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HomeBusinessEnterprises generate $25.9 million (US) in business intentions

Enterprises generate $25.9 million (US) in business intentions

The most recent Business-to-Business Virtual Match-Making Round (B2B) revealed that the agrifood chains of Latin America and the Caribbean registered business intentions for $25.9 million US, attracting participation by 584 small and medium-sized enterprises (SMEs).

This includes 300 Central American companies, 247 South American companies and 37 from North America and the Caribbean. 

The seventh edition of the B2B, which cover the period May 22 to 26, was addressed at a July 04 event with representatives from the Food and Agriculture Organisation of the United Nations (FAO), the Inter-American Institute for Cooperation on Agriculture (IICA), the Executive Secretariat of the Central American Agricultural Council (SE-CAC) and the Secretariat for Central American Economic Integration (SIECA).

Hosted by the Central American Trade Network (REDCA), the event focussed on market access for farm organisations, SMEs and other businesses in the region’s agrifood chains. 

 An FAO news release reports that the event brought together buyers and sellers of all sizes from countries such as Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Belize, Dominican Republic, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Uruguay, Paraguay, Peru, Venezuela, Cuba and Jamaica.  

 “This edition was remarkable for the participation of SMEs led by women and young people under 40 years of age, representing 35% and 53% of the total number of participants,” the release notes.

The sectors most represented during the Virtual Match-Making Rounds were fruits and vegetables, dairy products, seafood, tea, coffee and cocoa, natural juice drinks, basic grains, seeds, meat, honey, tubers, bakery, sauces and condiments, as well as customs and foreign trade advisory services, packaging, transportation and logistics, machinery and equipment, and agricultural innovation, among others. 

 Director of SIECA’s Center for Economic Integration Studies Edith Flores de Molina noted that the results of this seventh edition of the B2B “are of great satisfaction for SIECA, as companies located in different parts of the Latin American region and the Caribbean break barriers of time and distance, sustaining business agendas that have allowed them to commit sales for an amount close to $26 million.” 

 Pablo Rabczuk, FAO’s Agrifood Systems and Trade Officer, emphasized that FAO is committed to promoting SMEs and family-farming organisations in international agrifood trade chains, as this contributes to food security in the region.

 Lucrecia Rodríguez, Executive Secretary of the CAC, pointed out that one of the goals of the Central American Agricultural Policy is to facilitate actions so farmers and farm organizations can access local, regional and international markets.

 “We are excited to work on this joint regional agenda that promotes the development of the region’s rural territories since this is where the agricultural production of our countries is concentrated”. 

 Daniel Rodríguez, Manager of IICA’s International Trade and Regional Integration Programme, said the B2B Virtual Match-Making Rounds have become “a regional public good that facilitates the diversification of export markets and products, while promoting greater participation in export markets by the different actors in the region’s chains.” 

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