Trinidad and Tobago is an attractive investment destination in the Caribbean. The economy is largely based on oil and gas exports, but the government has been making efforts to diversify into areas like tourism, finance and manufacturing. There are policies and incentives in place to facilitate foreign direct investment. Investors can take advantage of a skilled workforce, developed infrastructure and easy access to international markets.
stable political environment and pro-business policies
Trinidad and Tobago has a stable political environment. The government welcomes foreign investment and has policies like tax incentives, special economic zones, bilateral investment treaties etc. There is an Investment Facilitation Center that assists investors in getting established. Intellectual property regulations are also strong.
strategic location and membership in trade blocs
The country’s location provides easy access to major markets in Americas and Europe. It is a member of CARICOM which gives access to a market of over 15 million people. There are also trade agreements with Latin American markets, Canada and Europe.
oil, gas and petrochemical industry
Oil and gas accounts for 40% of GDP in Trinidad and Tobago. There are opportunities for foreign investors in exploration and production ventures, especially in deep water blocks. The petrochemical industry also offers prospects given the supply of cheap natural gas feedstock.
emerging sectors – tourism and manufacturing
The government has emphasize on tourism with a goal to increase annual visitors to 500,000 by 2020. There are openings in building hotels and resorts. Low utility costs, investment incentives and skilled workforce make the country suitable for manufacturing industries.
Trinidad and Tobago provides an attractive business environment and incentives for foreign investment across industries like oil and gas, tourism and manufacturing. Strategic policies and location provide good long-term prospects.