Sunday, Oct 22, 2017
TRINIDAD AND TOBAGO NEWS

Economy T&T

Oil price crisis compels Trinidad and Tobago to step up diversification of economy


Dr. Keith Rowley, Prime Minister of Trinidad and Tobago

In a bid to wean the economy off a dependency on oil and gas, Prime Minister Dr. Keith Rowley is looking to attract investment in a number of priority... May 11, 2017

Government | North America & Caribbean | Trinidad and Tobago


Twin islands lead by example


Kamla Persad-Bissessar, Prime Minister of Trinidad and Tobago

The National Development Agenda puts people first as the Caribbean’s leading twin islands work in unison toward a sustainable economy and enhanced quality... Oct 02, 2014

Government | North America & Caribbean | Trinidad and Tobago


Trade and relations strengthen U.S. links


T&T became a member of the New York-based United Nations in 1962

With more than 50 years of strong diplomatic relations, Trinidad and Tobago and the U.S. are two nations that flourish through working together. Oct 02, 2014

Others | North America & Caribbean | Trinidad and Tobago


A world leader in education




Trinidad and Tobago has earned its reputation as one of the world’s greatest innovators in education. Oct 02, 2014

Education | North America & Caribbean | Trinidad and Tobago


Energy charged by new incentives and renewable sources


T&T’s deepwater oil reserves are largely untested and a major oil find is expected in the next five years

As the leading producer of oil and gas in the Caribbean, the government of T&T is looking ahead to ensure the country continues to be a regional pacesetter... Oct 02, 2014

Energy | North America & Caribbean | Trinidad and Tobago


Financial epicenter of the Caribbean




Trinidad and Tobago has successfully navigated the turbulent global economic crisis with long-term growth and a clear vision for the future. Its economy... Oct 01, 2014

Finance | North America & Caribbean | Trinidad and Tobago


Competitive, unique BPO services close to home


TTIFC’s end-to-end services enable BPO firms to expand into new markets

Natural resources have helped Trinidad & Tobago develop into a major regional economy, with a highly skilled workforce and a stable political system. Oct 01, 2014

Services | North America & Caribbean | Trinidad and Tobago


From red tape to red carpet




The government and InvesTT are actively cutting red tape and improving legislation; and with super-low energy costs, a skilled workforce, a geographically... Oct 01, 2014

Industry & Trade | North America & Caribbean | Trinidad and Tobago


Where the opportunities lie




From chocolate to finance, Trinidad and Tobago is sparking investor interest in a wide range of industries. Oct 01, 2014

Industry & Trade | North America & Caribbean | Trinidad and Tobago


Infrastructure connects islands’ potential to reality


Trinidad and Tobago has an extensive network of paved roads and major highways across both islands

The Caribbean leader’s continued economic growth consequentially motivates a need for continued development of the country’s infrastructure and opportunities... Oct 01, 2014

Infrastructure | North America & Caribbean | Trinidad and Tobago


A breathtaking eco-experience within the true Caribbean




Trinidad and Tobago has a rainforest to rival the biodiversity of the Amazon, stunning beaches and a Carnival party that is the envy of the rest of the... Sep 30, 2014

Tourism & Culture | North America & Caribbean | Trinidad and Tobago


Investment opportunities and incentives in tourism




Opportunities in Trinidad and Tobago’s untapped tourism industry are made all the more enticing by the range of incentives introduced under the revised... Sep 30, 2014

Tourism & Culture | North America & Caribbean | Trinidad and Tobago


“Renewable energy has taken off much faster than we could ever have hoped”

George Nicholas
Chairman of Solaris Energy

Mora Ven Holdings is one of the main players in Trinidad and Tobago’s energy sector. Primarily... May 20, 2014


Towards a diversified economy in Trinidad and Tobago

Dr. Bhoendradatt Tewarie
Minister of Planning and Sustainable Development

To date, Trinidad and Tobago’ principal wealth has been focused around its natural resources,... Apr 28, 2014


Chamber looks towards development of a strong and sustainable economy

Mr Moonilal Lalchan
President of the Chamber of Industry and Commerce

As the voice of the country’s business, the Trinidad and Tobago Chamber of Industry and Commerce... Apr 25, 2014


“We are a perfect investment destination”

Mr. Vasant Bharath
Minister of Trade, Industry, Investment, and Communications

Trinidad and Tobago has a long-standing reputation as being a great investment destination... Apr 25, 2014


Airports the gateway for business, investment and tourism

Mr. Jason Julien
Chairman of Trinidad and Tobago’s Airport Authority

With the country known for its location as a strategic trade hub as well as a tourist destination,... Apr 25, 2014


World’s number one service company

Wayne Persad
Managing Director of Lennox Petroleum Services Ltd.

Lennox Petroleum Services Ltd. is a provider of general oilfield contracting services. Wayne... May 14, 2012


The school that sets the standard

Patricia Butcher
Executive Director of the Trinidad and Tobago Hospitality and Tourism Institute (TTHTI)

Patricia Butcher, Executive Director of the Trinidad and Tobago Hospitality and Tourism Institute... May 08, 2012


Opening doors of opportunity and possibilities

Emmanuel Gonsalves
President of College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT)

Emmanuel Gonsalves, President of College of Science, Technology and Applied Arts of Trinidad... May 04, 2012


“A friendly face at every turn”

Vernella Alleyne-Toppin
Minister of Tobago Development

A top eco-tourism destination, Tobago is a culturally diverse island with a fascinating history.... Apr 11, 2012


Good call

Roberto Peón
CEO of Telecommunications Services of Trinidad and Tobago (TSTT)

Roberto Peón, CEO of Telecommunications Services of Trinidad and Tobago (TSTT), discusses... Mar 22, 2012


Carib, T&T’s favorite brand

Derek Waddell
Managing Director of Carib Brewery

United World talks with Derek Waddell, Managing Director of Carib Brewery, about the company’s... Mar 21, 2012


Local expertise with a global appeal

Blair Ferguson
Executive Director of Kenson School of Production Technology

Blair Ferguson, Executive Director of Kenson School of Production Technology, discusses the... Mar 21, 2012


Calling all tourists, employees and airlines

Gerald Hadeed
Chairman of the Airports Authority

United World speaks to Gerald Hadeed, Chairman of the Airports Authority, about fast-tracking... Mar 07, 2012


No need for Plan B

Mr. Deo N. Lall
Managing Director of Qualitech Machining Services

Mr. Deo N. Lall, Managing Director of Qualitech Machining Services, reveals how he mortgaged... Mar 06, 2012


Straight talking, straight banking

Mr. David Dulal-Whiteway
Managing Director at Republic Bank, Trinidad & Tobago

Mr. David Dulal-Whiteway (Managing Director), and Mr. Ronald Ramkissoon (Senior Economist –... Mar 05, 2012


Profitable paradise

Hon. Minister Stephen Cadiz
Minister of Trade and Industry, Trinidad and Tobago

When thinking of Trinidad & Tobago, leisurely holidays on sun-kissed beaches come to mind –... Feb 24, 2012


Improving paradise

Emmanuel George
Ministry of Public Utilities, Trinidad & Tobago

United World talks to Senator the Honorable Emmanuel George, Ministry of Public Utilities,... Feb 20, 2012


United World talks to Mr. Joseph Toney

Mr. Joseph Toney
Chairman of Port Authority of Trinidad and Tobago

Chairman of Port Authority of Trinidad and Tobago Jan 19, 2012


Hon. Minister Winston Dookeran, Minister of Finance

Winston Dookeran
Minister of Finance

Trinidad and Tobago prospers thanks to adequate buffers in the financial system, a strong... Nov 11, 2011



LOCATION:   

Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela

 

AREA:   

total: 5,128 sq km

 

AREA - comparative:   

slightly smaller than Delaware

 

CLIMATE:   

tropical; rainy season update paises set descripcion = June to December)

 

NATURAL RESOURCES:   

petroleum, natural gas, asphalt

 

LANGUAGES:   

English update paises set descripcion = official; Caribbean Hindustani update paises set descripcion = a dialect of Hindi; French, Spanish, Chinese

 

POPULATION:   

1,220,479 (July 2016 est.)

country comparison to the world: 160

 

GOVERNMENT TYPE:   

parliamentary democracy

 

CAPITAL:   

name: Port of Spain

 

INDEPENDENCE:   

31 August 1962 update paises set descripcion = from the UK)

 

GDP - real growth rate:   

-2.8% (2016 est.)

-2.1% (2015 est.)

-1% (2014 est.)

 

GDP - composition by sector:   

agriculture: 0.5%

industry: 13.9%

services: 85.6% (2016 est.)

 

AGRICULTURE - products:   

cocoa, dasheen, pumpkin, cassava, tomatoes, cucumbers, eggplant, hot pepper, pommecythere, coconut water, poultry

 

INDUSTRIES:   

petroleum and petroleum products, liquefied natural gas update paises set descripcion = LNG; methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles

 

EXPORTS:   

$7.264 billion (2016 est.)

$8.166 billion (2015 est.)

country comparison to the world: 98

 

IMPORTS:   

$7.398 billion (2016 est.)

$7.9 billion (2015 est.)

country comparison to the world: 107






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Port Authority of Trinidad and Tobago

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