Investor confidence continues to grow in T&T’s services sector
September 01, 2017: Trinidad and Tobago, as home to two new professional services operations in Port of Spain and Scarborough is sending a clear signal of investor confidence in the local economy. Speaking at the Crowe Horwath International’s ‘Newest Expansion in the Caribbean’ Breakfast Launch on Tuesday 29 August, 2017, Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry said “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”.
Minister Gopee-Scoon noted that “Trinidad and Tobago’s sustained ability to attract companies in the services and other sectors reflects a robust foundation upon which the 8th largest global accounting network will flourish as it promotes its suite of audit, tax and advisory services”. She articulated to the audience the attractive attributes that position Trinidad and Tobago 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 services sector is important to the country’s economy, contributing approximately fifty-six (56) percent to total Gross Domestic Product (GDP). The Ministry of Trade and Industry, recognizing 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. Minister Gopee-Scoon welcomed the Crowe Horwath International staff and expressed anticipation of a long and fruitful, mutually beneficial relationship.
Mr. 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. His Worship the Mayor of Port-of-Spain, Alderman Joel Martinez, welcomed Crowe Horwath International to the City of Port-of-Spain, and expressed confidence that the company’s presence would be felt in Trinidad and Tobago.
For more information contact:Corporate Communications Unit Ministry of Trade and Industry Level 17, Nicholas Tower, 63-65 Independence Square, Port of Spain 623-2931 ext 2722