EENI Global Business School

Business in Trinidad and Tobago. Trinidadian Economy

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Syllabus of the Subject

Trinidadian and Tobagonian Foreign Trade, Business in Port of Spain (Trinidad and Tobago)

  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 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

E-learning Courses, Diplomas (Global Business, Foreign Trade)

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.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Masters adapted for Caribbean students.

Languages Masters, Doctorate, International Business, English (Study Master Doctorate in International Business in Spanish Trinidad y Tobago Study Doctorate in International Business in French Trinité-et-Tobago Masters Foreign Trade in Portuguese Trinidad e Tobago).

Foreign Trade and Business in the Caribbean (CARICOM) and Cuba

International Trade and Business in Trinidad and Tobago

Market Access - Free Trade Agreements

Preferential Access and Trade Agreements of Trinidad and Tobago:

  1. Trinidad and Tobago and the Caribbean Economic Area
  2. Association of Caribbean States
    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

Trade Facilitation Programs. TFA Agreement

  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)

Latin American Economic Integration

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

Globalization and International Organizations

  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)

Christianity and Global Business (Catholicism, Protestantism)

Trinidad and Tobago belongs to the Caribbean Economic Area.

Foreign Trade and Business in Trinidad and Tobago, Caribbean

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

Foreign Trade (Importing, Exporting)

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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