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Wednesday, February 19, 2025

T&T launches trade mission to Dominica

by

29 days ago
20250121
Minister of Trade and Industry, Paula Gopee-Scoon, centre, in white, is leading a four-day trade mission to Dominica, comprising 19 companies.

Minister of Trade and Industry, Paula Gopee-Scoon, centre, in white, is leading a four-day trade mission to Dominica, comprising 19 companies.

Amid the grow­ing con­cern about for­eign ex­change con­straints in the coun­try, the Trinidad and To­ba­go Man­u­fac­tur­ers' As­so­ci­a­tion (TTMA) is hop­ing the on­go­ing trade mis­sion to Do­mini­ca will help the sit­u­a­tion.

TTMA Chief Ex­ec­u­tive Of­fi­cer Mahin­dra Ramdeen said he hopes the four-day mis­sion would be ben­e­fi­cial in par­tic­u­lar for emerg­ing busi­ness­es as the as­so­ci­a­tion views Do­mini­ca as a dis­tinc­tive op­por­tu­ni­ty for both T&T and the Do­mini­can econ­o­my.

"The prime ob­jec­tive is to grow the ex­ports in­to Do­mini­ca and so earn for­eign ex­change for them­selves and be able to build a mu­tu­al re­la­tion­ship with cur­rent trad­ing part­ners," said Ramdeen, "As I said, these SMEs, Pre­mier La­bel, Avaire (Avi­aire Body Prod­ucts), Half Moon (Half­moon Ve­g­an Ice Cream), which is a win­ner of our Man­u­fac­tur­er of the Year small cat­e­go­ry, they are all par­tic­i­pat­ing in the trade mis­sion and we look for­ward to sig­nif­i­cant ben­e­fits and op­por­tu­ni­ties to be cre­at­ed, not just for th­e­lo­cal man­u­fac­tur­ers, but for the par­tic­i­pants from the Do­mini­can side, where, as I said, there are many syn­er­gis­tic ad­van­tages that could be had from forg­ing these re­la­tion­ships."

T&T's del­e­ga­tion to Do­mini­ca, which is spear­head­ed by Trade Min­is­ter Paula Gopee-Scoon, con­sists of 29 par­tic­i­pants, in­clud­ing 19 com­pa­nies across the food and bev­er­age, con­struc­tion, print­ing and pack­ing, chem­i­cal and house­hold, con­struc­tion and ser­vices sec­tors

Among the par­tic­i­pat­ing com­pa­nies are Ad­vanced Com­mer­cial Equip­ment Lim­it­ed, An­gos­tu­ra Hold­ings Ltd, Avi­aire Body Prod­ucts, Blue Wa­ters, BriCha, Car­go Con­sol­ida­tors Agency, DSB Mar­ket­ing, Elec­tri­cal In­dus­tries Group, Half Moon Ve­g­an Ice Cream, Kennedy Agro Pro­cess­ing, New Wave Mar­ket­ing Lim­it­ed, No­vo Farms, Pepe’s Mar­ket­ing and Pre­mier La­bel Com­pa­ny.

On Mon­day, Ramdeen said the group was shown a pre­sen­ta­tion by Do­mini­ca's Min­is­ter of Trade, For­eign Af­fairs and En­er­gy Vince Hen­der­son, fol­low­ing which Min­is­ter Gopee-Scoon spoke of the mu­tu­al ben­e­fits of the mis­sion.

Dur­ing the four-day mis­sion, Min­is­ter Gopee-Scoon will meet with the Min­istry of For­eign Af­fairs, In­ter­na­tion­al Busi­ness, Trade and En­er­gy, the Min­istry of Agri­cul­ture, Fish­eries, Blue and Green Econ­o­my, the Do­mini­ca As­so­ci­a­tion of In­dus­try and Com­merce, and the Do­mini­ca Man­u­fac­tur­ers As­so­ci­a­tion.

Do­mini­ca is Trinidad and To­ba­go’s eighth largest ex­port mar­ket and 10th largest source of im­ports in CARI­COM. Over­all, it is the 35th largest ex­port mar­ket and 88th im­port mar­ket amongst all of the coun­try’s trad­ing part­ners.

The ini­tia­tive is part of Trinidad and To­ba­go’s Ex­port Boost­er Ini­tia­tive or EBI, a strate­gic ef­fort de­signed to in­crease the val­ue of the coun­try’s non-en­er­gy ex­ports over the next three years.


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