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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 />

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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 />

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$<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 />

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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 />

20 21


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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