5th Management Consulting Business Symposium

Port of Spain, September 10th, 2013

Address of Mr. Ullrich Kinne, Chargé d’Affaires of the Embassy, at the opening of the 5th Management Consulting Business Symposium 5th Management Consulting Business Symposium Enlarge image Chargé d’Affaires of the Embassy Ullrich Kinne (© Señor Lopez)

I would like to welcome you on behalf of the German Embassy to the 5th Management Consulting Business Symposium. It is a pleasure for me to take part in this symposium, as management consulting is an important element of sustainable economic development, one of the focal areas of German development cooperation.  At the same time, management consulting provides many opportunities for cooperation, between consulting firms within the Caribbean as well as between Caribbean and European companies. The German government supports this cooperation as it is a centerpiece of the Economic Partnership Agreement between CARIFORUM and the European Union. Trade and development are two sides of the same coin, and strengthening business cooperation can make a substantial contribution to a better future for the Caribbean.

Having been the first region to conclude an Economic Partnership Agreement with the European Union, the Caribbean has a head-start in preparing itself for an increasingly competitive global trade environment and profit from EU assistance in this regard.

For more than 3 years, Germany has been working together with the CARIFORUM secretariat through its EPA implementation unit, and with the Caribbean Export Development Agency, to support public and private organisations in their endeavor to implement and make use of the Economic Partnership Agreement. This has been a very fruitful and result oriented cooperation in many economic fields. This symposium series is being supported by Germany for the second time. It is another example of the very successful co-financing of activities between the 10th European Development Fund and the German cooperation project implemented by GIZ, both in partnership with the Caribbean Export Development Agency. On this occasion, I would like to introduce to you Dr. Rainer Engels who is with us this morning and who is running the GIZ program. Caribbean requests for assistance from manufacturing, food and agriculture, and a broad range of services industries have been supported within both frameworks in a flexible and results-oriented way.

5th Management Consulting Business Symposium Enlarge image Anthony Bradshaw, Chief Operating Officer, Caribbean Export Development Agency,Ramesh Ramdeen, Chief Executive Officer, Trinidad and Tobago Manufacturers Association, Senator The Honorable Vasant Barath, Minister of Trade, Industry and Investment of the Republic of Trinidad and Tobago, Ullrich Kinne, Chargé d’Affaires of the Embassy,Dr. Vasantha Chase, President, Caribbean Institute of Certified Management Consultants Daniela Tramacere, Chargée d’Affaires, Delegation of the European Union (© Señor Lopez)

Germany and the Caribbean do not only cooperate on EPA implementation but also in such broad ranges like renewable energies and energy efficiency, adaptation to climate change and HIV/AIDS prevention. In most of these fields of cooperation, public sector and privat sector play a significant role and both need management consultancy, to return to the topic of this symposium

It has often been lamented that the private sector is not sufficiently included in EPA implementation. I am proud to say that the German-funded project is trying to change just that.

I should like to take the opportunity to thank the Government of Trinidad and Tobago, the Trinidad and Tobago Manufacturers Association  and the Trinidad and Tobago Coalition of Services Industries for their hospitality to us, the participants of this 5th management consulting business symposium.

As Dr. Chase has correctly highlighted, certification of management consultants according to international standards is an important element of the export readiness in this sector and I am happy about the progress we can observe in this field. However, still a lot of hurdles stand against a significant role of Caribbean management consultants in the global economy and some of them will be tackled by this symposium and especially by the training on the third day. But opportunities will overarch the threats in this symposium and the business to business meetings will give everybody the chance to use them! Make use of these meetings and all success for future cooperation!

I now wish us very enlightening speeches and discussions and successful training  and business to business meetings for the business consultants and business consulting companies among us, may the symposium lead to some new or improved business cases in the Caribbean!