The yachting sector should be seen as one of the industries to help with the foreign exchange crunch the country has been facing for the past decade.
That’s the view of vice president of the Marine Services Association, Jesse James, who said it is such a low-hanging fruit to be picked as it would help make Trinidad an attractive destination for the yachties to come and simply spend their money. Attracting more yachties would also create employment opportunities for the skilled and unskilled workers in Trinidad.
James said as Trinidad is below the hurricane belt, Hurricane Beryl resulted in close to 200 yachts from Grenada and Carriacou fleeing to Chaguaramas for shelter, which he led to an uptick for the industry.
He noted that all government agencies came together to supply food and other items, but said the problem this country continues to have is the long time in takes for the Immigration and Customs and Excise Divisions to clear the yachties.
“Chaguaramas, with its secluded and safe harbour, has proven attractive to yachties over the decades and even today, as was seen during Beryl.”
However, James lamented that for 25 plus years the sector has been clamouring for a single harmonised form that can be accessed online by visitors, which will allow them to check in ahead of arrival, saving them hours of filling out paperwork when they arrive. It also can be used to inform the relevant authorities beforehand of the visiting yacht or leisure craft.
He said other countries are using SailClear, which allows the captain to send the required information to border agencies before arrival or departure.
“We need for all the different agencies to work together, in order to facilitate making the ease of doing business with these cruisers easy.”
In narrowing the kind of US expenditure the yachties inject, James said with about 800 yachts coming a year, many cruisers are spending between US$200,000 and $400,000 for major overhauls on repairs and new equipment.
“I mean, this is big dollars you’re talking about, and it is right there for us to take. And, you know, everybody, every single yachter that comes here, once they use their credit card, it goes into the system. So that it’s foreign exchange coming in,” he explained.
The cruisers he outlined also go on tours and purchase different local jewelry and items.
James stressed that the country is in a desperate situation for foreign exchange and the streamlining of the forms is a simple fix for Chaguaramas.
Further, he said all the other islands are doing it and they are now reaping the benefits from it and more yachts are going to those islands, as a result of easier entry.
James went on to state that the Minister of Trade and Industry Paula Gopee-Scoon, who is the line minister for the industry, has been doing her part in helping to push the sector, especially during COVID-19.
Commenting on the issues raised by James, Gopee-Scoon agreed that the entry form continues to be a problem.
“The SailClear system has not been implemented and even though the substitute for that, which is the single harmonised form, we got it passed through parliament. However, when it was time to be implemented one or two of the agencies who were to help execute this, gave trouble, but they are finally back on board and they made all the amendments necessary, but at this stage, we still need more to move to the digitisation stage.
“The Minister of Digital Transformation, Minister of Public Utilities, and the Attorney General are working on faster entry into this country,” the minister detailed.
Also, Gopee-Scoon said that while the sector would help generate foreign exchange, she outlined that the level of foreign exchange needed would not come mainly from the yachting sector.
“It is still a very small sector. Focusing on yachting would not make a big enough dent in it. The dent has to come from your export services, energy and non-energy. We also need to ramp up Foreign Direct Investments (FDI). Also, there needs to be the full development of the maritime sector to attract big vessels like ships to do repairs and they also pay in US dollars,” the minister added.
Finance Minister Colm Imbert during his budget presentation last month, spoke about the construction of a marina in Tobago.
He said a request would be made to develop a yachting marina in the Lowlands, just southwest of the Petit Trou Lagoon, on lands currently being acquired by the government from the Plantation Estate.
In an interview with the Business Guardian, former Antigua and Barbuda Tourism Minister John Maginley, said that tourism is the main driver of the twin-island country’s economy and when mega yachts came in, there were issues entering, due to the long process by Immigration and Customs. Some yachties said they did not want to visit again, as a result of the lengthy process.
Maginely said the yachting agents reached out to the then government and after a period of research and consultation, the SailClear system was implemented, which made the entry process much easier. This was done in 2012.
“You have to make things work as the yachting sector brings in the foreign exchange. They eat in restaurants, rent cars, and go on tours. Since the Sailclear system has been implemented Antigua has seen an uptick of thousands of yachties,” Maginley highlighted.
In a statement given to the Business Guardian, the Antigua and Barbuda Tourism Authority said, “Antigua’s Gross Domestic Product in 2023 was US$1.8 billion, some 80 per cent of that comes from tourism. One-third of tourism’s contribution comes from the yachting sector. In 2023, some 18,568 yachting visitors arrived.”