KINGSTON, Jamaica, October 23, 2006 – Jamaica is launching two business programmes designed to capitalise on long-term business opportunities arising out of World Cup Cricket 2007 (CWC 2007).
North American Regional Manager of the Jamaica Promotions Corporation (JAMPRO), Melvin Smith, said that the government would use the hosting of the CWC event to help level the playing field of the global economy, through the establishment of the Caribbean Business Club (CBC) and the Caribbean Business Opportunity Service (CBOS).
“A growing business trend today is for corporations, even competitors, to collaborate for mutual benefit. Companies have discovered that they need to form strategic partnerships that either leverage or complement their capabilities and resources if they are to be successful and achieve global leadership,” he said.
Smith noted that in the current environment of increased competitiveness and more discerning and empowered consumers, more companies are discovering the value of collaboration, especially across national borders.
“Any vehicle that can potentially provide a framework to facilitate collaboration is a value adding component to the process,” he said.
The CBC is designed to be such a value adding component, providing a formal network for Caribbean and international business concerns to interact.
Its main objective will be to leverage the heightened spotlight that the Caribbean region will receive, into a platform for on-going business partnering and collaboration well after the event has passed.
While the CBC is a longer term proposition, its counterpart, the CBOS is geared to be more immediate, providing opportunities for Jamaican and Caribbean companies to trade in goods and services for major upcoming events and projects like the CWC.
Smith said that it was very important for regional business interests to take careful note of the CBOS, as it is expected to play a critical role in educating the community about key aspects of projects, like the CWC, that present a range of opportunities and possibilities.
“The CBOS will ensure the efficient flow of information between events and project organizers and their key contractors with local companies interested in supplying to the projects,” he said.
Nine countries across the Caribbean will host the 16-team tournament from March 5 through April 28, an undertaking that Robert Bryan, Executive Director of the Jamaica LOC said was a big deal for the sports and the region in particular.