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Wednesday, June 11, 2025

New Trade Minister eyes linkages with Africa

by

Dareece Polo
34 days ago
20250508
Minister of Trade, Investment and Tourism Satyakama Maharaj receives his letter of appointment from President Christine Kangaloo at President’s House yesterday.

Minister of Trade, Investment and Tourism Satyakama Maharaj receives his letter of appointment from President Christine Kangaloo at President’s House yesterday.

ABRAHAM DIAZ

DA­REECE PO­LO

Se­nior Re­porter

da­reece.po­lo@guardian.co.tt

Al­though he was on­ly ap­proached by Prime Min­is­ter Kam­la Per­sad-Bisses­sar to lead a min­istry days ago, Min­is­ter of Trade, In­vest­ment, and Tourism Satyaka­ma “Ka­ma” Ma­haraj has am­bi­tious plans to re­shape Trinidad and To­ba­go’s busi­ness land­scape at a time when the coun­try con­tin­ues to face chal­lenges with its ease of do­ing busi­ness.

Ma­haraj may not be a ca­reer politi­cian, but he is no stranger to po­lit­i­cal af­fil­i­a­tions, hav­ing pre­vi­ous­ly been aligned with the Na­tion­al Al­liance for Re­con­struc­tion (NAR), Con­gress of the Peo­ple (COP) and now, the Unit­ed Na­tion­al Con­gress (UNC).

The Sacha Cos­met­ics founder brings over 45 years of busi­ness ex­pe­ri­ence, hav­ing nur­tured a home­grown brand in­to 50 mar­kets and topped Ama­zon charts.

Ma­haraj was one of the last two mem­bers to be sworn in­to the new­ly in­stalled Gov­ern­ment dur­ing a cer­e­mo­ny at Pres­i­dent’s House, St Ann’s, yes­ter­day.

Min­is­ter in the Min­istry of Hous­ing Phillip Ed­ward Alexan­der was the oth­er min­is­ter who was sworn in. (See oth­er sto­ry)

Speak­ing af­ter­wards, Ma­haraj said he is fo­cused on di­ver­si­fy­ing the econ­o­my, boost­ing ex­ports and strength­en­ing the man­u­fac­tur­ing sec­tor. He al­so plans to dri­ve for­eign in­vest­ment and give the tourism sec­tor a much-need­ed boost.

Re­flect­ing on a trade mis­sion to Ghana, Ma­haraj said there are op­por­tu­ni­ties for greater col­lab­o­ra­tion with Africa.

“Our prob­lem is we are a small coun­try. I didn’t start Sacha in a fash­ion hub—New York or Paris or LA or Mi­lan—in a lit­tle coun­try. And when you grow, you soon run out of mar­kets. You soon run out of peo­ple to sell to. We (T&T) have to ex­pand. We’re not in a big coun­try, right? So open­ing mar­kets, and I think one of the biggest mar­kets we have to ex­plore is Africa,” he said.

“They want to do busi­ness with us and we should be fo­cused. West Africa is 470 mil­lion peo­ple. Re­pub­lic Bank has 42 branch­es in Ghana and a base over there. But it takes two days to get to Ghana. But a big air­bus can go in eight hours, straight across.

“If you can­not vis­it, you can­not do busi­ness. So we have to open that mar­ket and ne­go­ti­ate. They have a sim­i­lar agree­ment, same body like over there. I don’t know their name, but we should be forg­ing a du­ty-free agree­ment with them. And we’ll have to open fac­to­ries all over the place to man­u­fac­ture for that mar­ket.”

First on his agen­da is a meet­ing with his min­istry team to chart the way for­ward. With lim­it­ed time and a clear ac­tion-ori­ent­ed ap­proach, he said he is pre­pared to hit the ground run­ning.

Ma­haraj al­so has clear ideas about how this coun­try’s for­eign ex­change cri­sis can be ad­dressed.

Not­ing that he has an acute aware­ness of the busi­ness sec­tor and prob­lems which ex­ist, Ma­haraj said his pri­ma­ry fo­cus will al­so be mak­ing the sec­tor more ac­ces­si­ble.

“We have to fo­cus on mak­ing it the eas­i­est place in the world to do busi­ness. You must set an ob­jec­tive,” he said, not­ing he has been wait­ing on an op­por­tu­ni­ty to ef­fect change for a while.

More­over, Ma­haraj be­lieves merg­ing tourism, trade, and in­vest­ment aligns with the broad­er goal of di­ver­si­fy­ing the econ­o­my.

He al­so ex­pressed hope that no jobs will be lost due to the amal­ga­ma­tion of min­istries, though he has yet to meet with of­fi­cials to dis­cuss the fu­ture of em­ploy­ees.

The pre­vi­ous Peo­ple’s Na­tion­al Move­ment ad­min­is­tra­tion main­tained sep­a­rate min­istries for Trade and In­dus­try, and for Tourism, Cul­ture, and the Arts.

Mean­while, draw­ing on his glob­al ex­pe­ri­ence, Ma­haraj not­ed the vast po­ten­tial to po­si­tion tourism as a key pil­lar of eco­nom­ic di­ver­si­fi­ca­tion. He em­pha­sised To­ba­go’s vi­tal role in this vi­sion and high­light­ed ma­jor op­por­tu­ni­ties in ar­eas such as med­ical tourism, sports tourism, and be­yond.

Com­ment­ing on the 10 per cent tar­iff im­posed by Unit­ed States Pres­i­dent Don­ald Trump, Ma­haraj en­cour­aged busi­ness­es to think cre­ative­ly and ex­plore le­gal workarounds to help mit­i­gate its im­pact.

“There’s al­ways op­por­tu­ni­ty in any macro­eco­nom­ic sit­u­a­tion like this. Right? There are op­por­tu­ni­ties that could be ex­ploit­ed. We are look­ing at it ... One thing we nev­er do, we could get knocked down but fail­ure is not get­ting knocked down.”

Re­gard­ing trade with­in Cari­com and T&T’s lead­er­ship role, he ex­pressed his in­ten­tion to strength­en and build on that foun­da­tion. How­ev­er, he ac­knowl­edged ex­ist­ing chal­lenges that hin­der ex­pan­sion in­to oth­er re­gion­al mar­kets.

When asked why he ac­cept­ed the in­vi­ta­tion to serve as a sen­a­tor and min­is­ter, Ma­haraj said he has en­trust­ed the lead­er­ship of Sacha Cos­met­ics to his son and has long felt a call­ing to give back. He pre­vi­ous­ly launched a men­tor­ship group on Face­book, Young En­tre­pre­neurs TT, and sees this new role as a chance to make an even greater im­pact on the na­tion.

He said he has been friends with the Prime Min­is­ter, with the two oc­ca­sion­al­ly shar­ing ideas that were not po­lit­i­cal. How­ev­er, he ac­knowl­edged that “it end­ed up that way.”

Ma­haraj said he in­tends to meet with both the busi­ness cham­bers and tourism stake­hold­ers in the not-too-dis­tant fu­ture.


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