Wednesday, April 17, 2024

Project expected to yield $55m

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THE BARBADOS EXPORT MARKET is expected to grow by ten per cent by the end of 2016, thanks to a Going Global initiative launched by the Barbados Investment and Development Corporation (BIDC).

That growth is expected to earn $55 million, said chief executive officer of the BIDC, Sonja Trotman, as she addressed the audience at the Bagnall Point Gallery, Pelican Craft Centre on Wednesday.

Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss, who also addressed the ceremony, said the target was achievable.

He said at the end of December last year total domestic exports reached $554.6 million, up 3.75 per cent from the previous year. He said that included exports from 166 BIDC certified manufacturers which totaled $331.4 million.

Please read the full story in today’s Weekend Nation, or in the eNATION edition.

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