Bahamian businesses looking to expand their international trade opportunities and obtain relevant market information can now access The Bahamas’ first ever Trade Information Service Portal.
The portal is a unique online platform which provides market information to Bahamian businesses as wells as tools and guidance on how to access new export markets. The portal was developed through a collaboration between the Ministry of Financial Services and The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) and was funded by the European Union (EU).
Financial Services Minister Hope Strachan noted that Bahamian businesses to take advantage of the benefits negotiated by the Government under the Economic Partnership Agreement (EPA) according to Financial Services Minster Hope Strachan. The Bureau of Standards will ensure that Bahamian businesses are equipped to meet global standards Minister Strachan noted.
“While the Bahamas Trade Information Portal cannot provide a solution to all of the challenges of globalization, it certainly will provide a wide array of tools for them to expand their horizon, improve their competitiveness and gain the requisite knowledge and skills to grow. There is no doubt that the portal will provide a wealth of information. We cannot gain a competitive edge in a competitive global environment by simply having access to information,” said Mrs Strachan.
She added: “Through this online trade information service, Bahamian entrepreneurs will have access to an array of dynamic tools. The portal contains valuable market intelligence tools that can provide guidance for Bahamian businesses seeking to identify new export markets. Customized reports on key sectors will provide valuable insight into market trends and emerging markets with impressive growth and untapped potential.”
Local exporters will be allowed to market their company through individualized mini web pages featuring their products and services. SME’s can also connect to international buyers through a free Google search optimized exporter directory. Businesses can also connect to the International Trade Centers small and medium enterprise academy and take advantage of free e-learning course.