Posted at 7:29 AM
The Caribbean is much more than a vacation destination with blue water and warm sand, it’s actually a steadily growing market with tremendous business opportunities for minority-owned firms. In fact, the Caribbean is the 3rd largest market for U.S. exports in Latin America – behind only Mexico and Brazil – with $18.5 billion in U.S. goods and services.
For U.S. minority-owned businesses interested in exporting but not sure where to start, the Caribbean offers close proximity to the United States and offers free trade agreements already in place.
Companies providing the following products and services should consider an export strategy:
- Household Consumer Goods
- Building products
- Air Conditioning
- Telecommunication Equipment & Services
- Computers and Peripherals
- Automotive Parts and Services
- Food Processing and Packaging Equip.
- Cosmetics and Toiletries
- Electrical Power Systems
- Hotel & Restaurant Equipment & services
- Drugs and Pharmaceuticals
To find out if the Caribbean is right for you and your product or service, visit one of our MBDA Minority Business Development Centers.