Trinidad and Tobago 2012 - invesTT
Trinidad and Tobago 2012 - invesTT
Trinidad and Tobago 2012 - invesTT
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A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (<strong>2012</strong>)<br />
Section 8<br />
• A pool of skilled manpower at attractive price point<br />
• Low energy costs<br />
• Proximity to major markets both geographically <strong>and</strong> culturally<br />
• Links to the Spanish speaking Latin American market<br />
<strong>Trinidad</strong> & <strong>Tobago</strong> remains attractive when evaluated alongside<br />
alternative locations. Its strengths include:<br />
• Near shore location to major markets in the Eastern US time<br />
zone<br />
• A total labour force of 620,000 with strong English skills<br />
• An average annual BPO salary levels range between<br />
US$14,000 to US$18,000<br />
• Lowest electricity rates in the Caribbean (US$0.05 per kWH)<br />
Furthermore, in terms of “ease of doing business” the World Bank<br />
ranked T&T 68 out of 183 countries. FDI Caribbean & Central<br />
American Countries (CCA) of the Future 2011/<strong>2012</strong>, which was<br />
produced by the FDI Intelligence of the Financial Time, ranked T&T<br />
as follows:<br />
• 2nd in terms of best cost effectiveness<br />
• 3rd most attractive country in the Caribbean <strong>and</strong> Central<br />
America (CCA) for foreign direct investment <strong>and</strong><br />
• 5th in the CCA for best economic potential<br />
The <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> International Financial Centre (TTIFC) is<br />
committed to working with new <strong>and</strong> existing firms to ensure that<br />
<strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> is the preferred choice for operations in the<br />
Pan-Caribbean region.<br />
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