With an energy system entirely dependent on natural gas, the transition to cleaner energy generation has emerged as a pressing priority in Trinidad and Tobago. Indeed, per capita carbon emissions from energy-related activities in T&T are nearly 2.5 times greater than the world average, according to the Inter-American Development Bank. In June 2019 the government reaffirmed its commitment to generating…
A number of recent oil and gas discoveries in Trinidad and Tobago bode well for the energy industry over the medium term, with the country well positioned to attract further investment from international operators. This comes at a time when energy multinationals are increasingly turning their interests to the Caribbean region, buoyed by an uptick in similar discoveries in neighbouring Guyana and Suriname. Nevertheless,…
In December 2018 Petrotrin – Trinidad and Tobago’s state-owned oil and gas company – completed a major restructuring drive, aimed at streamlining the company’s operations and cutting costs. While the move resulted in major job losses and faced opposition, it was seen as essential, both in order for the company to regain profitability and for the country to successfully revamp its hydrocarbons…
This section includes a listing of select hotels as well as useful tips for visitors on topics like currency, visas, language, communications, dress code and business hours.…
In conjunction with PwC, this chapter explores the taxation system and Trinidad & Tobago’s efforts to build an investor-friendly environment. It also contains a viewpoint from Brian Hackett, Territory Senior Partner, PwC Trinidad and Tobago.…
Agriculture still lags behind other sectors and continues to be overshadowed by the energy-driven economy. However, strides have been taken in the areas of training and farm development. The dip in energy prices leading to the 2015 recession emphasised that economic diversification is paramount to the stability of the Trinidad and Tobago economy. Moreover, the high produce import bill needed to sustain…
Investment in the construction of several new health care facilities across the country and the upgrade of ageing infrastructure demonstrates that the public sector is on the right path. However, challenges persist as out-of-pocket spending remains high, partly due to elevated medicine costs. Moreover, greater funds will have to be invested in the training of medical professionals if locals are to…
With the ingredients of a typical Caribbean sun, sea and sand destination, an ecotourism centre and MICE gathering point, Trinidad and Tobago has significant potential to develop its tourism sector further. After a slow start following the creation of two organisations that will promote the islands as independent but culturally interconnected international destinations, progress is starting to be…
Trinidad and Tobago’s small size and strategic location in the Caribbean makes it well positioned to serve as a regional transport and logistics hub. However, the country has faced challenges in improving its connections to both surrounding nations and wider global markets. On the domestic level, an increasingly diversified economy will require an upgrade of the country’s road infrastructure…
