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Annual Report 2021

The Trinidad and Tobago Chamber of Industry and Commerce Annual Report 2021

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<strong>2021</strong> ANNUAL REPORT<br />

TRANSFORMING TOMORROW...!<br />

Tobago Division <strong>Report</strong><br />

Although in my chairmanship of the Tobago<br />

Division I strive to seek out positives,<br />

when I look back on <strong>2021</strong>, there are<br />

not many positives to which I could<br />

point. The COVID-19 pandemic and attendant<br />

restrictions – limited opening, travel curtailment for<br />

international domestic tourists, etc., – continued to<br />

keep the island’s business community in a state of<br />

abeyance, similar to 2020. Although at the outset<br />

the quest was to save both lives and livelihoods,<br />

the unfortunate fact is that many livelihoods were<br />

lost. Businesses continued to be negatively affected<br />

not only by this, but by the general decline of<br />

the Tobago economy which began several years<br />

ago. Added to all this, the decision-making at the<br />

administrative level was often stymied due to the<br />

House of Assembly (THA) 6-6 tie in the Tobago<br />

House of Assembly. Taken together, these factors<br />

brought Tobago to a virtual standstill in the past<br />

year.<br />

Diane Hadad<br />

One can only hope that in the months ahead a<br />

glimmer of light may begin to show itself. Globally,<br />

there are signs that we have turned the corner of<br />

the pandemic, although new variants are being<br />

identified periodically. Some airlines have returned<br />

to the route and international travel is picking up.<br />

Still, it very much remains to be seen what our<br />

post-COVID economy would be, given what can<br />

already be seen of the financial impact. Businesses<br />

that have managed to weather the storm so far<br />

are now trying to find balance and re-establish<br />

themselves, even as they search for solutions on<br />

the way forward.<br />

One worrisome trend has been the increasing<br />

reports which have been reaching the Division of<br />

26<br />

Tobago Division <strong>Report</strong>

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