11 September 2009
The Caribbean Council
The Economic Crisis in Cuba
THE CUBA 29 September 2009, Canning House, London
INITIAIVE Speaker: Emily Morris, author of the Economist Intelligence Unit's
Cuba reports and Associate at the International Institute for the
SStudy of Cuba
S Chairman: David Jessop, Director of the Cuba Initiative
----- Cuba is currently suffering its most serious economic crisis since
the 'special period' of the 1990's. Well documented in Cuba Briefing and in some specialist
media, the Cuban Government has blamed the sharp decline in Cuban growth on the global
economic crisis and continuing inefficiencies in its economic system.
The crisis, which has created a balance of payments and liquidity crisis and the imposition of
wide ranging austerity measures, has negatively impacted on some foreign companies
operating in Cuba, with reports of many cases where foreign companies have been unable
to withdraw funds from their Cuban accounts.
All of this is happening at a time when the expectations of the Cuban people about a
changed relationship with the US are high and the US has begun to progressively engage in
a dialogue on functional co-operation with Cuba. It is also happening as US travel
restrictions have all but been lifted on Cuban Americans and there is pressure in Congress to
remove the overall travel ban on US citizens completely.
In this seminar, Emily Morris will provide an economic analysis of what has brought Cuba to
its current economic crisis and will share her thoughts about the future economic outlook for
the island. David Jessop will support Emily's economic analysis with a more general
overview of the context of the current situation in Cuba and the US.
This seminar will provide an invaluable opportunity to gain an insight in to the economic
crisis and to understand the impact on change in both Cuban and US policy that it is likely to
This is a closed event for members of the Cuba Initiative and corporate members of Canning
House. It is free of charge and will take place under Chatham House rules. The event will
be followed by an informal reception with rum kindly provided by Havana Club.
To find out more about membership of the Cuba Initiative or to book your place at the
event (members only) please contact Stephanie Whittle stephanie.whittle@caribbean-
Special Discounts Available for the
Ai! Commonwealth Business Forum
S 23-26 November, 2009, Port of Spain, Trinidad
r b The Commonwealth Business Forum (CBF) is the key private sector
'- event associated with the biennial Commonwealth Heads of
Government Meeting (CHOGM). The CBF adds a significant
business and economic dimension to CHOGM and will be attended by some 800 business
and community leaders from 40 different countries. The theme of this year's forum is
"Partnering for More Equitable and Sustainable Future the Commonwealth and the
This year is the 60th anniversary of the modern Commonwealth. The CBF provides al
platform to promote practical ways to enhance trade and investment, to build new business
partnerships, and to contribute to key policy recommendations presented to CHOGM.
15-17 September, 2009
Regional Workshop on Intellectual
23 September, 2009
Regional Audi Visual workshop,
29 September, 2009
The Economic Crisis in Cuba,
5 October, 2009
Cultura y Cubania Festival Launch,
15 October, 2009
IPA/EDA Networking Event, Jamaica
High Commission, London
16-20 November, 2009
Trade Mission to Jamaica
23-26 November, 2009
Commonwealth Business Forum,
Port of Spain, Trinidad
4-6 May, 2010
Caribbean Hotel and Tourism
Investment Conference, Puerto Rico
For information on any of the above
events please contact
This newsletter is sponsored by:
In 2009, Virgin Atlantic celebrates
25 years of flying. In this time it has
become the largest scheduled airline
between Europe and the Caribbean,
carrying 825,000 passengers on its
ten Caribbean routes last year.
Virgin Atlantic flies to Antigua,
Barbados, Grenada, Havana,
Kingston, Montego Bay, St Lucia
and Tobago from London Gatwick
and to Barbados and St Lucia from
For more details and to make
bookings, please visit www.virgin-
The four day programme features over one hundred speakers, and includes a number of Heads of Government and Ministers from the
Commonwealth. Confirmed Caribbean heads include Hon Tillman Thomas, Prime Minister of Grenada, Hon Patrick Manning, Prime
Minister of Trinidad and Tobago, Hon Bruce Golding, Prime Minister of Jamaica, and Hon David Thompson, Prime Minister of Barbados.
HE Kamalesh Sharma, Commonwealth Secretary General, will also be present.
Prof. Joseph Stiglitz, 2001 Nobel Prize Laureate and author of "Globalization and Its Discontents", "Rethinking the East Asia Miracle"
and the "Economics of the Public Sector", along with many other high profile speakers from the private sector, will speak at the forum,
which will take place on a cruise liner in Port of Spain.
Energy, technology, the new global financial sector, climate change and skills challenges are some of the key themes to be explored at
CBF, with the programme featuring a mixture of plenary and interactive sessions focused on trade and investment, along with two
high profile gala dinners and a lunch gala on the final day. The programme includes a session entitled "Caribbean: A Place to do
Business". There is also the opportunity to participate in the B2B Project Exchange Centre, offering an opportunity to meet with
investors and discuss investment and tender proposals, as well as key site visits on 27 November.
The CBF is especially designed for those with an interest in practical networking at the highest level and who are looking to access
finance, business insights, and new markets to improve business competiveness.
Conference packages start from US$2,600, including accommodation and meals. A discount of US$400 is available for those booking
before 15 September, and those quoting the Caribbean Council will receive an additional US$50 discount using the promotional code
CBF09CARICOUNCIL. Discounts with airlines are also available, and include up to 20% off Virgin Atlantic and British Airways amongst
others (contact the organizers for further information). To see a copy of the latest programme and to book your place, please click
the links below. For further information please contact Vasundhara Puri +44 (0)20 7024 8220 or
http: //www.cbcalobal.ora/CBCG Librarv/CBF%/o20Brochure.pdf
http: //www.cbcalobal.ora/CBCG Librarv/CBF0/o20Bookina%o20Form.pdf
JAMAICA Trade and Investment Mission to Jamaica
TRADE & INVEST 16-20 November, 2009
Jamaica Trade and Invest is organising a highly specialized trade and investment mission to Jamaica
between Monday 16 November and Friday 20 November 2009.
The mission will focus on:
European companies taking advantage of free trade in the Caribbean Single Market Economy (CSME) by establishing trade offices
in Jamaica or distribution agreements with Jamaican companies with a view to providing your goods or services to the Caribbean
Single Market Economy.
European companies manufacturing or assembling goods in Jamaica at reduced operational costs (relative to the EU) and exporting
those goods to the EU duty free, pursuant to the Economic Partnership Agreement (EPA).
Reducing the operating costs of European companies by outsourcing back office services to Jamaica, which is the leading provider
of business process outsourcing services in the English speaking Caribbean.
Public/private partnerships for infrastructure projects.
Investments in hotel and tourism attraction developments.
Investments in agricultural and agro-processing projects.
Creative Industries: music (networking with stakeholders in the Jamaican music industry) and Film (location scouting, networking
with Jamaican film production companies, etc.).
Maritime Industry: ship registration and investments in the provision of maritime services.
Renewable energy: investments in wind-fields, and assembly of solar electric generators for sale in the CSME.
Discounted flights are available with British Airways for 155 return in economy or 550 return in World Traveller Plus. The mission
hotel will be the Courtleigh, with a special room rates available at $115 US Single and $125 US double plus tax.
Besides group networking opportunities and meetings, each participant will be provided with a specialised meeting programme tailored
to their requirements. For more information about the mission please contact Laurence Jones, Regional Manager of JT's European
Offce on +44(0)207 584 8894 or at lionesci&i.org.imn
Supporting Partners o. Cal bwm1n-IIW n
Jamaica Enterprise Network-UK B BRITISH AIRWAYS
E Floella Benjamin to Run Great North Run for Barnardo's
To celebrate her 60th birthday, Floella Benjamin (pictured), Trinidad born UK broadcaster and great friend of the
Caribbean, is running the Great North Run on 20 September. Floella is running to raise funds for the children's charity
Barbardo's on Sunday 20 September. Anyone who would like to support Floella can visit
SSenator Sir John Stanley Goddard
Tributes have been paid to businessman and Senator Sir John Stanley Goddard (pictured), who died on
16 August at the age of 77 years, after a brief illness. Prime Minister David Thompson described the
former head of family-owned Goddard Enterprises Limited as "a voice of reason and a very stabilising
influence in the corporate sector, in the area of social policy, even in politics. His wise counsel will be
missed". These sentiments were echoed by Opposition leader Mia Mottley and Deputy President of the
Senate Kerryann Ifill. Sir John was one of the founders of the Caribbean Council. As such, Sir John was
one of a small number of leading and far sighted Caribbean businessmen who saw the need to ensure
that the private sector in the region should support financially and through participation the creation of
such organizations. In part, his vision was of Caribbean's business leaders helping to ensure that the
region became fully engaged in a dialogue in Europe and North America on trade economic and sometimes political issues, through
much stronger external links. In this way be believed that the region might develop a truly international outlook and prepare for
globalisation. Along with his five children, Sir John leaves his wife, Katherine, 16 grandchildren and one great-grandchild.
Discounted Prices for Two Photo Books of Cuba
S-!l Two beautiful and lavish photography books by Cuba Initiative member Clive Frost are published
.5LI in October. Text and captions are in both English and Spanish.
CUBA Cubanas y Cubanos involved extensive travels throughout this beguiling country, photographing formally and informally, in
meeting places, places of work and leisure, public spaces, domestic surroundings, in country fields and city streets and squares, some
of the people, both as individuals and as members of groups and organizations, who make up Cuban society in the 21st century.
Atados al Maris a photographic study of the 87 buildings on the seafront overlooking the famous Malecon in Havana. The photographs
were taken in 2007/2008 as the restoration work to rescue some of the historical architecture was starting and new 21st century
designs were being constructed on the avenue. The Government of Centro Habana and the Office of the Historian of the City have
since decided that 28 of the 87 buildings shown in this book are beyond repair and will be demolished. Atados al Mar is a final record
of a past era in the history of the Malecon as it rebuilds for a new future.
Clive Frost is offering a special pre-publication order price on CUBA Cubanas y Cubanos (35) and Atados al Mar (25). To preview and
order the books and order the books please visit www.thepicture.co.uk
JAMAICA CBBC Members Invited to
TRADE& INVEST London IPA/EDA
6 pm 8.30 pm, 15 October, 2009, Jamaica
High Commission, London
CBBC members are invited to attend a London IPA/EDA
networking event that will be hosted by Jamaica Trade and
Invest and Oxford Intelligence at the High Commission of
Jamaica in London on 15 October.
The event will be a chance to meet and exchange ideas with
investment and trade promotion professionals based in London
representing countries around the world. The High
Commissioner, His Excellency the Honourable Burchell
Whiteman will say a few words, and Laurence Jones, Trade
Commissioner at Jamaica Trade and Invest will give an update
on their activities. Peter Lemagnen, MD of Oxford
Intelligence will give a short speech about the tools and
techniques agencies are using to overcome the current
challenges of selling to key investment targets.
r Cultura y Cubania Festival Launch
6.30 pm, 5 October, 2009,
SCanning House, London
Cultura y Cubania is a week-long cultural event celebrating the
richness of Cuban culture in the UK, as part of the celebrations
of Black History Month 2009 and in collaboration with Canning
This event marks the launch of the Festival and the
Photographic Exhibition 'A Few Streets, A Few People / Pocas
Calles, Pocas Personas' by artist John Comino-James, with
music from award-winning Cuban guitarist Ahmed Dickinson
and dance from members of London's newest Cuban dance
Entrance is free but limited places are available so should be
This event is organised in collaboration with Cubacheche & Ola
Latina, organizers of the festival Cultura y Cubania. For more
information please visit www.culturaycubania.com
Any members interested in attending should contact Stephanie
Whittle stephanie. whittle@(caribbean-council. or'
New Ferry Service for Barbados, St Vincent, St Lucia, Grenada & Trinidad
Commencing October 2009 a new ferry service will be available from Barbados to neighboring Caribbean islands. The new routes
which are to be operated by Grenada based BEDY Ocean Line will offer 2 services. One route will operate from St Vincent and stop at
Barbados and St Lucia. The second route will operate from Grenada and stop at Trinidad and Barbados. In Grenada's case, it will be
implemented as of February 2010.
The announcement was made by the CEO of BEDY Ocean Line, Benjamin Ross, who stated that fares from Barbados would be in the
range of $120 to $140 US per round trip including taxes, and the expected journey time would be 4 to 5 hours depending on the
route. The company had originally planned to launch the service in July, but had to delay the service to facilitate a second ferry. This
Shas resulted in one ferry making St. Vincent its home and will service the St. Vincent to Barbados and St. Lucia routes, while the
second ferry will be based in Grenada and will service the Grenada to Trinidad and Barbados route. The seating capacity per boat will
Ibe 260 and 300, respectively. The company hopes that very soon into the operation, other neighboring countries will be added.
Regional Workshop on Certain Topical Issues in Regard to Intellectual Property for Countries of the Caribbean
i 15-17 September, 2009, Grand Barbados Beach Resort, Barbados
Subregional Training Workshop on International Trade Negotiations, Free Trade Agreements and the Decent Work
I Agenda, 16-18 September, 2009, Trinidad and Tobago
The ILO Office of Trade Negotiations of the CARICOM Secretariat will be hosting a Subregional Training Workshop on International
Trade Negotiations, Free Trade Agreements and the Decent Work Agenda
Regional Audio Visual Association Meeting, 23 September, 2009, Martinique
Regional Audio Visual Association Meeting will be held on 23 September, 2009 in MARTINIQUE. For further information contact Ms
Tonika Sealy, Caribbean Export Development Agency +1 (809) 531-2411or tsealvycarib-export.com.
4th Meeting of the CARIFORUM/FCOR/OCT Task Force on Trade and Investment, 25 September, 2009, Martinique
4th Meeting of the CARIFORUM/FCOR/OCT Task Force on Trade and Investment is scheduled for September 25, 2009 in Martinique.
For further information contact: Escipi6n J. Oliveira, Manager, Special Projects, Caribbean Export Development Agency +1(246) 436-
i 0578 or email@example.com
Guyana Trade & Investment Exposition: GuyExpo 2009
24 29 September, 2009, National Exhibition Centre, Sophia, Georgetown, Guyana
An annual event attracting some 350 exhibitors as well as overseas buyers and investors from CARICOM, Latin America, The UK, USA
and India, amongst others. On display will be a range of products from various sectors including agro-processing, bamboo furniture,
mining and information technology. CBBC members wishing to attend the Expo should contact the Guyana High Commission in
London for assistance with preferential hotel rates.
For further information please contact Ms. Uchenna Gibson on (592) 227 0653 or at aoinvest@ aoinvest.aov.av
EPA Workshop and Services Mission the French Caribbean Outermost Region
23 24 September, 2009, Martinique
For further information visit www.carib-export.com or contact Carlos Wharton, Caribbean Export Development Agency on (24) 436-
0578 or at firstname.lastname@example.org
Jamaica Basic Schools Foundation Annual Gala Charity Ball
7 November 2009, Hilton London Metropole, London
Patrons in attendance: The High Commissioner of Jamaica, Lord Morris of Handsworth, John Barnes MBE &
Courtney Walsh OJ
Entertainment: Marcia Griffiths supported by Ruff Cutt Band & David Rodigan and King Tubbys
Dress Code: Black Tie/Evening Gown
Reception at 7pm, Dinner at 8pm, Carriages at 3am
For More information contact: Po Box 19807 London SE25 5WA, Tel/fax 0208 4061914, email@example.com
Cultural and Sporting Events in the Region (September and October)
15 August 15 Nov.
Curacao Culture, Cuisine and heritage Experience, Curacao
Curacao Culture Week, Curacao
St Kitts Independence Day
Bermuda Cycling Grand Prix, Bermuda
European Days of Heritage, Guadeloupe
Coastal Clean Up, St Maarten
Tourism Week, Curacao
Eid-UI-Fitr, Trinidad and Tobago
Piano Festival, Aruba www.arubapianofestival.com
Guyexpo 2009, Guyana
Amerindians Month, Guyana
Dance Festival Month, St Vincent and the Grenadines
Wine and Food Festival, Jamaica
Surifair 2009, Suriname
Antigua Sunsplash Beach Volleyball Tour, Antigua www.sizzlinsand.com
International Sailing Regatta, Bonaire
Fashion Week, Dominican Republic
Music festival, Bermuda
Taste of Barbados, Barbados
10th annual SVG Blues & Rhythms Festival, St Vincent and the Grenadines
Music festival, Aruba
Cricket Classics Festival, Grenada
30th Anniversary Independence Day, St Vincent and the Grenadines
15th Annual Montserrat Fishing Tournament, Montserrat
"Jubliation" 6th Annual World Gospel Festival, Antigua and Barbuda
(List compiled from at. com and onecaribbean.org)