Improvements to Trinidad and Tobago’s Trade Environment Underway with CDB & EU Support

• The private sector in Trinidad and Tobago (T&T) will see improvements in the trading environment as a result of three new trade initiatives underway at the Ministry of Trade and Industry (MTI) and its agencies. 
• The MTI has accessed assistance from the Economic Partnership Agreement and Caribbean Community (CARICOM) Single Market and Economy (CSME) Standby Facility for Capacity Building, which is managed by the Caribbean Development Bank (CDB) with European Union (EU) funding. 
• The initiative is aimed at establishing an online focal point for trade queries, building the capacity of local entrepreneurs, generating new trade opportunities and building networks within select markets in Europe. These projects will increase efficiency and communication among state agencies and improve revenue generation in smaller, export-oriented businesses. 
• The CDB is partnering with Trinidad and Tobago’s Government across sectors and integrating trade facilitation measures in its programming to increase employment as well as revenue, and to reduce poverty in alignment with the Sustainable Development Goals (SDGs). 
• The Government of Trinidad and Tobago sees the interventions as worthwhile contributors to national development priorities focused on building competitiveness and expanding and strengthening the private sector.

(Source: CARICOM Today)