Trinidad among top 10 best countries to do business in LatAm and the Caribbean
Trinidad and Tobago ranked 66th out of 141 countries — 9th among Latin American and Caribbean nations — on Forbes Magazine’s 2012 list of the best countries to do business, published Nov. 14.
Despite some declines, Trinidad placed higher than FDI powerhouse Brazil, the Dominican Republic, Guatemala and Jamaica among others.
Investors can rest assured that the country is both open for business and predisposed to safeguard investor interests. Forbes' report ranks Trinidad as the 24th best country in the world for investor protection owing to its strong legal and regulatory climate, which got another major boost just this month through new legislation aimed at securities reform.
Other areas where Trinidad ranked well were personal freedom, technology and property rights.
The report confirms the twin-island nation's overall appeal within the Latin America and the Caribbean bloc given its strategic location and economic strength
Last year, the country placed 49th in the world out of 134 countries and the latest report shows declines in the areas of trade freedom, innovation and the perception of corruption coming off a contraction of GDP growth of 1.3 per cent in 2011.
Forbes’ annual list is based on 2011 economic data compiled from sources ranging from the Heritage Foundation, the World Economic Forum, Transparency International, Freedom House, the World Bank, and the Central Intelligence Agency. Read the full report here.