Trinidad & Tobago

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How do you assess the impact of the Covid-19-induced crisis on the natural gas industry?

Earlier this year, Trinidad and Tobago was looking relatively resistant to the worst effects of the coronavirus pandemic. However, given that oil and tourism are two of the main contributors to GDP – with a 45% and 7.6% share, respectively, in 2018 – T&T is beginning to feel the economic pinch. In response, policymakers have deployed a variety of fiscal and monetary policy tools, supported by the country's banks. 

‘Nearshoring’ – whereby companies shift their offshore production capacities closer to home – is experiencing significant growth in Latin America amid the coronavirus pandemic.

As global supply chains become increasingly fragmented amid the spread of Covid-19, the discourse around food security in Trinidad and Tobago is being reinvigorated.

In recent years Trinidad and Tobago’s maritime industry has witnessed changes that are sending ripples around the globe. New regulations, new technologies and changing trade volumes are altering the game, and several indicators show the country stands to benefit.

What impact did foreign exchange (forex) variations have on Trinidad and Tobago’s export market?

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