TTMA unveils plans for convention centre, exports, SMEs

The Trinidad and Tobago Manufacturers’ Association (TTMA) recently hosted its annual President’s Dinner and Awards at the Hyatt Regency in Port of Spain, celebrating the resilience, innovation, and economic contributions of the nation’s manufacturing sector. The event, held on November 5, 2025, highlighted the industry’s pivotal role in national development, with TTMA President Dale Parson emphasizing its employment of over 60,000 people and its status as a key economic stabilizer. Parson also revealed that the TTMA, in partnership with the government, raised over $5 million in goods and cash within 24 hours to support Jamaica’s recovery efforts following Hurricane Melissa. The manufacturing sector accounts for approximately 18% of Trinidad and Tobago’s Gross Domestic Product (GDP), making it the second-largest employer after the state. Small and medium-sized enterprises (SMEs) were recognized as the backbone of the industry, comprising nearly 65% of manufacturers nationwide. Parson outlined initiatives to enhance SME export readiness, including participation in trade conventions, international missions, and collaboration with the Eximbank. Looking ahead, the TTMA has proposed redeveloping the Caroni Racing Complex into a world-class convention center, aiming to position Trinidad and Tobago as a regional manufacturing and trade hub. The event also featured calls for deeper bilateral collaboration between Trinidad and Tobago and Guyana, with Guyana Manufacturing and Services Association President Rafeek Khan urging the resolution of trade barriers to unlock regional opportunities. Trade Minister Satyakama Maharaj commended manufacturers for their role in economic diversification, announcing ambitious targets to expand exports by $5 billion and attract $9 billion in investments over the next five years. The evening concluded with awards recognizing industry leaders, including Angostura Ltd, which won Exporter of the Year (Large Category), and Novo Farms Ltd, honored as Manufacturer of the Year (Medium Category).