What segments are best positioned to receive foreign direct investment (FDI) in 2016?
Industry
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Interviews & Viewpoints | Racquel Moses, President, InvesTT: Interview from The Report: Trinidad & Tobago 2016
Articles & Analysis | Trinidad and Tobago expands regional industrial cooperation with Latin America and other countries in the Caribbean from The Report: Trinidad & Tobago 2016
Alongside the renewed impetus to diversify Trinidad and Tobago’s industrial sector, businesses are pursuing new export markets for products and services. Traditionally, exports have been focused on the member countries of CARICOM, established in 1973. The largest export market is Jamaica, which received $182m worth of T&T products in the...
Interviews & Viewpoints | Arthur Lok Jack, Executive Chairman, Associated Brands: Interview from The Report: Trinidad & Tobago 2016
To what extent are the conditions that allowed a manufacturing cluster to be created in Trinidad and Tobago still present today?
Articles & Analysis | Trinidad and Tobago’s food and beverage sector offers new potential from The Report: Trinidad & Tobago 2016
Unsurprisingly, given its relatively small land area and high average income, Trinidad and Tobago is dependent on food imports. Between 2010 and 2014, food imports rose from TT$4bn ($616m) to TT$5.8bn ($893.2m), according to data from the Central Statistical Office (CSO). A few main categories – cereals and cereal preparations, fruits and...
In his October 2015 budget speech, newly appointed finance minister Colm Imbert underscored the fact that Trinidad and Tobago’s manufacturing sector had fallen below 10% of national GDP. Estimates from the Central Statistical Office put the figure at 8.1% in 2015, with food, beverages and tobacco accounting for around 4.5% of GDP. Despite having the largest manufacturing base of any CARICOM...
Although low oil and gas prices in 2015 had a negative economic effect on the Trinidad and Tobago, the current government is pursuing a series of reforms aimed at both strengthening the important energy sector and diversifying the wider economy.