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of this Conference were that: Caribbean
IFCs needed to diversify away from the
current unsustainable focus on tax-
efficiency, to more sustainable areas
of service, through basic research that
develops non-tax driven products that
Caribbean jurisdictions may adopt; and
that there needed to be the coordinated
delivery of training programs geared
at the achievement of internationally
recognized, practitioner qualifications.
Building on the outcomes of the 2012
Conference, the 3rd meeting was
convened with the aim of: discussing
the full range of global policy measures
and initiatives that directly affect the
Caribbean IFCs, fostering greater
recognition and support of the positive
work performed by the Caribbean IFCs,
and facilitating a more collaborative
and inclusive process in the redesign
of International Financial Architecture.
The Conference also discussed and
agreed on the road map to facilitate
the strengthening and development
of the industry, as well as review the
work and strategic direction of the TFP-
CFS charged with leading the regional
agenda. The sessions resulted in the
identification of several interlocking
areas for action, namely: a strategy
for the development of the Caribbean
financial services sector, development
of human capital, regulation and
compliance, as well as advocacy and
coordination.
Subsequent to the Conference and
based on the agreed recommendations,
Caribbean Export launched an open
tender to develop a Road Map and
Action Plan for the establishment of a
Caribbean Regional Financial Services
Institute on June 3, 2014. Caribbean
Export also contracted a consultant to
develop a strategic plan and roadmap
toward the establishment of a Financial
Services Secretariat. During the contract
period, the Agency facilitated a meeting
of CARIFORUM/FCOR/OCT Task Force
in Grand Cayman, Cayman Islands
June 26, 2014. Within the context of
the Task Force meeting, the opportunity
was taken to convene a meeting of
financial services stakeholders present
from CARIFORUM countries and OCTs
including British Virgin Islands, Cayman
Islands, Bermuda, Montserrat, The
Bahamas, Antigua and Barbuda and
Barbados.
Task Force for the Promotion and
Protection of the Caribbean Financial
Services Sector
The Agency has also convened five
meetings of the Task Force for the
Promotion and Protection of the
Caribbean Financial Services Sector
(TFP-CFS), with the primary objectives
of being the main technical body
at the regional level addressing
issues affecting the sector; providing
recommendations to the financial
sector and political directorate
regarding improved regulation and
legislation; establishing a strategic and
comprehensive regional position for
coordinated lobbying and advocacy for
Caribbean Export and EPA Implementation in the Caribbean Services Sector
BENEFICIARY SUCCESSES USING THE EPA