When setting up a new manufacturing operation or preparing for an expansion project, location is key. Trinidad and Tobago, located 10 kilometers off the coast of Venezuela, is the southernmost island in the Caribbean Archipelago and lies at the crossroads to South, Central, and North America. This small twin-island republic offers many location advantages to global manufacturers in need of the right business location.
With a dominant oil and gas industry, Trinidad and Tobago offers the second cheapest electricity rate in the western hemisphere starting at US$0.03 per KWH which is supported by a robust national grid. This enables the development of opportunities in a number of manufacturing sub-sectors, primarily Food, Beverage and Tobacco Product Manufacturing; Pulp Manufacturing; Printing and related support activities; Inorganic Chemicals; Organic Chemicals; Resins; and Agricultural Chemicals.
Regional and international market access is available to over 965 million people via the country’s established trading agreements with territories that include CARICOM, European Community, Costa Rica, Dominican Republic, USA, Colombia, and Venezuela. Electricity-intensive manufacturers operating in the country have the added benefit of ready access to large markets in close proximity through the existing robust infrastructure of supporting logistics.
As the country’s third-largest contributor to its overall GDP after energy and services, the manufacturing industry employs approximately 8.2% of the labour force at over 270 registered manufacturers. This includes industries across seven distinct sub-industries. The largest sub-industry – Food, Beverages and Tobacco includes the production of alcoholic beverages, carbonated beverages, juices, cereals, chocolate, confectionery, canned foods, baked goods, and