International Trade in Trinidad and Tobago

International Trade in Trinidad and Tobago

Between 2000 and 2006, Trinidad and Tobago experienced the highest growth rhythm of the Americas, profiting from the income of the energy sector. Enduring at the same time the effects of the policies established to control an overheated economy and later on, the global economic slowdown,... Read more

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Market Analyses About Trinidad and Tobago (22)

Import and Export Services in Trinidad and Tobago (68)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Trinidad and Tobago

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Escrow.com

    Escrow.com

    Payment Solutions, Trinidad and Tobago

    Since 1999, Escrow.com has established itself as the leading provider of secure business and consumer transaction management across the...

Business Tips About Trinidad and Tobago (3)

Agents and Distributors in Trinidad and Tobago (5)

  • M&A EXPORT

    M&A EXPORT

    Textiles/Apparel Sales and Distribution, Trinidad and Tobago

      Wholesale company of stock clothes and shoes , offer you more then 30 european brands available , in total look for man and woman...
  • Shipping Solutions and Services

    Shipping Solutions and Services

    Air Freight, Trinidad and Tobago

    Address: Suite 11 Cruise Ship Complex, Dock Road, Port of Spain, St George Telephone:  +1 868 627-3627 FCL, LCL,...

Overview About International Trade in Trinidad and Tobago

Economic Overview

Between 2000 and 2006, Trinidad and Tobago experienced the highest growth rhythm of the Americas, profiting from the income of the energy sector. Enduring at the same time the effects of the policies established to control an overheated economy and later on, the global economic slowdown, the growth rate of the country was greatly reduced to -3.5% in 2009. The country has restarted with a positive growth in 2010 (1.2%), but the growth perspectives on a mid-term are less positive than what they were before the crisis.

 

 

The economy of Trinidad and Tobago is very dependent on oil and natural gas which constitute the country's main sources of income. The government has the intention of diversifying its economy focusing on the following sectors: food processing, fishing products, filming industry, entertainment, luxury water sports and merchant marine. The government has adopted an expansionist budgetary policy in order to finance infrastructures, education, social programs and national security.  The monetary policy aims at encouraging the revival of the non-energy sector and managing the excess of cash assets in the financial system.

The economic crisis increased the u...

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