GENESIS OF CAIPA
Following several meetings of Ministers and senior officials of the investment promotion agencies of the Caribbean held between the period 28 - 30 June 2004, in Port of Spain, Trinidad, the Caribbean Association of Investment Promotion Agencies (CAIPA) was launched on 20th November, 2007 in Kingston, Jamaica. The Association was established as an umbrella Association with the objective of enabling collaboration among the CARIFORUM Investment Promotion Agencies (IPAs).
CAIPA was founded with the assistance of funding provided by the European Union through a PROINVEST Programme and with the guidance and leadership of investment promotion agencies within the Caribbean, namely, TIDCO, JAMPRO (Jamaica Trade & Invest) and Centro de Exportación E Inversión de la Republica Dominicana (CED-RD).
To date CAIPA’s membership comprises 19 IPAs within the region including representation from the Dutch and British Overseas Countries and Territories. The member countries include: Antigua and Barbuda, Bahamas, Barbados, Belize, the Cayman Islands, Curacao, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, Montserrat, Saint Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, and the Turks and Caicos Islands.
OBJECTIVES OF CAIPA
CAIPA is dedicated to the support and advancement of the following purposes:
a. to promote and develop understanding and cooperation among investment promotion agencies, and other national investment promotion entities, within the Caribbean Region;
b. to strengthen information gathering and information monitoring systems as well as actively promote information exchange amongst these investment promotion agencies;
c. to share country and regional experiences in attracting investment;
d. to facilitate and assist Caribbean investment promotion agencies, and other national investment promotion entities, to gain access to technical assistance and funding through advice, technical support and referrals to relevant bilateral or multilateral agencies;
e. to assist Caribbean investment promotion agencies in advising their respective governments in the formulation of appropriate investment promotion policies and strategies;
f. to provide advisory and pro-active services to the membership related to –
• regional image building and regional investment promotion
• policy advocacy
• capacity building
• research and information
• investment generation
g. to provide common advocacy and unified representation to governments business organisations, bilateral and multilateral agencies and other institutions on matters of common interest to members of the body.
MAIN ASPECTS OF CAIPA’S WORK PROGRAMME
With funding support provided by the European Union under the 10th Economic Development Fund (EDF) Regional Private Sector Development Programme (RPSDP), CAIPA has responsibility for implementing the following main activities:
• Branding of the region as an investment destination to attract foreign direct investments (FDI)
• Strategic Investment Promotions Missions to and from target markets
• Technical assistance and Capacity building for CAIPA members
• Procurement of investor targeting and tracking software
• Caribbean Business Policy Dialogue
• Sector and Benchmarking Research, Analysis and FDI data management