New trade and investment agreements are expected to help Trinidad and Tobago offset lower hydrocarbons revenues, while helping the country extend its reach beyond the region.
Trinidad & Tobago
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As Trinidad and Tobago looks to offset lower hydrocarbons revenues, a strong increase in tourist arrivals is providing a more optimistic outlook for diversification.
A streamlining of the country’s post-secondary support programme is the driving force behind a recently launched review of Trinidad and Tobago’s higher education system.
A planned desalination project in Tobago looks to be moving forward, as part of broader efforts to ease the impact of water shortages on the island’s residents and economy.
A favourable court ruling has cleared the way for local petrochemicals firm Methanol Holdings (Trinidad) Limited (MHTL) to resume exports of melamine to the US.
As a challenging year drew to a close, Trinidad and Tobago’s newly elected Prime Minister Keith Rowley told the nation to expect a combination of growth-oriented solutions and difficult spending decisions in 2016.