The Tobago Division of the TT Chamber of Industry and Commerce is gearing up for a revitalized economy in 2026, driven by a combination of strategic policies and collaborative efforts. As the primary advocate for sustainable business growth on the island, the division is actively promoting projects that stimulate economic activity and bolster investor confidence. Key initiatives include addressing public infrastructure needs, enhancing government service efficiency, and fostering closer collaboration with the central government. These efforts aim to position Tobago to seize emerging opportunities in a rapidly evolving economic landscape. Tourism remains the cornerstone of Tobago’s economy, contributing nearly 14% of the island’s GDP and employing around 16,000 people. The sector’s potential is further amplified by the completion of the airport expansion project, which triples passenger capacity and opens up new investment opportunities in high-end accommodations and logistics. Additionally, the development of a modern commercial port, including a cruise ship terminal and marina, is expected to boost international trade, tourism, and marine activities while creating long-term employment and attracting foreign exchange. The chamber emphasizes the importance of aligning these projects with Tobago’s sustainable tourism strategy and environmental goals. Beyond tourism, the division is exploring diversification in export markets, particularly through the Caricom Single Market and Economy (CSME), which offers new avenues for local businesses to expand their reach. Challenges such as foreign exchange shortages persist, but the chamber remains committed to finding solutions in collaboration with relevant stakeholders. Opportunities abound in agriculture, renewable energy, manufacturing, and the digital economy, positioning Tobago as a hub for innovation and investment. The chamber’s optimism for the island’s economic future is unwavering, as it continues to foster an environment that supports both local and international enterprises, ensuring inclusive growth for all stakeholders.
