Business in Trinidad and Tobago, Port of Spain

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Syllabus of the Subject: Foreign Trade and Business in Trinidad and Tobago - Port of Spain. Trinidadian and Tobagonian Economy (Course, Master)

1. Introduction to Trinidad and Tobago
2. Business in Port of Spain
3. Trinidadian and Tobagonian Economy
4. Trinidadian and Tobagonian Foreign Trade
5. Business Opportunities in Trinidad and Tobago
6. Access to the Trinidadian and Tobagonian Market
7. Business Plan for Trinidad and Tobago

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

1. To analyse the Trinidadian and Tobagonian economy and Foreign Trade
2. To explore the Business Opportunities in Trinidad and Tobago
3. To analyse 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

Example of the Subject - Doing Business in Trinidad and Tobago:

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Description of the Subject - Business in Trinidad and Tobago:

Trinidad and Tobago.

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 square kilometres
6. Population of Trinidad and Tobago: 1.380,000 inhabitants
   1. Trinidadian and Tobagonian Population density : 255 inhabitants / square kilometres
   2. 40% of the population has an African origin (African Diaspora)
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 colonisation
16. Type of government: Parliamentary Republic
17. Official name: Republic of Trinidad and Tobago
18. Trinidad and Tobago became independent from the United Kingdom 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 Civilisation

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 United States 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 United States, 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 United States, China and the United Kingdom
5. Main port: Port of Spain

Preferential access and Free Trade Agreements of Trinidad and Tobago:

1. Association of Caribbean States (ACS)
2. Bolivarian Alliance for the Peoples of Our America (ALBA)
3. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement
   2. Colombia-CARICOM Agreement (Trinidad and Tobago)
   3. CARICOM-Dominican Republic Free Trade Agreement
   4. Costa Rica-Caribbean Community Agreement (Trinidad and Tobago)
4. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA)
5. Caribbean-Canada Trade Agreement (CARIBCAN)
6. Latin American and Caribbean Economic System (SELA)

Trinidad and Tobago is a member of...

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit
2. Organisation of American States (OAS)
3. Economic Commission for Latin America and the Caribbean (ECLAC)
4. Inter-American Development Bank
5. International Maritime Organisation (IMO)
6. Customs Convention on Containers (CCC)
7. United Nations Convention on the Carriage of Goods by Sea (Hamburg Rules)
8. World Bank (WB)
9. International Monetary Fund (IMF)
10. World Trade Organisation (WTO)
11. Commonwealth
12. United Nations...

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