Bajan Sun Magazine - Caribbean Entrepreneurs Vol1 Issue 5 | Page 10

BAJAN SUN Bajan Sun Magazine JULY 2014 Crafting Liquid Pleasure For Almost 4 Centuries all Barbadians. Barbados Rum is more than just rum, more than just a collection of leading brands and much more than a means of increasing sales and exports. It is about reclaiming a part of our history and heritage, inspiring pride by demonstrating our Rum as the result of a historically industrious Barbados. It is about cultivating an appreciation and a sustainable future that moves beyond our bars and rum shops and into an entire culture that transcends national boundaries and exemplifies the distinction of Barbados, its heritage and its people. Based on current global market demands and trends, national competitiveness is now more integral to a country’s economic development than ever before. Much of this is contingent on how effectively government, trade support institutions and businesses coalesce to ensure that local brands compete on a global landscape. To successfully sell their products and services, local brands must effectively compete against foreign imports to penetrate domestic markets whilst establishing their place in regional and global export markets. The measure of this success depends heavily on the ability to understand, embrace and facilitate a culture of entrepreneurship, innovation, and brand worth when it comes to natural resources. For countries like Barbados, our rich heritage, cultural and human assets must be strategically exploited if we are to secure a flourishing future for our people. To create this kind of successful future we must cultivate and propagate our home grown potential to exploit the unexplored and untapped advantages of supplying Barbadian brands to the rest of the world. There is no more apt an example of an undervalued and untapped local natural resource than Barbados’ Rum. Barbados Rum Brands include: Foursquare Rum Distillery: ESA Field White Rum; Old Brigand Rum; ; R.L Seale 10 Year Old Rum; Foursquare Spiced Rum; Doorly’s 3 Year Old White Rum, Doorly’s 5 Year Old Rum; Doorly’s X O; Doorly’s 12 Year Old Rum St. Nicholas Abbey: St. Nicholas Abbey White Rum, St. Nicholas Abbey 10 Year Old and St. Nicholas Abbey 15 Year Old Rum Just as Scotland is known for Whisky, France for Champagne and Cognac, Jamaica for Blue Mountain Coffee; Barbados must take ownership as the ‘Home of Rum’. Part of this ownership is branding the rum shops and watering holes of Barbados with the official Rums of Barbados Marque. The Marque is a symbol of authenticity, certifying that the product that bears this marque has undergone the strictest standards and guidelines to ensure the highest quality and right to bear the brand. The Rums of Barbados Marque identifies and authenticates the premium rums produced exclusively in Barbados. However it is also imperative that we establish the attributes that differentiate the Rums of Barbados from all others in order to protect the integrity of our Rums. This protection will be achieved by establishing a Geographical Indicator (GI) which is a global trademark that will distinguish the rums of Barbados from all others. In so doing we will effectively increase demand for authentic Rums Of Barbados and ultimately revenues for local producers by increasing exports and satisfying the needs of more conscious and discerning customers. A collaboration between the Barbados Investment and Development Corporation (BIDC) and the Bajan Association of Rum Shops (B.A.R.S Inc.), the purpose of this momentous Strictly Bajan Rum Shop Tours’ – The Rums of Barbados Edition being held on Saturday, 28 June 2014, is to increase the public’s awareness of Barbados’ Rums, as well as instil pride in our high-quality rums and rum products. By having the Marque on the rum shops it signifies to patrons (local and visitors alike) that Barbados’ rum has value and is to be appreciated at all levels. Mount Gay Rum Distilleries: Mount Gay Silver, Mount Gay Eclipse, Mount Gay Black Barrel, Mount Gay Extra Old, Mount Gay1703 West Indies Rum Distillery: John D. Taylor Falernum, Cockspur Spiced Rum, Cockspur 5 Star Fine Rum, Cockspur Old Gold, Cockspur V.S.O.R. Barbados is home to many national brand