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BDA expert urges students to seize IB opportunities

Business briefing: BDA Business Development Manager Sean Moran (far left) and Head of Operations Clare Spearing (far right) meet with Dr Barbara O’Shaughnessy (third from right) and students of a Bermuda College course on international business.

Bermuda’s international business students can take advantage of new business opportunities, a Bermuda Business Development Agency expert said yesterday.

BDA business development manager Sean Moran said: “There are a lot business opportunities out there right now, which is exciting.

“Bermuda has a unique value proposition thanks to its location, infrastructure and mature market and if we are able to work together to get opportunities through to fruition, it will benefit everyone.”

Mr Moran was joined by BDA head of operations Clare Spearing to talk to Bermuda College students about the Island’s drive to bring more foreign investment to its shores.

Students heard that the BDA had teamed up with international business chiefs, the Bermuda Monetary Authority and Government to target potential business in the US, Mexico and other parts of Latin America — an area increasingly interested in doing business in Bermuda.

Ms Spearing said: “Increased regulation and supervision globally has meant that Bermuda’s solid and respected regulatory environment has become a big selling feature for us — it’s what distinguishes Bermuda from many other domiciles.”

And she added that the 40-plus tax information exchange agreements agreed with trading partners was a clear signal that the Island was a clean jurisdiction in which to do business.

The event was set up by the BDA and the college’s Dr Barbara O’Shaughnessy, who teaches an evening course introduction to international business.

Dr O’Shaughnessy said: “The BDA opened the eyes of our international business students to the many ranges of service it offers current and potential clients.

“It is important for our students to not only learn about the implications of globalisation and international business around the world, but how it directly affects Bermuda’s business environment.”

Student Lazeka Richards, 35, said afterwards: “I thought it was very comforting to know that we have people working on the ground to promote international business in Bermuda for the advancement of the economy. Hopefully, it will translate into jobs for Bermudians.”