New CDB-EU Project to Strengthen Export Capacity for Antigua and Barbuda’s MSMEs to Enter EU Markets

Micro Small and Medium Sized Enterprises (MSMEs) of Antigua and Barbuda will soon benefit from Capacity Building interventions that will enable private sector entities to access markets in the European Union (EU). The project entitled “Strengthening Private Sector Capacity to Utilise the CARIFORUM European Union Economic Partnership Agreement (EPA) to Increase Competitiveness and Maximise Opportunities for Global Export” is the second project being implemented in Antigua and Barbuda through the EPA and CSME Standby Facility for Capacity Building. The project will also focus on interventions aimed at greater market penetration within the CSME by building sustainable export capacity of MSMEs. According to the Honourable E.P. Chet Greene, Minister of Foreign Affairs, Agriculture, Trade and Barbuda Affairs, Antigua and Barbuda “…the project signifies a new era in our collaboration with the private sector towards greater economic growth, competitiveness, innovation, and overall development and will assist local MSMEs to overcome existing export and market access barriers.” He added that the Government must focus on empowering businesses to tap into their full potential. The new project is being managed by the Caribbean Development Bank (CDB).


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