PORT OF SPAIN – A transformative development in Trinidad and Tobago’s business landscape emerged on December 10 with the formal inauguration of the Private Sector Organisation of Trinidad and Tobago (PSOTT) at Hyatt Regency Trinidad. This groundbreaking initiative consolidates numerous chambers, industry associations, and business service organizations under a unified representative body.
Under the leadership of Chairman Richard Lewis, former TTMA president and executive director of Label House Ltd, PSOTT’s primary mandate centers on representing private sector interests in national policy discussions. The organization will serve as a strategic bridge between business stakeholders and government policymakers, advocating for structural reforms to enhance economic competitiveness and diversification.
During the launch ceremony, Lewis articulated the organization’s vision through a powerful analogy: “Imagine 25 different voices, each speaking passionately but often in different directions. Now envision those voices harmonized – clear, strong, and united. This represents our fundamental direction moving forward.”
The newly established entity will maintain respect for existing business organizations’ autonomy while coordinating strategic policy positions. Immediate operational priorities include finalizing governance bylaws, establishing committee structures, forming an interim board, and developing a comprehensive three-year strategic plan with a detailed 12-month action agenda.
Lewis emphasized the organization’s substantive purpose beyond structural formation: “This is not just about structure. It is about strength. It is about credibility. It is about impact.” The strategic plan will leverage subject matter experts from member organizations to support both PSOTT and relevant government ministries in implementing diversification initiatives.
The launch event witnessed participation from key figures including Minister of Trade, Investment and Tourism Kama Maharaj, alongside PSOTT deputy chairman Amjad Ali. Lewis concluded with a rallying call for collective commitment to “one team, one vision, one purpose – building Trinidad and Tobago.”