The World Trade Organisation (WTO) has defined trade facilitation as meaning the simplification and harmonisation of international trade procedures. In late 2013 WTO members agreed on the initial text of a trade facilitation agreement (TFA), which was further refined during 2014. The document focuses on actions to ease the movement, release...
For an island economy, air and sea transport links are critically important. There is lively debate about the current state of Tobago’s transport links and the need to upgrade in the future. One of its main connections is the regular air bridge service of shuttle flights between Trinidad’s Piarco Airport and ANR Robinson International Airport...
Situated at the southern end of the Caribbean and only 11 km from the Venezuelan coast, the twin islands of Trinidad and Tobago have long stood out in the Caribbean and South American regions. Rich in oil and gas, T&T’s economy is comparatively wealthy, features a robust democratic system and is known for its vibrant cultural traditions....
Classified by the World Bank as a high-income country, the twin-island nation of Trinidad and Tobago has one of the highest GNI per capita in Latin America and the Caribbean, at $17,640 in 2015. In contrast to a number of tourism-dependent economies in the Caribbean, T&T’s wealth is linked primarily to its hydrocarbons resources, in...
Tobago was first grouped with Trinidad under British colonial rule in 1889. In 1962 the twin islands achieved independence and became a republic over a decade later in 1976. After independence, Tobago was considered an administrative and electoral region of the country, with administration being handled solely through the Ministry of Tobago...
Income tax in Trinidad and Tobago is payable for each year of income on all income accruing in or derived from T&T, regardless of whether the individual is resident or not. The year of income is the calendar year and is the basis period for all sources of income except profits from trade, business, profession or vocation, in which case it...
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