Country Information Export Development Canada South and Central America and the Caribbean

Trinidad and Tobago

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Evaluating the market in Trinidad and Tobago

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EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Trinidad and Tobago

Trinidad and Tobago is one of the most favourable business environment in the Caribbean. The sharp drop in energy prices has impacted the Government's budget and revenues. The country’s high level of exports flowing from oil, natural gas and related downstream industries is creating some strain on the government’s fiscal flexibility. Future growth will be modest at best over the medium term due to energy prices, although some growth will come from the non-energy sector.  Foreign investment is a central element of economic policy and is supported by the business and labor sectors. The country also has a well-developed financial sector. In the short term, construction and infrastructure sectors are expected to drive most of the growth in Trinidad and Tobago.
  • Construction & Infrastructure
  • Oil and Gas
International Trade Solutions

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Interested in growing your business in this market?

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1-888-220-0047

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC