Investment Climate

A Positive Investment Climate

Trinidad and Tobago is a stable democracy that maintains close relations with its Caribbean neighbours and major North American and European trading partners. It is a member of the following international associations:

  • United Nations (UN)
  • Organisation of American States (OAS)
  • Association of Caribbean States (ACS)
  • Commonwealth of Nations
  • World Trade Organisation (WTO)
  • Caribbean Community (CARICOM)

Business Rankings

The Global Competitiveness Report 2016-2017 published annually by the World Economic Forum ranked Trinidad and Tobago favourably on a number of sub-indices.

 

Globally Competitive Workforce

Skilled

Trinidad and Tobago competes on a global scale with a highly skilled workforce of approximately 649,100 persons who speak native English. Additionally, there is a prevalence of Spanish linguists as the country is only 11 km off the coast of South America.

Educated

Education is a prime focus of the country’s development strategy which has a well-developed educational system. Secondary level and university graduates (7,600 annually) provide ready access to a pool of skilled, trained and trainable candidates in a broad spectrum of disciplines.

Well-developed human resource base

A high percentage of the workforce includes professionals with postgraduate qualifications. Specializations are abundant in legal, administrative, information technology and general management, as well as STEM qualifications. Industry specific skills are also readily available.

Cosmopolitan

Trinidad and Tobago sports a diverse population who are descendants of peoples from as far as China and India, to the Middle East, South America, Europe and Africa. Fondly known as the 'melting pot' of the Caribbean, our diversity manifests itself in our cuisine, music and a medley of festivals.

Training for the Future

Many educational and skills-training initiatives are done through partnerships between the state and the private sector. The future needs of employers and emerging industries are catered for through such initiatives.

On the Job Training

The National Training Agency’s On-the-Job Training (OJT) program provides opportunities for nationals, between the ages of 16-35, to gain practical experience and work-based training at local companies.

Wages and Salaries

Minimum wages are set by the Minimum Wages Act. Normal working hours are 8 hours per day, inclusive of meal break and rest period.

Compensation varies widely according to the industrial sector. Other fringe benefits such as health insurance, meals, travel allowances and bonuses may also apply.

  • Average wage earnings for high level occupation groupings - US$60,000 per annum
  • Minimum wage - TT$15.00 per hour (approx. US$2.35)

 





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InvesTT Limited
Trinidad and Tobago
El Socorro, PoS
Trinidad and Tobago

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