Lower government revenues following the downturn in global hydrocarbons prices have prompted Trinidad and Tobago to re-evaluate its spending priorities and intensify its efforts to diversify the largely energy-driven economy. Thanks to the country’s strong fundamentals, 2015 is expected to be a recovery year, with the Caribbean Development Bank forecasting expansion of 1.7%, after GDP growth of less than 1% in 2014.
Featuring a viewpoint with Mark Laquis, Managing Partner, Pollonais, Blanc, de la Bastide & Jacelon, on the financial services regulatory framework, this chapter provides an overview of T&T’s legal framework, covering a range of topics from intellectual property rights to labour laws and immigration, among others.
In Trinidad and Tobago trademark rights are currently regulated by the provisions of the Trade Marks Act Chapter 82:81. A trademark under the act may include a device, name, signature, word, letter, numeral or any combination thereof capable of distinguishing the goods or services of the proprietor from that of another proprietor or competitor.
Throughout its history the twin-island nation of Trinidad and Tobago changed hands between several different European powers, before eventually becoming an English colony.
Trinidad and Tobago has not been immune to the effects of the recent global crisis on the financial services industry. The energy sector – the largest contributor to the local economy – has also been significantly affected by the global downturn, culminating in the sharp fall in oil prices over the last year.
Due to its central location, Panama’s economy is primarily based on a well-developed services sector, which accounts for nearly 83.4% of GDP. Services include the Panama Canal and its associated logistics hub, the Colón Free Trade Zone (CFTZ), banking, insurance, tourism and the international ship registry, health care and other economic sectors.
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