Minister: T&T still attractive to foreign investors

Minister: T&T still attractive to foreign investors

Monday, September 4, 2017

The launch of Crowe Horwath International’s accounting network in T&T shows that foreign investors remain interested in investing in the country said Trade Minister Paula Gopee-Scoon.

“The establishment of a presence in both islands reflects the strength of the domestic business environment, the country’s stable political system and the human resource capabilities residing in this country,” Gopee-Scoon said.

She was speaking at the Crowe Horwath International’s “Newest Expansion in the Caribbean” Breakfast Launch on Tuesday.

Scoon noted that: “T&T’s sustained ability to attract companies in the services and other sectors reflects a robust foundation upon which the eighth largest global accounting network will flourish as it promotes its suite of audit, tax and advisory services”.

She said that there are attractive features which position T&T as an ideal destination in which to do business which included the country’s easy access to North and South America, its strategic location as a transhipment hub for exports, preferential access to the markets of CARICOM and other regional and international markets through trade agreements with the United States of America, Canada and the European Union, low utility cost, developed communications infrastructure and access to generous fiscal incentives.

“The establishment of a presence in both islands reflects the strength of the domestic business environment, the country’s stable political system and the human resource capabilities residing in this country.” 
Paula Gopee-Scoon, Trade Minister

The services sector is important to the country’s economy, contributing approximately 56 per cent to total Gross Domestic Product (GDP).

The Ministry of Trade and Industry, recognising the services sector’s potential, has been working to create opportunities, bolster competitiveness and support trade facilitation to stimulate investment in services through strategic interventions.

Gopee-Scoon welcomed the Crowe Horwath International staff and expressed anticipation of a long and fruitful, mutually beneficial relationship.

Juan Carlos Lara-Povedano, Regional Executive, Crowe Horwath International assured the audience of the company’s commitment to contribute to the growth and development of Trinidad and Tobago for the future.

Source: Guardian Trinidad and Tobago