehouse racking. “Safety 101<br />
Warehouse Racking” featured a presentation by Industrial<br />
Engineering Solutions Ltd that educated participants on the safe<br />
methods for packing of goods in warehouses.<br />
The National Energy Corporation’s seminar, “New Wave Business<br />
Opportunities”, provided attendees with information on the<br />
various opportunities for manufacturing that are available in the<br />
energy sector, namely renewables, petrochemicals and energybased<br />
manufacturing.<br />
Personalized Quality Systems Limited launched the priorityTM<br />
software during the <strong>TIC</strong>. The launch focused on the numerous<br />
benefits that this resource planning software can bring to<br />
companies both large and small.<br />
5. New Technology<br />
bmobile presented a new form of technology called “Car Hub”,<br />
which allows the user to keep passengers entertained with in-car<br />
Wi-Fi, stay connected with the vehicle via diagnostic alerts, and<br />
to monitor the vehicle in real-time via GPS.<br />
If you are interested in hosting a seminar at <strong>TIC</strong>2019, our 20th<br />
year of <strong>TIC</strong> which promises to be even bigger than <strong>2018</strong>, please<br />
contact Mr. Christian George at trade@ttma.com or 675-886<br />
6 7
The 19th anniversary of the Trade and Investment Convention (<strong>TIC</strong> <strong>2018</strong>) hosted by the Trinidad<br />
and Tobago Manufacturers’ Association (TTMA) took place from Thursday 5th July – Sunday 8th<br />
July, <strong>2018</strong> at the Centre of Excellence, Macoya, Trinidad and Tobago. <strong>TIC</strong> <strong>2018</strong> was sponsored by<br />
the Ministry of Trade and Industry, First Citizens, TSTT/Blink-Bmobile, Balroop’s and S.M. Jaleel<br />
Company Limited.<br />
As we recognized this milestone, <strong>TIC</strong> has undergone significant rebranding in an effort to create<br />
and foster business locally, regionally and internationally. As such, the theme of <strong>TIC</strong> <strong>2018</strong> was<br />
“New Horizons, New Opportunities!”.<br />
This year’s theme signified the core purpose of the Trade and Investment Convention, which is the<br />
expansion of Business Opportunities for manufacturers and service providers across the region.<br />
It serves as an impetus for regional and international trade and the possibilities for finding new<br />
markets for both macro and micro enterprises.<br />
<strong>TIC</strong> <strong>2018</strong> was deemed a resounding success across the board, as it attracted over 15,200<br />
attendees/participants. The Exhibitor population consisted of 212 registered companies occupying<br />
253 booths, 3 pavilions and 6 sponsor pavilions, representing local, regional and international<br />
markets. A significant remainder of companies exhibited under other business and/or chambers<br />
and agencies from across the region.<br />
There were over 23 business sectors showcased in <strong>TIC</strong> <strong>2018</strong> with Food & Beverage and Construction<br />
having the largest number of participants. However, significant numbers were also noted from the<br />
Printing, Publishing, Packaging & Paper Convertors sector, the Information and Communication<br />
Sector and the Automotive Sector.<br />
The number of exhibitors, attendees and diverse sectors represented, indicates the continued<br />
interest in local companies (manufacturers and service providers) as well as regional and<br />
international companies wanting to take advantage of the exposure to new customers and markets<br />
that <strong>TIC</strong> facilitates.<br />
8 9
MY TOP<br />
TAKEAWAYS FROM <strong>TIC</strong> <strong>2018</strong><br />
BELOW ARE OUR TOP 7 TAKEAWAYS FROM<br />
THE <strong>2018</strong> CONVENTION:<br />
1. BE READY AND JUMP! – From the minute we saw the<br />
<strong>TIC</strong> competition being advertised on social media, we jumped<br />
at the opportunity and entered. The competition was quite<br />
opportune as in the preceding months, we had been exploring<br />
options on how to break into new markets. We were truly<br />
delighted when we were announced as one of three winners<br />
and committed to putting our best foot forward to represent<br />
Trinidad and Tobago.<br />
Described as the largest business networking event in the Caribbean, the Trade and Investment<br />
Convention <strong>2018</strong> convened over 15,000 buyers, manufacturers and consumers from the<br />
Caribbean, North America, Australia and Africa, from July 5th – 8th at the Centre of Excellence,<br />
Macoya.<br />
<strong>TIC</strong> <strong>2018</strong> was a whirlwind yet rewarding experience in more ways than one. From competing in<br />
the pitch competition, to being announced one of three winners, to participating in exhilarating<br />
television and radio interviews, this experience was a dream come through for For The Record<br />
Ltd. Our Team left the Convention reinvigorated, refocused and recommitted to advancing the<br />
FTR brand to the world!<br />
2. STANDOUT – When it came to decorating our booth, we<br />
vacillated between presenting a clean corporate image and a<br />
more artsy/creative vibe. We knew that whatever we decided,<br />
we wanted it to be a true representation of the FTR brand.<br />
Eventually we opted for a fusion of both options, which was well<br />
received by our booth visitors and evidently by the <strong>TIC</strong> judges<br />
as well. We were awarded Best Booth (Small) at <strong>TIC</strong> <strong>2018</strong>. Our<br />
takeaway? Be true to your brand. Focus on what’s right for your<br />
company, not on what others and doing or what has been done<br />
before.<br />
3. EXCELLENCE ALWAYS WINS – throughout the<br />
Convention, we were constantly humbled, yet bursting with<br />
pride when our booth visitors repeatedly commented on how<br />
uniquely innovative our products are. We were even more<br />
blown away when they mistakenly took us for an international<br />
company until we beamingly explained that we were established<br />
and operate right here in T&T. Such kind sentiments served to<br />
buoy our confidence to continue to produce quality products<br />
and strengthened our resolve to take our international level<br />
product to the world. This experience also reiterated for us<br />
the importance of exuding passion for your brand and infusing<br />
excellence into our product offerings. Customers feel this and<br />
respond to it.<br />
4. ALL THE WORLD IS A STAGE - <strong>TIC</strong> provided a<br />
platform upon which we were able to showcase our products<br />
to new audiences and network with actual and potential clients,<br />
particularly firms and business owners. The exposure to local<br />
and foreign suppliers and buyers was invaluable. Networking<br />
is a powerful tool in advancing any business. We were able<br />
to connect with shipping and logistics companies, packaging<br />
firms and other emerging brands with whom we were able to<br />
10 11
share experiences. On the consumer days, we really enjoyed<br />
interacting with customers and introducing them to our products.<br />
We received amazing feedback and patronage which were very<br />
encouraging. Overall, it was very heartening to see the diversity<br />
and calibre of products/services that are being offered by our<br />
local manufacturers.<br />
5. BE TRANSFORMATIVE, NOT TRANSACTIONAL<br />
- from the inception of FTR, we wanted our company to be a<br />
brand with a purpose beyond just making a profit. Our larger<br />
vision is to educate our clients and by extension our population<br />
on how to live greener lifestyles by reducing their carbon<br />
footprint. At FTR Ltd. we incorporate a ‘green’ approach into<br />
every aspect of our operations. We re-purpose vinyl albums<br />
as a viable alternative to unsafe disposal practices such as<br />
incineration and dumping in landfills. Our clocks come packaged<br />
in boxes made from recycled paper and re-usable, eco-friendly<br />
tote bags. Our larger mission is therefore one of environmental<br />
conservation and responsible waste management. In keeping<br />
with this mission, we used our <strong>TIC</strong> platform as an opportunity to<br />
raise our voice and create change in people’s lives. This is part of<br />
our corporate social responsibility.<br />
6. THE POWER OF GIVEAWAYS – Let’s face it: people<br />
love ‘free ting’. Because of the nature of our product we were not<br />
able to give samples however we decided to have our first ever<br />
giveaway. Over the course of the Convention days we invited<br />
our booth visitors to follow us on social media for a chance to<br />
win a record clock of their choice. The draw was done on the<br />
last day of the trade fair (Sunday). This activity introduced a new,<br />
fun dimension into our customer relations which we thoroughly<br />
enjoyed and will definitely employ again in the future.<br />
7. THE IMPORTANCE OF STELLAR BUSINESS<br />
SUPPORT - From the onset, the TTMA’s staff was very<br />
responsive to our questions and their attentiveness throughout<br />
the event made it evident that they genuinely had our best<br />
interest at heart. We especially loved the Proudly T&T Campaign<br />
and Business Education Programme. TTMA’s professionalism,<br />
foresight and overall event management made <strong>TIC</strong> <strong>2018</strong> a world<br />
class trade show! Can’t wait for <strong>TIC</strong> 2019!!<br />
12 13
FOR THE RECORD LTD. (FTR)<br />
WAS FOUNDED IN 2016 AND SPECIALIZES IN<br />
UNIQUE, HANDMADE, CUSTOMIZABLE CLOCKS<br />
MADE FROM UPCYCLED VINYL RECORDS.<br />
CONTACT<br />
PHONE: 1 868 713 3074<br />
EMAIL: FORTHERECORDLTD@GMAIL.COM<br />
FB: WWW.FACEBOOK.COM/FORTHERECORDLTD/<br />
IG: WWW.INSTAGRAM.COM/FORTHERECORDLTD/<br />
“<br />
<strong>TIC</strong> TESTIMONIAL<br />
On behalf of De Jeunesse Bath & Body, I must state with extreme gratitude to TTMA’s staff for allowing us to be a part of the <strong>2018</strong><br />
Trade and Investment Convention (<strong>TIC</strong>). Owning a small business from the age of 23 came with challenges and rewarding experiences.<br />
Winning a booth at this year’s tradeshow was surely rewarding. The opportunity to network with other entrepreneurs, B2B meetings with<br />
potential distributors and exporter are just a few things benefited from. We also had the great privilege of meeting hundreds of new<br />
customers over a three day period which grew our list of clientele tremendously.<br />
The business of skin care is a very competitive space not just locally but regionally. The markets are plagued with commercial products<br />
that are harmful to the skin with long-term side effects. Educating people about these harmful facts was one of our main tasks during the<br />
<strong>TIC</strong> event. This helped us to grow, and become more valuable as our new customers understand why our local, handmade soaps and<br />
lotions should be their preferred choice in order to “Maintain their Youthful Skin the Natural Way”. If you want your business to grow,<br />
attending next year’s <strong>TIC</strong> event is a no-brainer! Thank you TTMA for not only helping me to grow but for providing the stepping stones<br />
to make my small family business into a legacy.”<br />
14 15
Anguilla<br />
A coral and limestone island at the northern tip of the Leewards,<br />
the British overseas territory of Anguilla is best known as an<br />
upmarket destination for tourists and a haven for the wealthy.<br />
• Population 13,550<br />
• Area 96 sq km (37 sq miles)<br />
• Major language English<br />
• Major religion Christianity<br />
• Life expectancy 79 years (men), 81 years (women)<br />
• Currency East Caribbean dollar<br />
• UN, World Bank<br />
Anguilla has few natural resources, and the economy depends<br />
heavily on luxury tourism, offshore banking, lobster fishing, and<br />
remittances from emigrants. Increased activity in the tourism<br />
industry has spurred the growth of the construction sector<br />
contributing to economic growth. Anguillan officials have put<br />
substantial effort into developing the offshore financial sector,<br />
which is small but growing. In the medium term, prospects for<br />
the economy will depend largely on the tourism sector and,<br />
therefore, on revived income growth in the industrialized nations<br />
as well as on favorable weather conditions.<br />
Bahamas<br />
A former British colony and now a Commonwealth member, the<br />
country is a major centre for offshore finance and has one of<br />
the world’s largest open-registry shipping fleets. The Bahamas<br />
enjoys a high per capita income.<br />
• Population 391,000<br />
• Area 13,939 sq km (5,382 sq miles)<br />
• Major language English<br />
• Major religion Christianity<br />
• Life expectancy 72 years (men), 78 years (women)<br />
• Currency Bahamian dollar<br />
• UN, World Bank<br />
After having been strongly impacted by the global financial<br />
crisis, the Bahamas returned to positive economic growth. In its<br />
latest analysis, the IMF estimated Bahamas’ GDP to have grown<br />
1.7% in 2017, projecting a 2.5% growth for <strong>2018</strong>, driven by the<br />
phased opening of Baha Mar and related construction activity<br />
and by a stronger U.S. economy. In fact, the country is highly<br />
dependent on the economic situation of the United States. The<br />
Bahamas has a very high GDP per capita (the fourth highest rate<br />
in the Americas at about USD 25,916 in 2017, IMF).<br />
Countries<br />
PRESENT AT <strong>TIC</strong> <strong>2018</strong><br />
Antigua and Barbuda<br />
Antigua and Barbuda is one of the Caribbean’s most prosperous<br />
nations, thanks to its tourism industry and offshore financial<br />
services, but a reliance on tourism makes the nation vulnerable<br />
to downturns in the world market.<br />
• Population 100,000<br />
• Area 442 sq km (170 sq miles)<br />
• Major language English<br />
• Major religion Christianity<br />
• Life expectancy 74 (men) 79 (women)<br />
• Currency East Caribbean dollar<br />
• UN, World Bank<br />
Some 30% of land on Antigua is under crops or potentially arable,<br />
with 18% in use. Sea-island cotton is a profitable export crop. A<br />
modest amount of sugar is harvested each year, and there are<br />
plans for production of ethanol from sugarcane. Vegetables,<br />
including beans, carrots, cabbage, cucumbers, plantains, squash,<br />
tomatoes, and yams, are grown mostly on small family plots for<br />
local markets.<br />
Barbados<br />
Barbados is one of the more populous and prosperous Caribbean<br />
islands. Political, economic and social stability have given it a<br />
relatively high standard of living.<br />
• Population 285,000<br />
• Area 430 sq km (166 sq miles)<br />
• Major language English (Bajan, an English-African dialect,<br />
is widely used)<br />
• Major religion Christianity<br />
• Life expectancy 73 years (men), 78 years (women)<br />
• Currency Barbadian dollar<br />
• UN, World Bank<br />
The current growth forecast for <strong>2018</strong> has been revised downward<br />
to –0.25 per cent to 0.25 per cent, below the last quarter<br />
projected growth forecast of 0.5 per cent to one per cent.<br />
16 17
Grenada<br />
The tiny Caribbean island of Grenada is one of the smallest<br />
independent countries in the western hemisphere.<br />
Known as the Spice Island, it is the world’s second-largest<br />
producer of nutmeg after Indonesia and a significant producer<br />
of mace, cinnamon, ginger and cloves. It also boasts beautiful<br />
scenery with fertile valleys, rainforests and mountain lakes and its<br />
tropical climate and excellent beaches are a big draw for tourists.<br />
• Population 105,000<br />
• Area 344 sq km (133 sq miles)<br />
• Major languages English (official), French patois<br />
• Major religion Christianity<br />
• Life expectancy 74 years (men), 78 years (women)<br />
• Currency East Caribbean dollar<br />
• UN, World Bank<br />
The Gross Domestic Product (GDP) in Grenada was worth 1.12<br />
billion US dollars in 2017. The GDP value of Grenada represents<br />
less than 0.01 percent of the world economy. GDP in Grenada<br />
averaged 0.47 USD Billion from 1977 until 2017, reaching an alltime<br />
high of 1.12 USD Billion in 2017 and a record low of 0.07<br />
USD Billion in 1977.<br />
PANAMA<br />
• Population: 3.93 million (UN, 2016)<br />
• Capital: Panama City<br />
• Area: 75,517 sq km (29,157 sq miles)<br />
• Major languages: Spanish, English<br />
• Major religion: Christianity<br />
• Life expectancy: 74 years (men), 79 years (women) (UN<br />
2013)<br />
• Monetary unit: 1 balboa = 100 cents<br />
• Main exports: Bananas, fish, shrimp, petroleum products<br />
• GNI per capita: US$ 10,700 (World Bank, 2012-13)<br />
• Internet domain: .pa<br />
• International dialling code: +507<br />
Panama is a strong economic powerhouse that is supported by<br />
the services provided to the Panama Canal and the country’s<br />
banking system. Services include operating the Panama Canal,<br />
logistics, banking, the Colon Free Zone, insurance, container<br />
ports, flagship registry, and tourism. Economic growth will be<br />
bolstered by the Panama Canal expansion project that began<br />
in 2007 and is estimated to be completed by 2015 at a cost<br />
of $5.3 billion .The expansion project will more than double<br />
the Canal’s capacity, enabling it to accommodate ships that are<br />
too large to traverse the existing canal. The country’s average<br />
growth of 8.4% between 2007 and 2013 has made it one of the<br />
fastest growing economies in Latin America and one of the more<br />
sound economies (the country was able to successfully weather<br />
the global economic crisis which began in 2008). Indeed, the<br />
Republic of Panama remains a natural point of transit-be it<br />
money through its national financial centre , goods through its<br />
canal or people through its expanding airport.<br />
Dominican Republic<br />
The Dominican Republic is a middle-income country, with<br />
the largest economy in Central America and the Caribbean<br />
(WorldBank) Once ruled by Spain, the Dominican Republic shares<br />
the island of Hispaniola with Haiti, a former French colony. The<br />
Caribbean nation is a major tourist destination. This, coupled<br />
with free-trade zones, has become the country’s major employer<br />
and key sources of revenue, replacing dependence on sugar,<br />
coffee and other exports.<br />
In recent years the service sector has overtaken agriculture as the<br />
economy’s largest employer, due to growth in telecommunications,<br />
tourism, and free trade zones. The economy is highly dependent<br />
upon the United States, the destination for approximately half of<br />
exports. Remittances from the US amount to about 5% of GDP,<br />
equivalent to about a third of exports and two-thirds of tourism<br />
receipts. According to Forbes (2014), the Dominican Republic<br />
(DR), suffers from marked income inequality; the poorest half<br />
of the population receives less than one-fifth of GDP, while the<br />
richest 10% enjoys nearly 40% of GDP. High unemployment and<br />
underemployment remains a long-term challenge.<br />
• Capital: Santo Domingo<br />
• Major Languages: Spanish<br />
• Monetary Unit: 1 Dominican peso = 100 centavos<br />
• GNI Per Capita: US$ 5,700 (World bank 2014)<br />
• Population: 10.40 Million (World Bank 2013)<br />
• Area: 48,072 sq km (18,696 sq miles)<br />
• Life expectancy: 71 years (men), 77 years (women) (UN)<br />
• Main exports: Ferronickel, sugar, gold, silver, coffee, cocoa,<br />
tobacco, meats<br />
Haiti<br />
Haiti became the world’s first black-led republic and the first<br />
independent Caribbean state when it threw off French colonial<br />
control and slavery in the early 19th century.<br />
100% Juices<br />
No added sugar<br />
18 19
• Population 10.2 million<br />
• Area 27,750 sq km (10,714 sq miles)<br />
• Major languages Creole, French<br />
• Major religion Christianity<br />
• Life expectancy 61 years (men), 64 years (women)<br />
• Currency gourde<br />
• UN, World Bank<br />
Haiti’s economic freedom score is 55.8, making its economy the<br />
124th freest in the <strong>2018</strong> Index. Its overall score has increased by<br />
6.2 points, with dramatic improvements in fiscal health, property<br />
rights, and judicial effectiveness. Haiti is ranked 25th among 32<br />
countries in the Americas region, and its overall score is well<br />
below the regional and world averages.<br />
CUBA<br />
• Population: 11.389 million (World Bank, 2015)<br />
• Capital: Havana<br />
• Area: 110,860 sq km (42,803 sq miles)<br />
• Major language: Spanish<br />
• Major religion: Christianity<br />
• Life expectancy: 77 years (men), 81 years (women) (UN)<br />
• Monetary unit: 1 Cuban peso = 100 centavos<br />
• Main exports: Nickel, sugar, tobacco, shellfish, medical<br />
products, citrus, coffee<br />
• GNI per capita: Estimated to be upper middle income:<br />
$3,946 to $12,195 (World Bank, 2009)<br />
• Internet domain: .cu<br />
• International dialling code: +53<br />
Cuba, a large Caribbean island nation under communist rule,<br />
is known for its white-sand beaches, rolling mountains, cigars<br />
and rum. The native Amerindian population of Cuba began to<br />
decline after the European discovery of the island by Christopher<br />
COLUMBUS in 1492 and following its development as a Spanish<br />
colony during the next several centuries.<br />
An US intervention during the Spanish-American War in 1898<br />
overthrew finally Spanish rule.<br />
Fidel CASTRO led a rebel army to victory in 1959; his iron rule has<br />
held the country together since. Cuba’s communist revolution,<br />
with Soviet support, was exported throughout Latin America and<br />
Africa during the 1960s, 70s, and 80s.<br />
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What<br />
is a<br />
Buyer<br />
Buyers are known as purchasing agents, analyzers,<br />
negotiators and dealmakers. They research, evaluate and<br />
buy products or services for companies to either resell<br />
to customers or use in their everyday operations. At the<br />
Trade and Investment Convention (<strong>TIC</strong>), a buyer is the<br />
umbrella term for all attendees, investors and consumers<br />
with genuine purchasing power, who come to meet with<br />
exhibitors, to see their products and services, and to<br />
network with potential business partners.<br />
Classifications of buyers into categories are: -<br />
• Distributors<br />
• Wholesalers<br />
• Retailers<br />
• Investors<br />
• End Users<br />
This is all based on their level in the distribution chain for<br />
setting prices or discounts.<br />
The Trade and Investment Convention (<strong>TIC</strong>) is a<br />
sophisticated platform for conducting business on a<br />
national and international scale. <strong>TIC</strong> offers a great platform<br />
for exhibitors they get exposure locally, nationally and<br />
internationally. Buyers are targeted and brought in from<br />
all over the world to participate in Business to Business<br />
(B2B), so that exhibitors can :-<br />
Tips for attracting Buyers<br />
The Trade and Investment Convention (<strong>TIC</strong>) is a big investment<br />
for several companies, hence the main goal for most is to get a<br />
buyer who will invest in their product or service and gain new<br />
lifetime customers. Here are some tips that can assist you<br />
1. To achieve your market goals, it is important to understand all<br />
of the factors that contribute to a successful market experience.<br />
Here are a few simple questions to ask yourself/company. Does<br />
your product offer something beneficial or introduce something<br />
new to the market? Do you have the ability to increase production<br />
if necessary? And when can you deliver?<br />
2. You will see hundreds of potential buyers at the Trade and<br />
Investment Convention (<strong>TIC</strong>). It is important to have a strategy<br />
to capture their attention and information in order to continue<br />
communicating with them once <strong>TIC</strong> ends. Consider taking a<br />
tablet or another mobile device with you to collect information.<br />
3. Preparation is key, not just to successful exhibiting, but also to<br />
building a brand with longevity.<br />
4. Be prepared. Once you get the list of buyers who have asked<br />
to meet with you, do your homework and research their needs.<br />
Reach out to them before the show and let them know you are<br />
looking forward to meeting them.<br />
• Conduct one on one conversation in real time and<br />
5. Be ready for the buyer, you have 20 minutes to meet with you.<br />
present hands on demonstrations.<br />
If they have to wait, they feel unimportant and you are losing<br />
• Gain brand credibility and exposure which helps with<br />
valuable time with them.<br />
the increase of sales.<br />
• Build relationships with several buyers locally, regionally<br />
and internationally.<br />
• It’s the fastest and easiest way to collect qualified leads.<br />
• Meeting in person allows an exhibitor to educate the<br />
“<br />
buyer about new a product or service and quickly answer<br />
any questions they have.<br />
• Buyers have the opportunity to share valuable feedback<br />
with you.<br />
• See the return on investments (ROI).<br />
• Get sales and follow up on sales.<br />
6. It’s critical to think outside the box with ways to extend<br />
your message beyond the <strong>TIC</strong>. Writing follow-up blog content,<br />
publishing videos from the convention and staying connected to<br />
prospects on social media are all effective ways to do this. Also,<br />
hand out free promotional giveaways at your company’s booth.<br />
You never know, that reusable shopping bag or customized pen<br />
sitting around the CEO’s office could put your company at the<br />
top of mind and get the conversation going internally.<br />
7. Ensure that anyone working for you at the <strong>TIC</strong> can deal with<br />
any commercial and technical inquiries buyers might have.<br />
8. Let buyers know you’re at the show. Email your existing<br />
customers and prospects with details about the Trade and<br />
Investment Convention (<strong>TIC</strong>) and tell them where to find<br />
you. Encourage them to register early. Place details of your<br />
participation on your website and include event information in<br />
all your marketing communications.<br />
9. Don’t feel bad if a buyer does not show interest there and<br />
then. Many buyers won’t place an order until they’ve seen you at<br />
market level. Ensure that you get the buyers business card and<br />
direct future market efforts their way.<br />
10. Prepare an elevator pitch. Sometimes buyers are tired after<br />
meeting with persons for very long days. Having a 30 second<br />
pitch on your product can go a long way in case you see the<br />
buyer is tired and restless. Their response to this pitch could help<br />
you navigate the rest of the meeting.<br />
Buyers are known as purchasing agents, analyzers,<br />
negotiators and dealmakers. They research, evaluate and<br />
buy products or services for companies to either resell to<br />
customers or use in their everyday operations.<br />
“<br />
22 23
<strong>TIC</strong> 2019<br />
Q FA<br />
S<br />
Is it Free to attend the Trade and<br />
Investment Convention as a Buyer/<br />
Consumer or is there a cost attached<br />
?<br />
To attend <strong>TIC</strong> 2019 for FREE, you must PRE-REGISTER<br />
on our website ttma.com/tic as a ‘Buyer’ or ‘Consumer’.<br />
Are there Special Rates or Discounts<br />
from Airlines, Hotels and Ground<br />
Transportation Companies for <strong>TIC</strong><br />
2019 Participants?<br />
?<br />
Please visit the ‘Travel’ page on our website ttma.<br />
com/tic for updates on all Airline, Hotel and Ground<br />
Transportation Specials and Discounts offered to <strong>TIC</strong><br />
Participants by our Partners.<br />
Will there be any Business-Education<br />
Programmes offered at <strong>TIC</strong> 2019?<br />
?<br />
<strong>TIC</strong> 2019 will offer a diverse Business-Education<br />
Programme in the form of Seminar/workshop<br />
opportunities. To sign up to host a seminar/ workshop<br />
contact Mr. Christian George at trade@ttma.com. To<br />
attend a seminar or workshop, visit the ‘Seminars’ page<br />
on our website for updated information and how to<br />
register.<br />
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