Competition in Trinidad

Trinidad & angstrom unit; Tobago, from the time of the conquistadors, has served as the crossroad of trade for the Americas. forthwith it is not only maritime shipping and air beguile hub, provided also an international art, banking, and services center. Trade relaxation behavior and privatization over the last several years, along with the hemispheric stool toward Free Trade Agreements, while still in progress, go forth increase Trinidad & Tobagos global, regional and sub-regional prominence. The T&T dollar-based economy offers low inflation and foreign convert risk, as one of our dollars is equivalent to $6.41 of T&T dollars. Its legal and regulatory regimes are business friendly. Its government is stable, democratic, and remedy minded and seeks foreign investment in all sectors, specially services, tourism and retirement properties.
The productive and manufacturing sectors remain severely underdeveloped. This translates into socio-economic inequalities mark by a high percentage of the population breathing at or near the poverty level, with high unemployment, and check education and other social benefits.
These projects will generate unavoidably for technology, goods and services.



Trinidad and Tobago has potential for growth in the areas of electric power generation, health care services, port services, land development, road construction, water statistical distribution and purification, telecom, and manufacturing. The United States is one of Trinidad and Tobagos most important trading partners, with about 30% of the import market, but competition in sectors such as: telecom equipment, automobiles, heavy construction equipment, consumer electronics, computers, apparel, gifts, and whatnot products has made merchandise imports rise in 2005 by 16% from 2004 to US $4.1 billion. Merchandise exports were US$964 million.
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