The Manufacterer Newsletter 2022 EMAG

Access to foreign exchange continued to be a
challenge in 2021. As such, TTMA continued to work
closely with EXIM Bank to ensure that the members
had access to the forex facility. TTMA also noted the
need to keep a keen eye on illicit trade and work
with the relevant authorities to address this issue.
The Anti-Illicit Trade Task Force spearheaded by the
Ministry of Trade and Industry was established in
May 2021. The taskforce was formed with the goal
of taking a coordinated approach to combatting
illicit trade in Trinidad and Tobago and mitigating
the impact it has on legitimate and compliant
businesses. In 2021, TTMA partnered with Arthur
Lok Jack Global School of Business to promote
their initiatives that support the use of technology
in manufacturing. Two key ways this happened were
in their Business Roundtable Webinar Series and
Industry 4.0 Conference.
There is little doubt that the last two pandemic
years were some of the most trying times in the
history of TTMA, the manufacturing sector and on
the population at large. While some fall out was
unavoidable, it is strength in unity that saw the
sector and country through. This is the power of
TTMA’s advocacy at work for its membership. As
the organization moves through its seventh decade
of business support, its founding principles remain
as clear as it was on one day. The TTMA is here to
provide and deliver to each member, a three-part
assurance of: (1) protecting members interests; (2)
build partnerships and alliances and (3) increasing
engagement and outreach according to the
concerns and services of each member. Joining the
TTMA today will afford the opportunity of gaining the
solid backing of this advocacy organization to help
you to move to your envisioned future.
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