Services Export Unit
Assisting services providers to realize their
export potential
Agenda
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•
•
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About exporTT
Sectors of Focus
exporTT’s Services:
Capacity building
Research Unit
exporTT’s Mandate
• “creating internationally competitive firms in
the non-energy manufacturing and services
sectors to grow and diversify trade and
generate wealth through export led growth”
Sectors of Focus
ICT Services
Maritime
Services
Professional
Services
Services
Sectors
Energy
Services
Construction
Services
CAPACITY BUILDING
Co-Financing Defined
• A Company shall receive financial support
from exporTT on the condition that the
company will be reimbursed for a portion of
the pre-approved investment, purchase, cost
or expense incurred by the company in
reaching selected export markets
Key Elements
• Reimburse a portion of the pre- approved
investment, purchase, cost or expense
incurred by the company
• the penetration of selected export markets
• available for services
Eligible Service Sectors
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Construction Services
Energy Services
ICT Services
Maritime Services
Professional Services
Creative Services – Film & Animation, Fashion
and Music
Eligible Activities – ICT
Services
Tender Fees for
International
Tenders
Legal Fees
Associated with
conducting
business in target
markets
Translation &
Interpretation
Services
Registration at
International
Conferences to
promote ICT Services
Booth Rental at Trade
Shows
Business to
Business
Matchmaking
Services
Technical Costs re
International Standards
Certification eg ISO
9001, ITIL 2700
Booth Design at
Trade Shows
Ground Transport for
exporTT led groups at
trade missions &
tradeshows
Short-Term
Professional
Work Permit
Fees (6 months
maximum)
Registering to
do Business in
foreign
countries
Shipping of
Promotional Materials
9
Eligibility Criteria
 Proof of Business Registration/Incorporation
 Company must be locally owned (greater than 50% must
be locally owned)
 Exporting products must be manufactured locally
 Only Level 1-3 exporters are eligible for the co-financing
service
Criteria for classification of exporters
by level
Annual Export
Sales
Export
Frequency
% extra Regional
–CARICOM
Exports
Export Market
Reach
International
Standards
Export Strategy
Classification of Exporters
o Level 1- Exporting to
diverse extra-regional
markets with different
languages, cultures
FCOR’s, Europe, Asia,
Africa
o Level 2 – Exporting to
regional markets with
similar languages,
cultures, standards and
practices eg CARICOM,
USA
Classification of Exporters
o Level 3 – Pre Export Stage
with management
commitment to engage in
active exporting and are
willing to fill occasional
export orders
o Level 4 – Firms cater solely
for domestic market but are
willing to fill unsolicited
export orders
Co Financing Limits per fiscal year
(Oct – Sep)
o Level 1 Exporter: TT$150,000
o Level 2 Exporter: TT$ 75,000
o Level 3 Exporter: TT$25,000
o Per exporter, per year
exporTT’s Services
International Standards
• In fulfilment of its mandate, exporTT
provides firms with technical and financial
assistance to meet international standards
and receive certification.
exporTT’s Services
International Standards
• Service providers exporTT assist companies
working towards ISO 9001 certification
• exporTT covers 50% of the cost of obtaining
ISO 9001 up to 100,000.00 (TTD)
• Financing limit is 50,000 (TTD)
RESEARCH UNIT
• Technical standards
• entry requirements for service providers
• consumer trends internationally and
regionally
• International Tenders
• Market size, culture, demographics
• Facilitate ad hoc requests
Thank You
www.exportt.co.tt
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