Free Trade Area of the Americas - FTAA

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FTAA.sme/inf/88
August 12, 2003

Original: Spanish
Translation: FTAA Secretariat

FTAA – CONSULTATIVE GROUP ON SMALLER ECONOMIES

CARICOM AND THE DOMINICAN REPUBLIC

HEMISPHERIC COOPERATION PROGRAM
PRESENTATION OF PROJECTS
 


Introduction
 
  1. Project title

    Training and retraining through scholarships and foundations to enhance competitiveness

  2. Background

    The FTAA poses a major challenge to smaller economies, which must integrate into a highly competitive international trade environment where efficiency is key to sustaining small production businesses—the majority in our countries—, which struggle to compete in foreign markets and participate in new markets. 


  3. Rationale

    In light of the low levels of competitiveness that characterize the export production of smaller economies and their need to increase revenue through foreign sales, CARICOM member states and the Dominican Republic must ensure their effective participation in international trade flows by producing goods and services at the required levels of international competitiveness.

     
  4. Objectives of the Project

    1. General

      To develop job training and retraining programs in selected areas that are directly related to the production of quality goods and services at a high level of competitiveness

    2. Specific

      • To make available assistance to create and provide technical-vocational training programs

      • To make available scholarships for advanced training of technical personnel in selected areas
         
      • To make available financial and technical resources for developing job retraining programs geared towards a flexible, high-quality production system

  5. Inputs: resources needed for the project
     

    1. Scholarships for the advance training of selected technical personnel

    2. Financial resources for developing job retraining programs
       
    3. Technical assistance for developing training programs

     
  6. Expected results

    1. Improvement in the supply of services related to foreign trade

    2. Workers and technical personnel with better skills and greater productivity or with new skills in areas not currently offered in the country
       
    3. Higher level of competitiveness of goods and services destined for foreign markets
       
    4. Increased capacity of the productive sectors to respond to changes in foreign demand

     
  7. Other relevant information

 
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