Business in Trinidad and Tobago

The objectives of the subject «Doing Business in Trinidad and Tobago» are the following:

1. To analyze the Trinidadian and Tobagonian Economy and Global Trade;
2. To explore the Business Opportunities in Trinidad and Tobago;
3. To analyze the trade relations of Trinidad and Tobago with the country of the student;
4. To know the Free Trade Agreements of Trinidad and Tobago;
5. To develop a business plan for the Trinidadian and Tobagonian Market.

The Subject «Foreign Trade and Business in Trinidad and Tobago» belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages ( Trinidad y Tobago Trinité-et-Tobago Trinidad e Tobago).

Preferential Access and Free Trade Agreements of Trinidad and Tobago:

1. Trinidad and Tobago and the Caribbean Economic Area;
2. ACS;
3. CARICOM
   1. CARIFORUM-EU Agreement;
   2. Colombia-CARICOM Agreement (Trinidad and Tobago);
   3. CARICOM-Dominican Republic FTA;
   4. Costa Rica-CARICOM Agreement (Trinidad and Tobago);
   5. UK-CARIFORUM Free Trade and Economic Integration Agreement.
4. Caribbean Basin Initiative
   1. The U.S.-Caribbean Basin Trade Partnership Act (CBTPA).
5. Caribbean-Canada Trade Agreement;
6. Global System of Trade Preferences.

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures;
   2. WTO General Agreement on Trade in Services (GATS);
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Kyoto Convention.
3. BIC;
4. Chicago Convention (ICAO);
5. IMO
6. Customs Convention on Containers;
7. Hamburg Rules (Sea).

1. CELAC
   1. EU-CELAC Summit.
2. OAS;
3. ECLAC;
4. Inter-American Development Bank.

1. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
2. WB;
3. WTO;
4. IMF;
5. Commonwealth;
6. ...

1. Trinidadian and Tobagonian Capital: Port of Spain;
2. Most populous city: Chaguanas (Trinidad Island), 84,000 people;
3. Trinidad and Tobago does not share land borders with any country;
4. Nearest countries to Trinidad and Tobago by sea: Barbados, Venezuela, Guyana and Grenada;
5. Area of Trinidad and Tobago: 5.128 km²;
6. Population of Trinidad and Tobago: 1.380,000 inhabitants;
   1. Trinidadian and Tobagonian Population density : 255 inhabitants / km²;
   2. 40% of the population has an African origin.
7. Municipalities: Arima, Chaguanas, Point Fortin, Port of Spain, San Fernando;
8. Corporate regions: Couva-Tabaquite-Talparo, Diego Martín, Penal-Debe, Princes Town, Claro-Mayaro River, San Juan-Laventille, Sangre Grande, Siparia, Tunapuna-Piarco;
9. The official languages of Trinidad and Tobago are Spanish (since 2020) and English
   1. Spanish is increasingly used.
10. Abolition of Slavery in Trinidad and Tobago: 1834;
11. Climate of Trinidad and Tobago: tropical;
12. Trinidad and Tobago is far from the Atlantic hurricane area;
13. Main rivers: Ortoire and Caroni;
14. 1498: discovery by the Spanish (Tierra of the Santísima Trinidad=Land of the Holy Trinity);
15. 1802: British colonization;
16. Type of government: Parliamentary Republic;
17. Official name: Republic of Trinidad and Tobago;
18. Trinidad and Tobago became independent from the UK in 1962.

Main religion in Trinidad and Tobago: Christianity Protestantism.

1. Anglicans (40% of the population).

Trinidad and Tobago belongs to the Caribbean Economic area of the Western Civilization.

Trinidadian and Tobagonian Economy.

1. Trinidadian and Tobagonian GDP: 44,654 million dollars;
2. Trinidad and Tobago has the third highest GDP per capita (measured by purchasing power parity) in America (after the U.S. and Canada);
3. World Bank ranking: high-income economy;
4. GDP per capita of Trinidad and Tobago: 32,530 Dollars;
5. The main natural resources are: oil, natural gas and bauxite;
6. Oil and gas represent 40% of the GDP and 80% of exports, but only generate 5% of total employment;
7. Trinidad and Tobago's main economic activities are: services, tourism, industry (refinery and petrochemical) and agriculture;
8. The main crops are sugar cane, honey, rum, cocoa, grains, citrus and coffee;
9. Trinidad and Tobago is an important financial centre of the Caribbean;
10. Trinidadian and Tobagonian Currency: Trinidad and Tobago dollar (TTD);
11. Country code top-level domain of Trinidad and Tobago: .tt.

Trinidadian and Tobagonian Foreign Trade

1. Main Exports of Trinidad and Tobago: sugar, manufactured products and chemicals, molasses, rum, electrical components;
2. Main export markets of Trinidad and Tobago: France, the U.S., Spain, Saint Lucia, Saint Vincent and the Grenadines, Venezuela, Antigua and Barbuda, Saint Kitts and Nevis;
3. Main imports of Trinidad and Tobago: oil, machinery, consumer goods, food, building materials, chemicals, electrical components;
4. Largest providers of Trinidad and Tobago: Russia, Japan, the U.S., China and the UK;
5. Main port: Port of Spain.

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