A new online tool developed by the Caribbean Export Development Agency (Caribbean Export) with funding from the European Union has been launched. The SME Diagnostic Tool was developed to assist CARIFORUM SMEs increase their export competitiveness. exporTT have adopted the tool which will be utilised as a central aspect of their Export Competitiveness Project launched.
“I am delighted that exporTT is the first Business Support Organisation (BSO) in the Caribbean to adopt the SMEs Diagnostic Tool Assessment project as the foundation for building export competitiveness. The SMEs Diagnostic Tool Assessment is in essence a response to the global economy which demands that successful industries are comprised of competitive firms producing modern and innovative products and services” commented Norris Herbert, Trinidad and Tobago’s Permanent Secretary at the Ministry of Trade.
The SME Diagnostic tool provides a standardised, expert-based methodology for accurately assessing SMEs and identifies the areas where development is required in the areas of management, production, access to finance and marketing.