Tobago has a history of colonial rule by a succession of different European powers, including Spain, France and Britain. In 1802 Trinidad and Tobago came under British rule. It was not until 1889 that a British government grouped the two islands together under a single colonial administration. T&T sought and achieved independence in 1962,...
As part of its policy of promoting economic diversification, the Tobago House of Assembly (THA) has been developing the Cove Eco-Industrial and Business Park (CEIBP), a 57-ha site operated by the THA-established private firm, Eco-Industrial Development Company of Tobago (E-IDCOT). The industrial park is intended to act as a catalyst for a wide...
In late 2015 and early 2016 the newly elected government of Trinidad and Tobago took three major steps to set the policy for FY 2015/16 – which ends on September 30, 2016 – and immediately beyond it.
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...
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...
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.
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