NEW YORK, CMC – The Caribbean Association of Investment Promotion Agencies (CAIPA), in collaboration with the Caribbean Consular Corps in New York, will be joining forces to host a US-Caribbean Investment Forum on September 15-16 on the fringes of the 78th Session of the United Nations General Assembly (UNGA 78).
Earlier this week, CAIPA said that the USA-Caribbean Investment Forum will bring together entrepreneurs, investors, and trade and development agencies “to promote investment in the Caribbean and provide a unique opportunity to connect with individuals and organizations driving economic progress in the Caribbean.”
The event will include: “Engaging panel discussions featuring thought leaders from diverse sectors; insightful keynotes shedding light on investment trends and opportunities; networking sessions to establish meaningful connections with members of the Diaspora; [and] exclusive previews of groundbreaking projects and initiatives.”
It is also anticipated that the Forum will be hosted in collaboration with the CARICOM (Caribbean Community) Secretariat as one of the significant events to celebrate CARICOM at 50 years.
On July 4, 1973, CARICOM was established to deepen regional integration. In 2023, CARICOM celebrates 50 years since the signing of the Treaty of Chaguaramas, which is seen as the oldest surviving integration movement in the developing world. The milestone will be celebrated with several events under the slogan, “50 Years Strong: A Solid Foundation to Build On”.
“The hosting of the event in New York, USA, the financial capital of North America, at the time of the UNGA and CARICOM at 50, augurs well for the region’s visibility and for the focusing of attention on the need for investment in the Caribbean if the [UN] Sustainable Development Goals are to be attained,” said CAIPA in a statement.
“New York is also home to a significant Caribbean Diaspora, presenting an opportunity for the engagement of the Diaspora in the development of the region,” it added, stating that the US is the Caribbean’s largest trading partner and the most significant contributor to the region’s inflows of foreign direct investment.
CAIPA said the objective of the Forum is to promote the Caribbean to institutional investors as “a premier investment destination, but also as a partner to the Diaspora in the achievement of development for the Caribbean.”
“The Forum will seek to build on this concept of partnerships for sustainability – a concept enshrined in Goal 17 of the SDGs [UN’s Sustainable Development Goals],” said CAIPA, adding that the Forum seeks to target about 200 delegates.
In this context, CAIPA said the conference will focus on priority sectors that may be of interest to US financiers and the Diaspora, including AgriTech, Hotel Development, Renewable Energy, Business Process Outsourcing, and Logistics and Transportation.
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