The Central Bank of Trinidad and Tobago’s (CBTT) current approach to managing foreign exchange (forex), both in terms of how it sets the exchange rate, and how it manages the supply of US dollars in the financial system, has given rise to the development of a black market for foreign currency in T&T, and is affecting the performance of the non-...
With its beautiful beaches, biodiverse tropical forests and wide range of leisure activities, there is undoubtedly major potential for the further development of tourism in Tobago, which remains relatively unchanged by the industry.
Along with tourism, agro-processing is another area that holds significant potential for the diversification of Tobago’s economy. According to stakeholders there are three developments that will help to realise this potential of the industry. The first includes a revival of the island’s traditional agriculture and livestock production. Farm...
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...
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