Unlocking the Value of Business Support Organisations in T&T

June 5th, 2024    |   Related To: The Trinidad and Tobago Coalition of Services Industries (TTCSI)

Unlocking the value of Business Support Organisations in T&T

Vashti G. Guyadeen
Chief Executive Officer, 
Trinidad and Tobago Coalition of Service Industries (TTCSI). 

Trinidad and Tobago boast a diverse range of more than 100 registered and active business support organisations (BSOs), including chambers of commerce and specialised associations, each playing a pivotal role in the economic vibrancy of this country.

Among these, the Trinidad and Tobago Coalition of Service Industries (TTCSI), Trinidad and Tobago Manufacturers’ Association (TTMA), and the Trinidad and Tobago Chamber of Industry and Commerce (TTCIC) stand out as vital lifelines for local businesses aiming to navigate and succeed in an increasingly competitive market space.

The TTCSI is particularly noteworthy with its lead in driving data analytics on services and the “Doing Business with the World” series, which serves as a beacon for small and medium-sized enterprises (SMEs) in the services sector. This initiative goes beyond facilitating trade; it fosters a community by linking local firms with global counterparts, creating lasting international partnerships and opportunities. At the heart of this effort is the National Services Exporters Portal (NSEP), a technological platform that not only enhances the global visibility of local services but also embodies TTCSI’s commitment to nurturing the international ambitions of Trinidad and Tobago’s businesses. The series has gained international support which has played a crucial role in bridging diverse cultures and economies for mutual growth.

Meanwhile, the TTMA champions the local manufacturing sector by hosting the annual Trade and Investment Convention. This event is more than just an exhibition; it’s a vital launching pad for local manufacturers to connect with international buyers, transforming local ingenuity into global enterprise.

The TT Chamber complements these efforts by providing robust advocacy, training, and networking opportunities that are essential for business innovation and growth. Its programs aim to enhance workforce skills and promote ethical business practices, ensuring that local businesses are equipped to thrive and evolve. The Business Hall of Fame is an excellent initiative that acts as a motivator for aspiring industry leaders.

Local chambers like those in Chaguanas, Couva / Point Lisas, Tunapuna, San Fernando, and the Energy Chamber also play a crucial role by fostering a community of entrepreneurs committed to ethical entrepreneurship. These chambers focus on nurturing good business practices that build trust and foster long-term community relationships.

Joining a business support organisation offers invaluable benefits, notably in networking opportunities that can lead to new partnerships, insights, and business growth. This access to a broad network of peers and industry leaders is often crucial for navigating market challenges and seizing new opportunities.

Together, these organisations form a supportive network that not only prepares Trinidad and Tobago’s businesses to compete but also to excel on the regional and global stage. BSOs in T&T have contributed to the development of business tourism and has the potential with the right resources to position this country as the business and events tourism hub of the Caribbean. Through their combined efforts in advocacy, training, and strategic networking, they create a nurturing environment conducive to business growth and innovation, demonstrating how strategic support, community building, and ethical leadership converge to propel T&T towards global excellence and ensure a resilient and forward-thinking economy.

By Vashti G. Guyadeen
Chief Executive Officer, Trinidad and Tobago Coalition of Service Industries (TTCSI)