The trade mission, comprising 14 Colombian exporters, lasted from July 9 to 12.They were Mamadeco, Higitex, Industrias de Acero, Induma, TopTec, Azembla, Corona, Casagres, Haceb, Laser SA, Formesan, Forsa, Rymel, and Casa Blanca.They manufacture tiles, decks, clay products, household appliances, building systems, ceramics and hardware products.
"The total exports of non-traditional products at the end of 2011 to T&T amounted to US$51 million, and that represents a 15 per cent increase from the previous year," Carlos Gonzalez, director of ProExport Caribe said during a trade mission at the Hyatt Regency Trinidad in Port-of-Spain. ProExport Colombia is the organisation in charge of promoting Colombia as an international tourist destination, attracting direct foreign investment and fostering non-traditional exports. Non-traditional exports for Colombia are goods and services outside of petroleum, coal, green coffee and the raw materials to make iron and steel. These four exports account for "about 50 per cent of Colombian exports," Gonzalez said. He spoke at the trade mission on July 11. "Out of the US$51 million, US$16 million came from the manufacturing sector, and out of the US$16 million, US$2.4 million were from the sector, for which we have the trade mission right now: the construction sector," Gonzalez said.
Asked why non-traditional exports to T&T increased, he said, "The main reason was agribusiness. The agribusiness sector itself grew 49 per cent. That sector is more dynamic. We are more competitive in that sector, and we have products that are more acceptable now in the Trinidad market, everything that has to do with agribusiness, from processed food to perishables." In August, ProExport will host its third trade mission in Trinidad for 2012, when it brings its top agribusinesses to showcase their products and gain new customers in Port-of-Spain. In May 2012, ProExport brought a trade mission with representatives from its health sector. Since it opened its Port-of-Spain office four years ago, ProExport has brought nine trade missions to T&T. This mission will be the first to focus on agribusiness. "What we've been doing is taking buyers to our trade shows in Colombia," Gonzalez said, "and bringing Colombian exporters to visit this market as well."
Cheaper transport costs
He said there are many advantages to choosing Colombia over other countries. "Ordering a container from China takes a couple of months and it costs like US$6,000. Ordering a container from Cartagena, Colombia, costs US$1,500 and it takes only three to four days. "You can order a mixed container too. You don't have to bring just one product. "We have high quality standards because our main market is the United States, so we meet all the US standards for manufacturing products. Generally speaking, we also have globally competitive pricing." Being also responsible for attracting foreign direct investment, Gonzalez said Colombia is a very attractive location for T&T companies seeking to grow their markets. He said through ProExport, T&T companies can look into opening distribution offices and eventually factories to serve the South American market. Colombia has free-trade agreements with almost all South American countries, Gonzalez said. "There are a couple (of T&T companies) thinking about opening distribution offices in the food sector and also in the makeup and personal care (cosmetics) sector."
Asked if Sacha Cosmetics is one such company, Gonzalez said, "Sacha Cosmetics is looking at having a distribution operation in Colombia. Fifty-one per cent of the population is female, and at least half of that population are adult females with buying power, so you have a ten million-person market for cosmetics in Colombia," he said. The total population of Colombia is 46.9 million. On the T&T manufacturing sector, Gonzalez said, "I think we can partner with them because we can offer them a very good alternative for their consumable goods, raw materials and semi-processed goods as well, because they are getting those from third countries and not from Colombia. "Also, talking about services between Colombia and Trinidad, there is a very nice synergy between the countries because we sell petroleum crude to Trinidad, and Trinidad processes and refines that petroleum and we buy gasoline from Trinidad.
"Last year, it mostly was gasoline, but we bought more than US$500 million. In 2010, we bought about US$350 million in refined petroleum," Gonzalez said. "Our total exports are twice as much because you bought about US$950 million in crude oil, and then processed that petroleum, and I believe you sold gasoline to other markets." "We've been coming here, bringing trade missions to Trinidad for the last nine years since the Caribbean office opened in April 2003," Gonzalez said. "From Trinidad, we cover T&T, Guyana, Suriname and Barbados." Gonzalez said Colombia is "very committed to the Caribbean and, in particular, to T&T, and we have the actions to prove it."
Quality advantage
"The experience has been great. I didn't know this was such a great market. This is our first time here in Trinidad, and there are a lot of companies that are very interested in our products, so I believe we are going to start doing business here in Trinidad," said Gloria Villegas, export director, Industrias de Acero, which makes locks. Industrais de Acero has been in existence for more than 60 years and has been exporting to 15 markets, most of them in Central America. T&T is the company's first English-speaking export destination. The company plans to export to North America soon. David Calle of Corona, a tile manufacturer on the trade mission, said, "The experience has been very positive. I found the market is very competitive. I found products from China, from Brazil. It's hard to compete, but we have a good advantage because of the quality, because of the ocean freight. "I managed to get some business going. I have to work harder to get the orders confirmed, but customers were very open to us, and were very helpful, and I think there is a good opportunity coming to Trinidad."
