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CONTACT Magazine (Vol.18 No.1 – April 2018)

The first issue of the rebranded CONTACT Magazine — with a brand new editorial and design direction — produced by MEP Publishers for the Trinidad & Tobago Chamber of Industry & Commerce

transforming t&T

transforming t&T Desperate for change Critically dependent on Trinidad, and badly hurt by the prolonged turmoil on the seabridge, Tobago is in urgent need of transformative action WORDS By: hiLlary young For economic transformation to take place in Tobago, the island must identify and develop its own industries, says Tobago-born UWI economics lecturer Anthony Birchwood. And “once the industries are identified, the youths must be part of any development going forward.” Tourism and manufacturing will benefit from investment flows, both international and local. But development must be driven by the private sector, or by the government/Tobago House of Assembly (THA) or both. The THA’s plans The Tobago House of Assembly documented its proposals for Tobago’s economic development in its Comprehensive Economic Development Plan (CEDP) 2.0. Covering the island’s development from 2013 to 2017, the policy framework showed how the THA wants to “transform and diversify the Tobago economy ... to adjust to rapid changes in the national and international economies”. The plan concentrated on eight strategic areas: • good governance and institutional reform • business development and entrepreneurship • human capital development • social development and resilience • improved infrastructure and utilities • enhanced safety and security • environmental sustainability • branding Tobago “Clean, Green, Safe and Serene”. 32 Trinidad and Tobago Chamber of Industry and Commerce www.chamber.org.tt/contact-magazine

PHB.cz (Richard Semik)/shutterstock.com Parlatuvier Bay, Tobago www.chamber.org.tt/contact-magazine 33 Trinidad and Tobago Chamber of Industry and Commerce

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