Trinidad & Tobago We are next

1. Trinidad & TobagoWe are next Dionne Ligoure

2. Fast facts Trinidad & Tobago Dionne Ligoure

3. Key Economic Indicators Dionne Ligoure

4. Economic Indicators • Moody’s = Baa1 (2009) • Standard & Poor’s = A- (2009) • These investment grade ratings express the issuers positive view about the ability of Trinidad and Tobago to respond to a downturn in the commodity cycle without a significant increase in credit risk relative to its rating peers Dionne Ligoure

5. Trinidad is heavily industrialized • Tobago depends on tourism and agriculture. • Trinidad and Tobago is classified as an upper middle income country in the World Development Report of the World Bank. Fast Facts Trinidad and Tobago Dionne Ligoure

6. This year, the Trinidad and Tobago economy will register its seventeenth consecutive year of economic growth • The economy has grown at an average rate of 10 percent over the past five years. • In 2007, for the first time since 1997, the rate of growth of the non energy sector surpassed the energy sector. • The trend continued in 2008. The non-energy sector maintained steady growth with real value added increasing by 6.7% compared to 5.5% for the energy sector. Fast Facts Trinidad and Tobago Dionne Ligoure

7. The Heritage Foundation Index of Economic Freedom Index for 2009 ranks Trinidad & Tobago fourth in the Americas and #41 worldwide out of 179 countries. • Trinidad and Tobago is ranked 7th out of 29 countries in the South and Central America/Caribbean region, and its overall score is higher than the world average Fast Facts Trinidad and Tobago Dionne Ligoure

8. The executive Branch of the Government is made up of the Cabinet Ministers who serve as the political heads of the Ministries. • The administrative heads are the Permanent Secretaries. • Through the Tobago House of Assembly, the island of Tobago enjoys a certain degree of autonomy, which recognizes its separate history, culture, and identity, and its much longer experience of representative institutions than the island of Trinidad. Political Situation Dionne Ligoure

9. Build the Competitiveness of the Economy • Diversify the Economy via the expansion of the Non-energy sector • Position T&T as the Financial, Manufacturing and Transportation Centre of the Region • Enabling Legislation and Trade Agreements • Integration into the Latin American Economy Trinidad and Tobago’s Economic Development Agenda Dionne Ligoure

10. Gateway to Latin America and beyond at the heart of trade routes Dionne Ligoure

11. The Government of Trinidad & Tobago (GOTT) encourages foreign direct investment in almost all sectors. • Foreign ownership of companies is permitted and welcomed under the Foreign Investment Act (1990). • Generally, there are no restrictions or disincentives to investment. Investing in Trinidad and Tobago Dionne Ligoure

12. CARICOM Single Market & Economy (CSME) • 15 member countries including Trinidad and Tobago • Free movement of goods, services, people and capital throughout CARICOM without tariffs and restrictions • World Trade Organisation Competitive Advantages - Trade Agreements Dionne Ligoure

13. There are bilateral agreements between CARICOM and: • European Union/ACP Countries • Colombia • Cuba • Costa Rica • Dominican Republic • Canada – Caribcan • USA-CBI/Caribbean Basin Trade Partnership • Venezuela Bilateral Agreements Dionne Ligoure

14. Foreign Investment Act • 100% foreign owned private company • 30% cumulative shareholding in a public company • Fiscal Incentives Act – Approved Enterprise • Customs Act – Customs Duty Exemption • Tourism Development Act – Tax Holidays • Free Zones Act – Withholding tax exemptions Investor friendly environment Dionne Ligoure

15. 19 industrial parks are located throughout Trinidad and Tobago Free Zones & Industrial Parks Dionne Ligoure

16. Existing Parks New Parks Ports Advanced Infrastructure - Free Zones & Industrial Parks Dionne Ligoure

17. TamanaIntech Park Dionne Ligoure

18. Science & technology park – 1100 acres, 30% devoted to green space. • The largest business and technology park in the region. • World class technology infrastructure, environmentally responsible focus TamanaInTech Park Dionne Ligoure

19. Poised to be a hub for regional & global ICT businesses • Renewable energy: solar, wind, biofuels • Tenancy: to house global technology players for e.g. • Software developers • Biometrics researchers • Business intelligence incubators Opportunities at Tamana Dionne Ligoure

20. Trinidad and Tobago offers an investor friendly environment with opportunities for direct investment into any economic sector. Among the key sectors are: • Downstream Energy • Information & Communications Technology • Financial Services • Hotel and Conference Facility Development • Food and Beverage • Music and Entertainment • Film • Yachting • Merchant Marine • Fish & Fish Processing Investment Opportunities Dionne Ligoure

21. Building on our expertise in energy production, Trinidad and Tobago has identified a number of petrochemical arenas in which downstream industry will be feasible and successful. • Trinidad and Tobago has 116 active plants offering opportunities in upstream, midstream and downstream chemical processing • 3 major energy based industrial sites • From aluminium to steel to polypropylene to melamine, several projects are underway to leverage Downstream opportunities Downstream Energy Dionne Ligoure

22. T&T is already making headway in this area and has identified several more intermediate products for further Downstream processing. • These include: • C-2 (ethane) • C-3 (propane) • Aluminium • Polypropylene • Steel • Melamine • In turn these areas will promote additional Downstream industries related to plastics, fabrication, motor vehicle parts and pipe manufacturing Downstream Energy Dionne Ligoure

23. New petrochemical plants are being constructed at the new Union Industrial Estate and at the Point Lisas Industrial Estate in Trinidad • These plants will use natural gas to produce melamine, polyethylene and polypropylene Construction of new plants Dionne Ligoure

24. Trinidad and Tobago is looking for a few companies to help create the next Downstream Energy hotspot in the Caribbean • Opportunities for foreign investment or joint venture arrangements between local and foreign parties are wide ranging. Areas include: • UAN/Urea • Melamine • Aluminium • Iron & Steel • Polypropylene Scope for investment Dionne Ligoure

25. Aircraft parts • Wire rods • Vehicle body parts • Hardware fittings • Billets • Roofing materials • Ingots • Levers • Castings • Containers • Door and windows Downstream manufacturing opportunities from aluminium Dionne Ligoure

26. Urea/UAN: • Liquid fertilisers • Solid fertilisers • Melamine • Decorative laminates • Tableware • Surface coastings • Wood adhesives • Resins Downstream manufacturing/processing opportunities from melamine, Urea and UAN Dionne Ligoure

27. Heat resistant grids • Galvanized material • Tools • Stainless steel material • Wrought iron • Skid and vessel platforms • Sheets • Pressure vessels, storage tanks • Cable Downstream manufacturing opportunities from iron and steel Dionne Ligoure

28. Carpeting • Brushes • Film sheeting • Appliance parts • Containers • Toys • Pipes • Bags • Rope Downstream manufacturing opportunities from polypropylene & polyethylene Dionne Ligoure

29. Antifreeze • Agriculture • Drying compound • Cement • Ceramics • Drilling mud additive • Wastewater treatment • Water treatment Downstream manufacturing applications of calcium chloride Dionne Ligoure

30. Maleic Acid • Butyrolactoe • Lubricant additives • Polysuccinimides • Aspartic Acid • Agrichemicals/Specialties • EVA Copolymers • Styrene Copolymers Downstream manufacturing opportunities & finished products deriving from maleic anhydride Dionne Ligoure

31. Many opportunities exist for investment in: • Knowledge Based Businesses • Business Process Outsourcing • Medical Transcriptions Information & Communications Technology Dionne Ligoure

32. Software Based Businesses • Software Development (Healthcare and Oil/Gas) • Software Related Services (Maintenance and Integration) • Product Development • Medical / Optical Device Manufacture • Electronic Assembly • Business Process Outsourcing (BPO)/Healthcare Opportunities - ICT Dionne Ligoure

33. Other business specific areas provide excellent opportunities for investment in the ICT sector. These include • E-commerce • Financial services • Creative industries (multimedia, animation, music production, graphics, gaming) • Security • Traffic monitoring • E-health • Data capture • Call centres • Enterprise portals • Document and knowledge management • E-procurement Opportunities - ICT Dionne Ligoure

34. The food and beverage industry is currently the largest in the non-energy manufacturing sector in Trinidad and Tobago • Exports in the FBS are over €86 million per annum • Real GDP growth in the FBS between 2002 and 2006 averaged 8.1% The Food and Beverage Sector (FBS) Dionne Ligoure

35. The FBS offers significant investment opportunities, particularly for manufacturers who utilize unique Caribbean agro-products to develop goods such as: • Specialty Rums • Rum flavored chocolate cakes • Caribbean fruitcakes • Sauces and spices • Soft drinks and exotic fruit juices • Bottled water Scope for investment - FBS Dionne Ligoure

36. Trinidad and Tobago’s FBS offers a unique opportunity to brand and create specialty foods for the overseas gourmet markets, apart from the traditional focus on the diasporic markets. • There are also spin-off opportunities in valued added activities such as: market research, advertising, branding, printing and packaging, and the certification of business processes and food quality standards. Scope for investment - FBS Dionne Ligoure

37. Cocoa – Trinidad and Tobago’s cocoa is one of the best in the world. Government is revitalising the industry and there are opportunities for partnership/joint venture • As at July 2009, the average daily price of Cocoa was USD2800 per tonne Scope for investment - FBS Dionne Ligoure

38. Growth of this sector began as an offshoot of the energy sector. • It has been further driven by the rapid expansion in trade and transhipment activity at the 3 major, non-energy cargo ports in T&T • The industry has also developed competitive ancillary sectors in bunkering, marine construction and ship repair. • Given the bullish outlook for the energy industry over the next 10 to 15 years, & T&T’s favorable geographical position, there will be a high demand for good quality, reasonably priced merchant marine service Merchant Marine Dionne Ligoure

39. A new Shipping Act is being put in place. • It will update the existing Shipping Act of 1987 and establish the Maritime Administration. • A Maritime Authority is also being developed to build up key clusters in this sector Merchant Marine Dionne Ligoure

40. Ship Building • Ship Maintenance/Repair • UTT Marine Institute • Marina facilities • Marine construction • Ship registration • Small & large vessel ownership • Trans-shipment trade • Financial & development services Opportunities in Merchant Marine Dionne Ligoure

41. Growth in Trinidad and Tobago’s yachting industry accelerated during the early 90’s with the increase in small leisure craft (yacht) visits • The yachting product in Trinidad differs greatly from the yachting product in Tobago • Trinidad’s current industry is based primarily on two products – repairs and hurricane storage The Yachting Industry Dionne Ligoure

42. Over the years Trinidad has emerged as the largest yacht repair centre in the Caribbean • Most competitive fuel and water costs in the Southern Caribbean, combined with a low cost of living and an highly attractive currency conversion rate The Yachting Industry Dionne Ligoure

43. The yachting industry in Trinidad is comprised of three main types of service providers: • Facilities such as boatyards and marinas • Repair contractors • Auxiliary services such as tours and transport providers, marine equipment and supplies, restaurants, hospitality services The Yachting Industry – Trinidad Dionne Ligoure

44. The yachting product is primarily leisure and tourism based • Tobago provides investment opportunities for sophisticated, environmentally-friendly, sustainable developments which attract the high-end pleasure craft markets The Yachting Industry -Tobago Dionne Ligoure

45. There are various incentives, provided for individuals and businesses, which are designed to facilitate the development of the yachting industry including: • Tax Exemptions (Value added tax and corporate) • Custom Duty exemptions Incentives and relevant legislation Dionne Ligoure

46. The major investment opportunities are: • Marina development, particularly in Chaguaramas & Tobago • Ship building and maintenance Investment opportunities Dionne Ligoure

47. Global market demand for cultural commodities continues to rise steadily, particularly within the entertainment and media industry. • A specialist agency Trinidad and Tobago Entertainment Company has been created to facilitate the development of the music industry The Entertainment Industry Dionne Ligoure

48. Trinidad and Tobago's local music/entertainment sector earned about €34 million in 2006 • Carnival accounted for €14 million • Carnival has an important export element because out of the carnival masquerade bands, musicians and sundry support services work overseas at various Carnivals worldwide The Entertainment Industry Dionne Ligoure

49. Soca music is now a category at the American Music Industry Grammy Awards • This provides opportunities to invest in the development of new talent, particularly through joint ventures with international record labels Investment Opportunities Dionne Ligoure

50. Opportunities exist for developing: • World-class performance spaces • Recording studios, • Training and work facilities • Hosting musical festivals and entertainment events • The Tobago Jazz festival is now one of the largest music events in the region. • It has attracted international acts like: Sting, Elton John, Diana Ross, Whitney Houston, Shakira, Rod Stewart, Stevie Wonder, Earth, Wind and Fire Investment Opportunities Dionne Ligoure