services export unit assisting services providers to realize their export potential
TRANSCRIPT
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Services Export Unit
Assisting services providers to realize their export potential
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Agenda
• About exporTT • Sectors of Focus • exporTT’s Services:- Capacity building - Research Unit
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exporTT’s Mandate
• “creating internationally competitive firms in the non-energy manufacturing and services sectors to grow and diversify trade and generate wealth through export led growth”
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Sectors of Focus
Services Sectors
ICT Services
Maritime Services
Construction Services
Energy Services
Professional Services
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CAPACITY BUILDING
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Co-Financing Defined
• A Company shall receive financial support from exporTT on the condition that the company will be reimbursed for a portion of the pre-approved investment, purchase, cost or expense incurred by the company in reaching selected export markets
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Key Elements
• Reimburse a portion of the pre- approved investment, purchase, cost or expense incurred by the company
• the penetration of selected export markets
• available for services
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Eligible Service Sectors
• Construction Services • Energy Services • ICT Services • Maritime Services • Professional Services • Creative Services – Film & Animation, Fashion
and Music
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Eligible Activities – ICT Services
Tender Fees for International
Tenders
Legal Fees Associated with
conducting business in target
markets
Translation &Interpretation
Services
Registration at International
Conferences to promote ICT Services
Booth Rental at Trade Shows
Business to Business
Matchmaking Services
Technical Costs re International Standards
Certification eg ISO 9001, ITIL 2700
Booth Design at Trade Shows
Ground Transport for exporTT led groups at
trade missions & tradeshows
Short-Term Professional Work Permit
Fees (6 months maximum)
Registering to do Business in
foreign countries
Shipping of Promotional Materials
9
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Eligibility Criteria
Proof of Business Registration/Incorporation
Company must be locally owned (greater than 50% must be
locally owned)
Exporting products must be manufactured locally
Only Level 1-3 exporters are eligible for the co-financing
service
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Criteria for classification of exporters by level
Annual Export Sales
Export Frequency
% extra Regional –CARICOM
Exports
Export Market Reach
International Standards Export Strategy
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Classification of Exporterso Level 1- Exporting to
diverse extra-regional markets with different languages, cultures FCOR’s, Europe, Asia, Africa
o Level 2 – Exporting to regional markets with similar languages, cultures, standards and practices eg CARICOM, USA
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Classification of Exporterso Level 3 – Pre Export Stage
with management commitment to engage in active exporting and are willing to fill occasional export orders
o Level 4 – Firms cater solely for domestic market but are willing to fill unsolicited export orders
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Co Financing Limits per fiscal year (Oct – Sep)
o Level 1 Exporter: TT$150,000
o Level 2 Exporter: TT$ 75,000
o Level 3 Exporter: TT$25,000
o Per exporter, per year
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exporTT’s Services International Standards
• In fulfilment of its mandate, exporTT provides firms with technical and financial assistance to meet international standards and receive certification.
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exporTT’s Services International Standards
• Service providers exporTT assist companies working towards ISO 9001 certification
• exporTT covers 50% of the cost of obtaining ISO 9001 up to 100,000.00 (TTD)
• Financing limit is 50,000 (TTD)
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RESEARCH UNIT
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• Technical standards• entry requirements for service providers• consumer trends internationally and
regionally • International Tenders• Market size, culture, demographics• Facilitate ad hoc requests
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Thank You
www.exportt.co.tt