Trinidad & Tobago Today: Economic Diversification Presented by Nneka Luke – Manager Corporate Communications, e TecK
We Are Trinidad and Tobago...We Are Next! Agenda e TecK in Context T&T Today: Key Economic Indicators The Ten Sectors for Development T&T’s Competitive Advantages Developments in Downstream Energy Developments in ICT Tamana InTech Park “Going East” Conclusion
We Are Trinidad and Tobago...We Are Next! e TecK in Context: What We Do Diversification of the T&T economy Ownership, Development and Management of Tamana InTech Park (TIP) Management and Development of Industrial Parks Project Management Development Investment Promotion: Marketing and promotion of T&T in the global marketplace
We Are Trinidad and Tobago...We Are Next! GDPUS$20.9 Bn GDP per capitaUS$15.3 Bn Real GDP growth5.5% Inflation9.7% (May 2008) Unemployment5.5% Net official reservesUS$7.1 Bn ExportUS$13.4 Bn ImportsUS$7.7 Bn T&T Today: Key Economic Indicators
We Are Trinidad and Tobago...We Are Next! Global Leader in: Export of Methanol Methanol LNG to USA Export of LNG to USA Export of Ammonia Ammonia T&T: A Global Leader in Energy T&T: A Global Leader in Energy
We Are Trinidad and Tobago...We Are Next! Ten Sectors for Development Downstream Energy Information, Communication & Technology (ICT) Food & Beverage Printing and Packaging Fish and Fish Processing Merchant Marine Leisure Marine Film and Broadcasting Music and Entertainment Tourism For more details, visit
We Are Trinidad and Tobago...We Are Next! T&T Competitive Advantages Trade Agreements Investment Incentives Strategic Location: Easy access to the Americas Relatively large market for trade Infrastructure Globally recognized support services Track record of global investment excellence Market access Government support Market forces
We Are Trinidad and Tobago...We Are Next! Competitive Advantage: Trade Agreements CARICOM Single Market & Economy (CSME) 15 member countries including T&T 15 member countries including T&T Free movement of goods, services, people and capital throughout CARICOM without tariffs and restrictions Free movement of goods, services, people and capital throughout CARICOM without tariffs and restrictions Ongoing discussions with MERCOSUR Ongoing discussions with MERCOSUR CBI - Caribbean Basin Trade Partnership Act (CBTPA): CBI - Caribbean Basin Trade Partnership Act (CBTPA): - CARICOM Countries / USA - CARICOM Countries / USA European Partnership Agreement - European Union / ACP Countries European Partnership Agreement - European Union / ACP Countries
We Are Trinidad and Tobago...We Are Next! Competitive Advantage: Investment Incentives Foreign Investment Act Foreign Investment Act 5 acres of land for purpose of trade and business 5 acres of land for purpose of trade and business 30% cumulative shareholding in a public company 30% cumulative shareholding in a public company Fiscal Incentives Act – Approved Enterprise Fiscal Incentives Act – Approved Enterprise Customs Act – Customs Duty Exemption Customs Act – Customs Duty Exemption Tourism Development Act – Tax Holidays Tourism Development Act – Tax Holidays Free Zones Act – Withholding tax exemptions Free Zones Act – Withholding tax exemptions
We Are Trinidad and Tobago...We Are Next! Competitive Advantage: Location T&T: Gateway to the Caribbean, Latin America and Beyond
We Are Trinidad and Tobago...We Are Next! Downstream Energy Downstream Metal Processing Aluminium Extrusion Products Aluminium Extrusion Products Automotive Parts Automotive Parts Light Metallurgy Products Light Metallurgy Products Household Fittings Household Fittings Containers/ Bottle Caps Containers/ Bottle Caps Foil / Sheeting Foil / Sheeting Steel Steel Galvanized and Roofing Materials Galvanized and Roofing Materials Storage Tanks Storage Tanks
We Are Trinidad and Tobago...We Are Next! Polypropylene Products Carpeting Carpeting Ropes Ropes Fibres Fibres Plastic containers Plastic containers Toys Toys Polyethylene Products Plastic Bags Plastic Bags Specialty Films Specialty Films Containers Containers Downstream Energy
We Are Trinidad and Tobago...We Are Next! ICT Knowledge-Based Businesses Business Process Outsourcing Medical Transcription Training and Production Software-Based Businesses Software Development (Healthcare and Oil/Gas) Software Related Services (Maintenance and Integration) Product Development Medical / Optical Device Manufacture Electronic Assembly
We Are Trinidad and Tobago...We Are Next! Tamana Intech Park
We Are Trinidad and Tobago...We Are Next! TIP Advantages Full range of business-enabling services on site Eco-Indusrial Park – LEED certified buildings, sustainable development Cluster approach – networking, partnering, business development Scalable, top-class ICT Infrastructure State-of-the-art security systems Presence of UTT campus on site – Quality R&D, top-class human resource capital, partnerships
We Are Trinidad and Tobago...We Are Next! University of Trinidad & Tobago (UTT)
We Are Trinidad and Tobago...We Are Next! Contact Information The Atrium Don Miguel Road Extension El Socorro Trinidad & Tobago Tel: Fax: The Atrium Don Miguel Road Extension El Socorro Trinidad & Tobago Tel: Fax: