"We have already started to meet the various stakeholders and will continue to do so in 2011."
Regarding the yachting industry, Cadiz said in the past, it has provided more than 1,500 jobs, mainly self-employed and small business. The yachting industry contributed more than (US)$40 million to the gross domestic product. He said the industry has been in decline over the last few years, but his ministry has met with a number of stakeholders and identified the main areas of concern. The Ministry of Trade and Industry is currently working with various state agencies to bring about change to the yachting industry.
4. Film and entertainment sectors: Cadiz said sectors both have the capacity to create thousands of jobs that would harness the "creative genius" of people and contribute to an increase in overall economic activity. "At a recently held conference on animation, Animae Caribe, it was noted that this industry is a trillion US-dollar business worldwide and that we need to take advantage of this."
He said that India, for instance, went from practically no animation business ten years ago to a current $40 billion industry annually. "We have the capacity and creative talent to make both entertainment and film major contributors to our economy."