Fourth annual commerce mission deepens Scots ties with Barbados

A TOTAL of twenty-two Scottish corporations and organisations have returned from a profitable commerce mission to Barbados with a slew of recent enterprise alternatives. 

The yearly Scottish Commerce Mission to Barbados and the Jap Caribbean creates a discussion board for Scottish entities to strike offers and construct relationships with the Caribbean Island.

Now in its fourth yr, the commerce mission provides alternatives for networking and enterprise improvement and in addition goals to advertise financial ties between the 2 international locations. 

The annual Scottish Commerce Mission to Barbados fosters profitable enterprise ties between the 2 international locations

The mission was organised by Make investments Barbados, the funding promotion company for the island, in partnership with the British Excessive Fee, the Renfrewshire Enterprise Community of Scotland and the UK Division for Enterprise and Commerce (DBT).

The Workplace of Nationwide Statistics lately discovered that commerce between the UK and Barbados grew by 43% for the 4 quarters to June 2023.

British exports to the island have been additionally discovered to have elevated by 83% in comparison with the identical interval in 2022.

Barbadian Minister of State in International Commerce and Enterprise Growth, Sandra Husbands, spoke in the course of the opening session of the commerce mission held on the City Corridor on the Crane Resort, St Philip. 

In her speech, the Minister emphasised the significance of transparency and substance in enterprise. 

She additionally highlighted what she referred to as Barbados’ aggressive economic system and business-friendly surroundings, which she stated proved enticing to formidable Scots corporations all through the commerce mission.

Each the British and Barbados Excessive Commissioners welcomed the Scots corporations to the occasion, noting that being in Barbados gave corporations an necessary alternative to see the advantages of working internationally.

Kaye-Anne Greenidge, CEO of Make investments Barbados stated: “Annually, delegates from the commerce mission return to Scotland with nice success tales to share and this yr is not any totally different.

“It’s unbelievable to see so many offers being struck, together with in cybersecurity and life-style, proving that Barbados is an island of alternative.

“It’s not simply the local weather and high quality of life that makes Barbados enticing, there’s additionally a welcoming funding local weather and a steady socio-political backdrop.

“We hope that every one delegates discovered the expertise to be rewarding and constructive and can contemplate becoming a member of us once more in 2024.”

Jo Smith of the Renfrewshire Enterprise Community added: “Scotland boasts robust historic hyperlinks with Barbados, and I’m happy to see these being strengthened between our two nations.

“This mission has allowed offers to be struck and agreements made to progress discussions additional in a variety of sectors.

“The assist of Make investments Barbados and the DBT has confirmed invaluable in progressing these relationships.”

On account of this yr’s mission, the College of the West of Scotland (UWS) signed a memorandum of understanding with the College of West Indies.

One of many Scottish college’s dementia specialists, Dr Anna Jack-Waugh, additionally led two dementia seminars.

UWS was additionally in a position to share its experience in water shortage, aquaculture, skinny movies/ultrasound, and dementia care. 

Additionally in the course of the mission, life coach and mentor, Cat Peterson, met with Tom Hinds of the Naniki resort.

The 2 agreed to additional discussions, aimed toward bringing SPACE retreats for women-led companies to Barbados. The retreats supply girls enterprise leaders the house to attach, focus and develop. 

In the meantime, HowGroupUK opened up new methods of supporting Barbados and the Caribbean with its provide of renewable power merchandise.

The group additionally agreed that Barbados could be the pilot for some new and upcoming improvements in inexperienced power.

As a part of the commerce mission, PRM Waste Programs signed an settlement with Barbados agency Shorelinez and Stuffers.

Shorelinez and Stuffers specialises in offering high-quality contemporary and frozen seafood to eating places all through the Caribbean. It can import PRM’s vary of meals waste processors within the space.

ID Cyber Options additionally held talks in the course of the commerce mission and has been requested to return quickly to signal contracts.

The cyber safety agency is bringing the brand new IASME Cyber Baseline safety certification for organisations outdoors the UK to the island.

This certification scheme appears to make sure that organisations have vital cyber safety safety measures in place.

The enterprise has been working with the Barbados police and the Regional Safety System, the army alliance answerable for the defence and safety of the jap Caribbean.

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