Trinidad and Tobago 2012 - invesTT

A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (2012)
Areas of Opportunity
Section 8
Trinidad and Tobago has become known for its well-established,
energy-based economy, and the country derives most of its
revenues from the energy sector. However, Government recognises
that energy resources are finite, and in order to achieve long-term,
sustainable growth and development, the country must aggressively
diversify the economy, with special emphasis on the downstream
from energy, manufacturing and the services sectors.
The objective of the development strategy of the Government
of Trinidad and Tobago is to generate economic growth through
diversification and the development of business in the non-energy
sectors.
The priority is industries for business development, including
expansion and job creation possibilities, in areas where we enjoyed
traditional advantages, held a substantial resource base or had
the potential for competitive advantage in the international trading
environment. These industries are as follows:
• Downstream from Energy
• Information Communications Technology
• Financial Services
• Light Manufacturing
• Maritime Industries
• Creative Industries
• Clean Technology
There are new and established industry teams comprising
stakeholders from the private and public sector working diligently
to develop and in some cases, revise strategic plans to enable
these sectors to compete effectively in a globally competitive
trading environment. These strategic plans provide operators within
the sectors a comprehensive overview of their specific industry,
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