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Local Companies Increase their Export Competitiveness

 

October 13th, 2015

Local Companies Increase their Export Competitiveness

InvesTT has provided its support to local export companies seeking regional and foreign business through the InBuy2015 hosted by ExporTT during 14th -16th October at the Hyatt Regency. “This collaboration made perfect sense for us; it is a key component in establishing Trinidad and Tobago as the manufacturing hub of the Caribbean.” says Racquel Moses - president InvesTT, “Investors are not only attracted to our export capability, but also because they recognize that products made in Trinidad and Tobago are of a high quality and are the outcome of a rich, authentic, cultural provenance.”

Both agencies are aligned under the Ministry of Trade and Industry with InvesTT set up to collaboratively drive the diversification of the economy away from oil and gas. While its focus is on inward investment, ExporTT’s focus is on developing export ready companies. InvesTT’s overall mission to attract, facilitate and retain investments in the country is an all-encompassing one that involves partnering with other state agencies such as ExporTT to improve the country’s offerings and competitiveness.

According to Moses, “InBuyTT 2015 is an ideal opportunity for our private sector to show their export capabilities. We continue to focus on building our export and foreign exchange earning ability in industries highlighted to provide sustainable growth and diversification. Hence we congratulate ExporTT on an excellent initiative that will contribute to the export earning capacity of our industries.”

 

InvesTT has recently earned international recognition for outstanding performance:

  1. Winner of UNCTAD’s Investment Promotion Award for Excellence in Promoting FDI for Sustainable Development 2014;
  2. Winner of Site Selection Magazine’s Best to Invest Top Agencies Award 2015 (Latin America and the Caribbean).

Trinidad and Tobago has also been ranked the #1 Cost Competitive Investment Destination in the Caribbean and Central America Region by The Financial Times’ fDI Intelligence report for the past two years and was listed as one of the Caribbean & Central American Countries of the Future 2015/16 – FDI Strategy winners.