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 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 Trade Agreements of Trinidad and Tobago:

1. Trinidad and Tobago and the Caribbean Economic Area
2. Association of Caribbean States
3. CARICOM
   1. CARIFORUM-EU Agreement
   2. Colombia-CARICOM Agreement (Trinidad and Tobago)
   3. CARICOM-Dominican Republic Agreement
   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. 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
2. OAS
3. ECLAC
4. Inter-American Development Bank

1. UN
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.

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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