The economy of Turks and Caicos Islands relies on the tourism industry, real estate development and the exportation of seafood. A wide variety of financial services are available, including company formation, offshore insurance, banking, trusts, limited partnerships and limited life companies. Innovation manager Alexa Cooper confirmed high interest in enhancing creative industry.
One very nice Doing, Using and Interacting (DUI) innovation approach has been implemented recently in Turks & Caicos Islands where a musical CD vending machine was set in the airport after the music company director realized he could sell music in machines operating on the similar way as soda machines.
The machine is a custom design emerging from a normal food vending machine unit and holds up to 430 CD’s in the racks and there are approximately 10 different local artists readily available for purchase.
The machine was ordered from a company expert in the field of vending to deliver a high quality product for customer use. Customers are able to engage with the products through sensory experience of self-serve automation auditory and visually.
Premier Sharlene Cartwright-Robinson has demonstrated extraordinary devotion to promotion of Turks and Caicos Islands and Overseas Countries and Territories. Congratulation and thanks for great activities and extraordinary cooperation. We had very appreciated privilege and honour in hosting press club Turks and Caicos Islands BRUZZ in Brussels on 13th of July 2017. Congratulation to Tracy Knight EU Representative of Turks and Caicos Islands for her great work as member of ExCo and EU Representative of the Chairmanship of EU Overseas Countries and Territories Association.
It is the cost of the region’s unimaginable natural beauty that, by the caprice of fate, there is the periodic risk of ruin. There is nothing to be said of this past week’s tragedies that has not yet been said, and our hearts go out to the people who died.What needs to be said is this: the Caribbean will rebuild. Caribbean people: they cannot be defeated. They rebuild, they restore and they live again.
It will not be easy, it may not be quick, but it will happen.
On the 13th July 2017 at the Brussels Press Club, The Chair of the Overseas Countries and Territories Association, Honourable Sharlene Cartwright-Robinson, Premier and Minister for Investment and Trade of the Turks and Caicos Islands, gave a presentation on ‘Innovation, Tourism and Investment in the Turks and Caicos Islands’.
Remarks were also made by Mr. Denis Salord, Head of Unit, Relations with the OCTs, DG Devco, on behalf of the European Commission and Carol Voges on behalf of OCTA and Milan Jezic von Gesseneck Team Leader of OCTA Innovation.
Premier Robinson responded to questions posed by members of the media and potential investors.
Honourable Premier Sharlene Cartwright-Robinson with her team, including Ms. Tracy Knight Turks and Caicos Islands EU representative based in London, addressed Brussels audience in Brussels Press Club last Thursday 13th of July. Turks and Caicos Islands is an innovating island, with an economy based on tourism and investments, but also committed to renewable energies initiatives.
President of OCTA Executive Committee Mrs. Carol Voges gave visibility to the Association of Overseas Countries and Territories. BRUZZ was honoured not only having the most reputable persons from OCTs but enjoyed presence of the European Commission having welcome by Mr. Denis Salord, EC Development and Cooperation Head of Unit for the Overseas Countries and Territories of the European Union.
OCTA Innovation Brussels BRUZZ events rise the visibility of OCTs both directly to Brussels audience but also to the world wide audience due to the high press coverage and high OCTA Innovation visibility. Audience including journalists, TV reporters and different experts and stakeholders enjoyed discovering TCI uniqueness and various opportunities. We are proud with the success of the latest BRUZZ event on Turks and Caicos Islands. This BRUZZ event has helped strengthening the links between the OCTs and the European Union.
Chair of the Overseas Countries and Territories Association, Honourable Sharlene Cartwright-Robinson, Premier and Minister for Investment and Trade of the Turks and Caicos Islands has in cooperation with OCTA Innovation invited the Brussels audience for a direct talk in Brussels Press Club.
After a brief presentation of the Turks and Caicos Islands, Premier Sharlene Cartwright-Robinson gave an overview of the major opportunity sector in this OCT, being Tourism and Investment but also of the other opportunities in the financial services, infrastructure and agriculture sectors.
Mr. Denis Salord, Head of Unit at the European Commission Directorate-General for International Cooperation and Development in charge of Overseas Countries and Territories opened the BRUZZ dedicated to Turks and Caicos Islands last Thursday 13th of July.
Mr. Salord particularly highlighted the importance of the regional dimension, and as such of the cooperation among OCTs and among OCTs and their neighbouring countries.
Please find below Mr. Salord’s introductory speech at the OCTA Innovation Brussels BRUZZ on Turks and Caicos Islands:
Your Excellency honourable Premier Sharlene Cartwright-Robinson,
Ladies and Gentlemen,
It is my pleasure to address you today in Brussels for this OCTA Innovation Brussels BRUZZ event focusing on Turks and Caicos.
We are particularly honoured to have with us today Honourable Sharlene Cartwright-Robinson, Premier of Turks and Caicos, Minister for Trade and Investment of the TCI and chairman of the Overseas Countries and territories Association (OCTA).
As you know, the Association between the 25 OCTs and the EU is of strategic importance for the EU. The European Commission places a particular importance in the work of the OCT Association (OCTA) and is committed to continue working very closely with OCTA to reinforce the partnership between the EU and the OCTs. In this context, as the head of unit responsible for the relations with OCTs in the Directorate General for International Cooperation and Development (DG DEVCO), I am particularly pleased with the ongoing collaboration between the European Commission and the chairmanship of OCTA held by honourable Premier Sharlene Cartwright-Robinson.
The Overseas Association Decision of 2013 which governs the OCT-EU relations, reflects a paradigm shift, from a focus on poverty reduction to a reciprocal relation focused on cooperation on mutual interests, and places special emphasis on priorities which are relevant for the OCTs, such as the enhancement of their competitiveness, the strengthening of their resilience, reduction of their vulnerability, and promotion of the cooperation between OCTs and their regional, European and international partners.
In this context, innovation is a central lever to ensure sustainable economic growth in OCTs and the enhancement of their competitiveness. Innovation is at the heart of the EU action in the area of sustainable growth and competitiveness and is seen as a top priority by the EU institutions and the Member States.
In OCTs, the Territorial Strategies for Innovation (TSI) programme also known as “OCTA Innovation” programme is the thematic programme funded by the 10th European Development Fund and covering all OCTs. It embodies the prominence of innovation in the context of the OCT-EU Association.
The overall objective of TSI is to enhance the sustainable development of OCTs through innovative solutions for economic diversification and to improve the regional and global competitiveness of the OCTs. The project provides technical capacity and demand-driven services to the OCT governments in developing their Territorial Strategies for Innovation. To date 9 territorial Strategies for Innovation projects have been initiated in the same number of OCTs.
Today’s OCTA Innovation event is dedicated to the Turks and Caicos. The 11th European Development Fund territorial programme for TCI was signed by Commissioner Mimica and Honourable Premier Cartwright-Robinson at the beginning of 2017 during the 15th OCT-EU Forum alongside four other EDF-OCT territorial programming documents. The programme, amounting for a total of EUR 14.6 million, is focusing on primary and secondary education providing support to TCI ambitious education sector policy. Madame Premier will probably tell us more about this programme.
I am also sure that TCI will be able to share its experience in the area of innovation having focused its 10th EDF multi-annual programme on improving the enabling environment for private sector development as part of the EU general support to the development policy of the OCT.
I look forward to our discussions today, and to strengthening our association going forward. I am sure they will contribute to making our partnership even more effective.
Turks and Caicos Islands is one of the fastest growing economies in the Caribbean where tourism is the largest sector of the economy with the eight islands with population of over 39000 inhabitants receiving over 1.3 million visitors a year.
OCTs governments implement innovation across all sectors; fostering partnerships between public and private entities based on knowledge sharing and capacity-building.
Turks and Caicos Islands is currently one of the leading OCTs in implementing systemic innovation.