The Americas Economy

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How can Trinidad and Tobago improve its ranking for ease of doing business?

 

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...

 

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...

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