Business View Caribbean - June 2024

in the Caribbean.The region is becoming an attractive destination for outsourcing services, thanks to its strategic location, skilled workforce, and favorable business environment. Investments in this sector can create high-quality jobs, enhance service delivery, and boost economic development. FOCUS ON LOGISTICS A significant upcoming event for CAIPA is the Caribbean Logistics Investment Conference (CLIC), scheduled for June 19-21 in Miami.“This conference aims to address the logistics challenges in the region and showcase investment opportunities in sea and air transportation, e-commerce, and special economic zones,” Theodore explains. The conference will bring together policymakers, entrepreneurs, investors, and IPAs to discuss and promote logistics sector investments. “It’s about moving fromdiscussing challenges to taking concrete actions to improve the logistics infrastructure in the Caribbean,” Theodore emphasizes. Logistics is a critical sector for the Caribbean, given the region’s dependence on imports for food, medical supplies, building materials, and other essentials. “Improving logistics infrastructure is key to enhancing the region’s economic resilience and competitiveness,” Theodore notes. The conference will highlight investment opportunities in port expansions, airport developments, and e-commerce logistics, showcasing this sector’s potential for growth and innovation. NETWORKING OPPORTUNITIES The CLIC conference will also provide valuable matchmaking and networking opportunities for investors and project developers. “We aim to facilitate meaningful connections and collaborations that lead to concrete investment deals,” Theodore explains. By bringing together stakeholders across the logistics value chain, the conference will foster a collaborative approach to addressing the region’s logistics challenges. EXPANDING MEMBERSHIP CAIPA aims to expand its membership and strengthen collaboration among its member agencies. Theodore says, “We started with seven members and have grown to 24. We hope to continue this growth and welcome new members to our association.” By fostering a spirit of collaboration, CAIPA ensures that its members work together to address common challenges and seize opportunities. 21 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 06 THE CARIBBEAN ASSOCIAT ION OF INVESTMENT PROMOT ION AGENCIES