May 2015 - page 23

Business View Caribbean - May 2015 23
of an export market. It is one sure way to break free
from the limitations of the local market. A number of
manufacturers are already export ready, while others
are putting things in place to be ready.
Consequently, the BMA is working on compliance.
FDAA regulations for the importation of food and Mi-
ami-Dade standards for the importation of windows
and doors are examples of the standards which must
be met for local manufacturers to successfully export
to U.S. markets. The association is working with agen-
cies such as the National Council for Science and
Technology and National Standards Institute to help
manufacturers reach compliance.
As in any business sector, stronger strategic partner-
ships are vital. There is a need for greater inter-agency
collaboration between the BMA, the Barbados Indus-
trial Development Corporation and the Small Business
Association, and others. The primary objectives are
the same – local business development and growth of
the national economy. As resources are pooled, best
practices shared and national opportunities maxi-
mized, the economy can grow.
“Is there still a lot of work to be done? Of course the
answer is yes,” Nicholls said. “From standards to label-
ling to marketing and beyond, there is a lot manufac-
turers need to do to safeguard their future. However,
the biggest factor which will determine our success is
our attitude and tenacity. As the association continues
to celebrate 50 years of service to Barbadians, it asks
that Barbadians continue to support local products,
local jobs and drive the country’s future as a nation.”
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