The Comprehensive Economic Development Plan 2013-17, also known as CEDP 2.0, places a major emphasis on developing business enterprise and entrepreneurship. Tobago had 4.6% of Trinidad and Tobago’s total population as of the 2011 census, but contributed less than 1.2% to its GDP. The development plan states it is critical to narrow or close...
What is the potential for the creation of new industrial clusters in Trinidad & Tobago?
A significant segment of the tourism business is focused on water vessels, ranging from large luxury cruisers to recreational yachts. According to the Central Statistical Office (CSO), cruise ship passenger visits to Tobago more than tripled in 2015, rising from 16,159 in 2014 to 56,220, indicating that cruise ship tourism is emerging as a...
In which areas do you foresee public-private partnerships (PPPs) playing a greater role?
While the agriculture sector of Trinidad and Tobago has experienced a steady decline in recent decades, the government is looking to reinvigorate growth, with a focus on value-added and niche products.
Contributing a significant percentage to GDP and providing work for a large part of the workforce, small and medium-sized enterprises (SMEs) comprise a vital part of the Trinidad and Tobago economy. According to the T&T Chamber of Industry and Commerce (TTCIC), there were more than 20,000 SMEs operating in the country as of 2011 – the...
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