Between the UK and CARIFORUM Sample Clauses

Between the UK and CARIFORUM. In reality, the Caribbean is not a priority region for the UK as the anticipated return from investments is not seen as substantial for UK companies due to a combination of mitigating factors – perceived small size of market potential, strong competition with nearby USA, distance to market, high UK costs, disparity in exchange rates… etc. It is the UKTI’s overseas staff who would provide notification of JV opportunities in CARIFORUM countries to British companies which have pre-registered such an interest with them on the UKTI database. Presumably they would acquire awareness of such an opportunity from the local press and media as well as their contacts with individuals, business organisations and networks in the relevant country. However, with a “silo based” approach, the UKTI is not able to effectively facilitate linkages between private sector entities who would want to exploit emerging opportunities. For example, those who manage the outward trade missions from the UK are not willing or able to share company participant information with others organising inward bound missions to the UK from the same destination markets. After years of having restricted itself to single country reports, it was only recently that UKTI was able to offer a Caribbean-wide Overseas Market Introductory Service (OMIS) report to a UK prospective exporter of goods and services. Additionally, UKTI’s staff members are typically stretched and are performance- measured in such a way that they would tend to play to large scale opportunities,