Aruba, Bonaire, Curacao & Turks and Caicos Sign Joint-Declaration Intent to Continue COSME's Mission

Ministers from Aruba, Bonaire, Curaçao and Turks and Caicos signed a joint declaration of intent on September 19, 2018, to continue COSME, a European Union funded programme’s mission to strengthen the small, medium business environment through collaboration and cooperation on a regional level, beyond region of the Caribbean Overseas Countries and Territories. 

A work plan will be developed immediately that will lead these four countries to a new era of collaboration and cooperation using existing resources, the COSME website and its social channels.

“This work plan will reflect how we will continue collaborating, develop mechanisms, and stimulate cooperation, share information and knowledge on various topics that have to do with economic development, SME development trade, industry and investments.” stated, Vanessa Toré, Director Foreign Economic Cooperation at Ministry of Economic Development of Curaçao

COSME’s stands for Caribbean Overseas Countries and Territories Small and Medium Sized Enterprises. Its mission was to improve the regulatory and business environment for business support organizations in support of SMEs in the Caribbean OCTs. The program was thoughtfully designed and executed providing the tools necessary for competitive success of SME’s from the 12 OCT’s.  

The OCTs are home to many brilliant entrepreneurs with growing businesses.  The governments and private sector representatives of the OCTs understand and appreciate the private sector as a back bone of the economy. 

The COSME Programme’s funding ends on September 26, 2018. Governments of Aruba, Curaçao, Turks and Caicos and Bonaire with support of Anguilla and in close cooperation with local and regional business support Organizations have decided to sign a joint declaration to continue working together to strengthen their economies and achieve growth. 


View Video for how COSME empowered Business Support Organizations to lead the future development of OCT Entrepreneurs.

COSME was a 54-month programme with the responsibility to allocate 15M Euros to projects benefitting participating Caribbean Territories. The funds were made available by the European Union (EU). The programme’s overall objective is to contribute to the sustainable and climate-resilient economic diversification and prosperity of Caribbean OCTs by improving the competitiveness of Small and Medium-sized Enterprises (SMEs) in the participating territories.


For more information please contact:  

Vanessa Toré +5999 512-8443

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