Exporting to Trinidad and Tobago
Trinidad and Tobago has positioned itself as a regional hub for business, finance, energy services, transhipment and investment. The government has removed restrictions on foreign investment, foreign exchange control and provided various business incentives. Trade agreements with North, Central and South American countries offer enhanced access to those markets.
UK investor appeal
The country’s economic policies favour trade liberalisation and foreign direct investment. Around 400 multinational companies have physical offices in Trinidad and Tobago, including over 50 British companies.
Solid economic policies
Trinidad and Tobago is ranked top for foreign direct investment (FDI) cost- effectiveness amongst Caribbean and Central American countries. Energy prices are low. Legislation is based on UK common law. The workforce is educated, skilled and English-speaking.
Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Trinidad and Tobago have identified particular opportunities for UK businesses in the following sectors.
Demand for UK goods and services
There are opportunities for UK companies to invest in the government’s block auctions and procurement of varied products and services including umbilical, pipes, valves, dynamic risers, spurs, manifolds, jumpers, suction pipes and asset integrity services.
Demand for renewable and clean energy
The government has pledged to increase energy generation via renewable sources, opening up prospects for renewable and clean energy exports. Areas of opportunities for UK businesses are solar lighting, alternative clean fuels and wind energy.
Commercial opportunities for UK companies in the healthcare sector include: hospital construction, redevelopment and refurbishment, procurement and installation of medical equipment, health information management systems and technologies for medical waste elimination.
Demand for public health expertise
There is demand for UK companies to provide expertise in projects to address the prevalence of non-communicable diseases among the population.
Demand for UK goods
Security agencies typically require items such as vehicles and ambulances, surveillance systems, mobile device tracking systems, drone technology, CCTV technology and public order equipment.
There are opportunities for UK businesses in the construction of prisons and police stations, including outfitting requirements.