The Gov­ern­ment has of­fi­cial­ly launched the Na­tion­al E-Com­merce Strat­e­gy 2025-2030. This strat­e­gy was de­vel­oped in col­lab­o­ra­tion with the Unit­ed Na­tions Trade and De­vel­op­ment (UNC­TAD) in 12 months.

It aims to build up­on the foun­da­tion of the Na­tion­al E-Com­merce Strat­e­gy 2017-2021 and to shape the fu­ture of busi­ness by fos­ter­ing a more ro­bust dig­i­tal econ­o­my.

The Min­istry of Trade and In­dus­try says the strat­e­gy iden­ti­fies gaps and op­por­tu­ni­ties in key pol­i­cy ar­eas and out­lines ini­tia­tives to en­hance e-com­merce adop­tion as it seeks to cre­ate and main­tain an en­abling en­vi­ron­ment that fa­cil­i­tates and pro­motes e-com­merce adop­tion in Trinidad and To­ba­go for both do­mes­tic and in­ter­na­tion­al mar­kets.

Min­is­ter of Trade and In­dus­try, Paula Gopee-Scoon, re­vealed that over the past decade, her min­istry dis­trib­uted 415 grants val­ued at ap­prox­i­mate­ly $27.2 mil­lion to small and medi­um-sized en­ter­pris­es (SMEs) to fa­cil­i­tate busi­ness growth and in­no­va­tion. She stat­ed, “We ex­pect that the Strat­e­gy will fu­el a wave of en­tre­pre­neur­ship and busi­ness in­no­va­tion across Trinidad and To­ba­go and open doors for small and medi­um-sized en­ter­pris­es to cre­ate new rev­enue streams and scale their busi­ness­es in both the lo­cal and glob­al mar­ket.”

She fur­ther said the Na­tion­al Dig­i­tal Trans­for­ma­tion Strat­e­gy 2024-2027, launched last month, will com­ple­ment the Na­tion­al E-Com­merce Strat­e­gy.