Who’s Who in Trinidad and Tobago Business
Fast Facts About Trinidad and Tobago
REPUBLIC OF TRINIDAD AND TOBAGO
|Capital:||Port of Spain|
|Main Towns:|| City of San Fernando,
Arima, Point Fortin,
|Nationality:||Trinidad — Trinidadian
Tobago — Tobagonian
|Population:||1,353,895 (2016 figures)|
|Electricity:||110 volts/220 volts (+/-6%); 60 Hz|
|Telephone:||1 (868) + seven-digit local|
LOCATION AND TOPOGRAPHY
Longitude 61.5° W
|Area:||4,828 sq km (1,864 sq miles)|
|Area:||300 sq km (116 sq miles)|
|Time Zone:||EST (Eastern Standard Time)
UTC-4 (Universal Time
|Daytime Average:||29°C (84°F)|
|Nighttime Average:||24°C (75°F)|
|Seasons:|| Dry (Jan-May)
|General elections take place every five years|
|Tobago:||Tobago House of Assembly
Local Government Body
|Head of State:||Non-executive President|
CURRENCY AND TAXES
|Trinidad and Tobago Dollar|
|Exchange Rate:||TTD 6.76: USD 1 (June 2017)
|Value Added Tax:||15% on somegoods and services|
|Hotel Tax:||10% Service Charge
10% Hotel Room Tax
|Trinidad:||Piarco International Airport,
17 miles (27 km) from
Port of Spain (code ‘POS’)
|Tobago:||A.N.R. Robinson International
Airport, 7 miles (10 km) from
Scarborough (code ‘TAB’)
|Major Airlines:||American Airlines (868) 821-6000
British Airways (800) 247-9297
Caribbean Airlines (868) 625-7200
United Airlines (800) 864-8331
LIAT (800) 744-5222
Copa Airlines (868) 669-5189
Rutaca 1 (868) 625-4324
Port of Port of Spain
Port of Point Lisas
Scarborough Deep Water Harbour
at the gateway to the Caribbean, the Republic of Trinidad and Tobago is renowned for its industrialised, energy export-driven economy, vibrant culture and multiethnic society. T&T is a leading regional economy with an international presence in the oil and gasbased energy industry, and a profitable and productive services sector. T&T is also pursuing a policy of economic diversification and is investing in several other sectors. Trade, investment and innovation are also policy priorities of this two-island nation as it continues its path to development.
GEOGRAPHY AND LOCATIONTrinidad
Once attached to the South American mainland, Trinidad is situated at 12 km (7 miles) northeast of the coast of Venezuela and is separated from it by the Gulf of Paria. Trinidad has three mountain ranges — the Northern Range, the Central Range and the Southern Range. The highest point, El Cerro del Aripo, is 940 metres (3,084 ft) above sea level. About 40% of all land is undeveloped forest and woodlands, although the island is experiencing rapid development. Trinidad’s Pitch Lake is the largest natural reservoir of asphalt in the world.
|Total Area:||4,828 sq km (1,864 sq miles) 81.25 km long by 57-73 km wide (50 miles by 35-45 miles)|
|Location:||Latitude 10.5° N Longitude 61.5° W|
Tobago lies 34 km (21 miles) northeast of Trinidad. Of volcanic origin, the island is a single mountain mass, although the south-west is flat or undulating and coralline. The highest peak, the Main Ridge, reaches an elevation of about 576 metres (1,890 ft). The coastline is broken up by inlets and sheltered beaches, and there are several uninhabited islets.
|Total Area:||300 sq km (116 sq miles)|
|Location:||Latitude 11.5° N Longitude 60.5° W|
Greenwich Mean Time: Minus four hours (GMT -4)
In US Winter: Eastern Standard Time plus one hour (EST +1)
In US Summer: Eastern Standard Time (EST)
There is no Daylight Saving Time (DST).
Trinidad and Tobago has a tropical climate and two distinct seasons: dry, from January to May and wet, from June to December. There is a short dry period around mid-September called Petit Carême. Trinidad and Tobago are just outside the usual path of hurricanes and other tropical storms, but Tobago can experience inclement weather as a result of such weather systems.
Daytime Average: 31.9°C (Trinidad June 2017);
30.9°C (Tobago June 2017)
Nighttime Average: 24.3°C (June 2017);
25.2°C (Tobago June 2017)
Seasons: Dry (Jan-May);
Trinidad and Tobago’s government is a parliamentary democracy. The head of state is the President, who is elected by an Electoral College of members of the Senate and House of Representatives for a five-year term. Executive power, however, is vested in the Prime Minister and Government, following elections every five years. The local government body in Tobago is the Tobago House of Assembly and its seat is in the capital city, Scarborough.
General elections take place every five years
Parliament: Westminster system
Tobago: Tobago House of Assembly
Local Government Body
Head of State: Non-Executive Presidentwww.ttconnect.gov.tt/gortt/portal/
Declining economic activity in the second half of 2016 dominated the energy sector. Weaknesses were manifested in contractions in crude oil, natural gas, LNG and petrochemical production which outweighed increases in petroleum refining. Latest figures show natural gas production fell by 15.4% in the second half of 2016. The decline was a result of a drop in production from bpTT, however, production from bpTT’s Juniper platform should boost natural gas supplies and the energy sector on the whole in the latter part of 2017.
Growth in the non-energy sectors such as distribution, construction and manufacturing contracted in Q3, 2016. Manufacturing activity declined by 4.3% and this is attributable to lower chemicals and assembly-type output. There was a reduction in electricity generation at the end of 2016 as electricity and water output declined by 3.7%. The closure of ArcelorMittal, the largest single industrial consumer of electricity, is linked to this development. The finance, insurance and real estate subsectors rose by 0.8% on account of an increase in commercial banking but there was a decline in activity in trust companies, real estate and mutual funds. The agriculture sector increased by 0.4 %.
The financial system consists of
Commercial Banks, Trust and Mortgage
Finance Companies, Finance Houses
and Merchant Banks
Number of Commercial Banks: 8
Number of Branches: 122
Number of Automatic Banking Machines: 458
Bank Hours of Operation
City Centres: Monday to Thursday – 8 a.m. to 2 p.m.
Friday – 8 a.m. to 1 p.m. & 3 p.m. to 5 p.m.
RBC and Scotiabank (not mall branches) 8 a.m. to 5 p.m.
8 RBC Branches open on Saturday 9 a.m. to 3 p.m.
Shopping Centres (Daily): 10 a.m. to 5 p.m
MEETING PLACES AND CONFERENCE CENTRES
Trinidad and Tobago is one of the top five Caribbean meeting and conference destinations. Many hotels have facilities for conferences, including international brands such as the Hyatt Regency Trinidad and the Hilton Trinidad and Conference Centre. In addition, the state-of-the-art National Academy for the Performing Arts (NAPA), South Academy for the Performing Arts, award-winning spots like Coco Reef and the Magdalena Grand Beach Resort in Tobago are ideal for corporate meetings and team-building retreats. Trinidad and Tobago hosted 29,449 business travellers during the first half of 2017.
The legal system is based on common law
and statutes. The judicial system comprises
magistrates’ courts and the Supreme Court,
which is made up of the High Court and the
Court of Appeal. There is a separate Industrial
Court that deals with most labour matters. The
Judicial and Legal Service Commission appoints
judges of the Supreme Court. The Attorney
General is responsible for the administration
of the legal and judicial system. Final appeal
from Trinidad and Tobago courts is to the
Privy Council in England, but consideration
is being given to replacing the Privy Council
with the Caribbean Court of Justice, which
was inaugurated in April 2005, with its
headquarters located in Port of Spain.
PEOPLE AND SOCIETYEthnic Groups (2011 census)
East Indian 35.4%
Dougla (mixed African and Indian) 7.7%
Life Expectancy Male: 71.41 (2011 census)
Life Expectancy Female: 77.81 (2011 census)
Population Growth Rate: 0.3 (2016)
Birth Rate: 12.8 / 1000 (2016)
Total Median Age: 32.6 (2011 census)
The educational system is based on the British
system and produces one of the highest
standards of education in the Caribbean.
Primary and secondary level education at
most institutions is free, but private school
options are available for a fee.
Post-secondary and tertiary education providers include The University of the West Indies (UWI), the College of Science, Technology & Applied Arts of Trinidad & Tobago (COSTAATT), distance learning tertiary-level institutions, vocational/ technical training schools and colleges, the technology-based University of Trinidad and Tobago (UTT), and the National Institute of Higher Education, Research, Science and Technology (NIHERST).
Trinidad and Tobago’s health system consists of
government-funded and private hospitals, wellqualified
specialists, private medical practitioners
and clinics scattered throughout the islands.
Specialists trained in gynaecology, paediatrics,
radiology, physiotherapy, cardiology, gastrology,
urology and orthopaedics work both in private
practice and healthcare facilities.
Medical services are free at the governmentfunded institutions and clinics, but a fee is charged at all others. Twenty-four-hour emergency services are available at several government and private medical facilities. There is also a 24-hour Emergency Air Ambulance Service.
Trinidad and Tobago has a reliable supply of
electricity with rates still among the lowest in the
Caribbean. The domestic and commercial supply
voltage is 110/220 volts, 60 cycles. The Trinidad
and Tobago Electricity Commission (T&TEC) is
the agency responsible for T&T’s electrical supply.
The Water and Sewerage Authority of Trinidad
and Tobago (WASA), a state enterprise, is the
sole provider of water and wastewater services
in Trinidad and Tobago.
The Telecommunications and Broadcasting
sectors generated an estimated TT$5.6
billion (US$836.0 million) in 2016, which as
a percentage of GDP equates to 3.8%. This
represented a 0.3% decrease in total revenues
generated by this industry compared to last year.
Total Telecom revenues increased by 2% while
total broadcasting revenues decreased by 11%.
TSTT has, for many years, been the major
provider of landline and mobile telephone
services. Digicel offers mobile and cable television
to both islands and has also introduced fixed
line and domestic wireless services. Flow offers
cable television, internet and landline telephone
services. With broad coverage throughout the
islands, mobile phones are an easy and available
option. Wireless Internet services are readily
available at hotels and cybercafés.
International Access Code: 1
Country Code: 868
1. Fixed Internet Subscriptions 255,600
2. Mobile Internet Subscriptions 707,300
Regular mail, express mail and courier delivery
are reliable and available from local provider
TTPost at excellent rates. International courier
services are efficient and readily available.
Daily Newspapers: Trinidad Express,
Trinidad Guardian and Newsday
Monday – Friday: Newsday Tobago
Bi-weekly Newspapers: TNT Mirror
Weekly Newspapers: Tobago News, Catholic News, Bomb, Punch, Trinidad and Tobago Sunshine, Tobago Today
Television Stations: CNC (Channel 3), CCN TV6 (Channels 5 and 18), Gayelle Television (Channel 7), IBN (Channel 8), CTV (Channel
6), NCC (Channel 4), IETV (Channel 1 and 16), Parliament (Channel 11), Tobago Channel 5 (Tobago only), Synergy (Channel 15)
FM Radio Stations: TBC Network (95.1, Vibe CT 105, Sangeet 106.1, Aakash Vani 106.5, Slam 100.5, Sky 99.5) CL Network (90.5, 104.1, 97.1, 103.5) Caribbean New Media Group (Talk City 91.1, Next 99.1, Sweet 100.1)
T&T Radio Network (Star 94.7, 96.1, 107.7) Gem Radio 5 Limited (Red 96.7, i95.5, the Word 107.1, Hott 93.5, Taj 92.3)
Power 102, Boom Champions 94.1, Isaac 98.1, Street 91.9, Radio Jaagriti 102.7, Wack 90.1, Pulse 91.5 (Tobago), Radio Toco 106.7, 103.1,
Radio Tambrin 92.7 (Tobago), 104.7, and Heritage 101.7.
IMMIGRATION, WORK PERMITS & VISAS
Visitors to Trinidad and Tobago must possess
valid passports and return or ongoing tickets
for successful entry. Most Commonwealth
countries do not require visas for entry, except
Australia, New Zealand, Nigeria, Papua New
Guinea, Sri Lanka, Tanzania, Cameroon, Fiji
Islands, Mozambique, Uganda and South
Africa. For business travel and vacations
lasting 90 days or less (within a 180-day
period) European Union citizens do not
need visas for entry. The same applies for
nationals from non-European Union Schengen
countries (Iceland, Liechtenstein, Norway and
Switzerland). Holders of CARICOM passports,
with the exception of Haiti, do not require
visas. Visitors from several other countries
are allowed to enter Trinidad and Tobago for
periods of up to three months without a visa.
Work permits are required for business stays beyond 30 days. Visa extensions can be obtained from the Immigration Office at 67 Frederick Street, Port of Spain, while work permits can be obtained from the Ministry of National Security, Temple Court II, 52-60 Abercromby Street, Port of Spain.
Piarco International Airport is located about
45 minutes from the capital city, Port of
Spain. It plays an important role as a vital hub
for international air traffic in the Caribbean.
There are non-stop daily scheduled flights to
and from major international cities.
Trinidad and Tobago’s national airline, Caribbean Airlines, serves Toronto, New York, Miami, Jamaica, Saint Maarten, Antigua, Barbados, Trinidad and Tobago, Guyana and Suriname. International and regional airlines that fly to Trinidad and Tobago include American Airlines, British Airways, Caribbean Airlines, United Airlines, West Jet, JetBlue, LIAT and several charter flight companies. International flights are also available direct from Tobago’s ANR Robinson International Airport.
Trinidad and Tobago has an extensive
transportation network of paved roads.
Highways link the north and south of the island
(Uriah Butler Highway, Solomon Hochoy
Highway), and the east and west (Churchill-
Roosevelt Highway). Traffic is extremely
heavy at peak hours when a high number of
vehicles head into and out of the capital city
and environs. Driving is on the left-hand side.
The main seaports are located in Port of Spain
and Point Lisas. The Port of Port of Spain
handles dry and general cargo, break bulk,
containers and passenger traffic. The Point
Lisas Industrial Port Development Corporation
Ltd. (PLIPDECO), mainly a bulk port for
industrial commerce, also handles container
and general cargo traffic. There are ferries
travelling the inter-island route daily.
Port of Spain Ferry:(868) 625-4906/3055
Tobago Ferry: (868) 639-2417/4906
The CARICOM Jetty, which is located at the Port of Port of Spain and operates the passenger inter-island ferry, receives, stores and delivers CARICOM cargo and multipurpose containers for trade within the Caribbean region.
A water taxi ferry connects Port of Spain and San Fernando. Scheduled sailing times are Monday to Friday. Tickets cost TT$15 one-way and can be purchased at the Water Taxi Terminal located at Flat Rock, Lady Hailes Avenue, San Fernando or the Cruise Ship Complex, Port of Spain. Free parking is available at both ports. There is a Public Transport Service Corporation (PTSC) shuttle service, which costs TT$3 through the city of Port of Spain.
For further information visit:
or call 624-3281 (POS) or
800-4WTS (San Fernando)
MAJOR AIRLINESPiarco Airport
American Airlines..... (868) 821-6000
British Airways........... 1-(800) 247-9297
Caribbean Airlines.... (868) 625-7200
Copa Airlines.............. (868) 669-5189
Conviasa Airlines...... (868) 627-8172/6078
LIAT............................... 1-(800) 744-5222
Surinam Airways....... (868) 627-0102
United Airways.......... 1-(800) 864-8331
West Jet Airlines....... 1-(403) 444-2586
JetBlue.......................... 1-(800) 538-2583
Rutaca.......................... 1-(868) 625-4324
ANR Robinson Airport
Virgin Atlantic................. 1 (800) 744-7477
Condor and Thomas
Cook Group Airlines.......1 (868) 639-5201
British Airways................1 (800) 247-9297
The following airlines/flights are sometimes scheduled to operate during peak periods.
Air Canada Rouge...........1 (868) 623-2721
Conviasa Airlines............1 (868) 627-8172/6078
The festivals, music, customs, cuisine, religions
and races of Trinidad and Tobago reflect a rich
and unique cultural diversity.
The nation has a passionate and colourful
history spanning five centuries. Festivals and
religious and cultural observances include
Divali (the Hindu Festival of Light),
Eid-ul-Fitr (Muslim religious day),
Emancipation Day, Indian Arrival Day and
Corpus Christi (Catholic). Trinidad and Tobago
Carnival is a world-famous event that brings
together artists, musicians, masqueraders and
revellers for a month-long celebration that
culminates in a two-day parade.
Trinidad and Tobago, although relatively
distinct ecologically, are both blessed with
rich natural environments well suited for ecotourism.
Once part of the South American
mainland, Trinidad’s flora and fauna have
comingled, leading to a great density of plant
and animal types in a relatively small location.
Trinidad and Tobago has more than 97 mammal species, 400 bird species, 90 reptile species, 30 amphibian species, 600 butterfly species and over 2,100 species of flowering plants. The island’s nature reserves attract major international traffic from naturalists and nature watchers. The terrain is just as diverse, with tropical rainforests, mangrove swamps, mountainous terrain and savannahs.
Bird watching is a major attraction in Tobago as well, with Little Tobago island recognised as one of the Caribbean’s top seabird sanctuaries. Tobago is also a hub of aquatic tourism. The waters off the island are a haven for wildlife, an attraction for both divers and boat tourists. Buccoo Reef (a large coral reef and protected marine park) is a popular destination. Tobago’s Main Ridge Forest is known to be the oldest protected rainforest.
- 9 Humphrey Street | The Film Centre | St James
- Phone: (868) 622-0738/9
- Fax: (868) 622-0426
- Email: [email protected]
The Who’s Who in Trinidad and Tobago Business is a unique business directory which specifically targets businesses that seek to invest, and build partnerships in Trinidad & Tobago.