标签： Trinidad and Tobago

In a significant development for Caribbean-Latin American economic relations, the Trinidad and Tobago Chamber of Industry and Commerce (TT Chamber) has established a formal trade partnership with Mexico’s Business Council for Foreign Trade, Investment and Technology (COMCE). The landmark memorandum of understanding was signed on October 30 during the 31st Mexican Foreign Trade Congress in Querétaro, facilitated by the Mexican Embassy in Trinidad and Tobago.

This institutional framework creates a structured collaboration mechanism between the private sectors of both nations, focusing on sustainable growth, innovation, and regional economic integration. The agreement establishes concrete cooperation protocols for joint project development, information exchange, business missions, and mutual support in trade and investment promotion.

The signing ceremony occurred within the context of a comprehensive TT trade mission to Mexico from October 25-31, led by TT Chamber president Sonji Pierre-Chase. During high-level working sessions, Pierre-Chase presented substantial collaboration opportunities to Mexican business leaders, emphasizing her organization’s role as Trinidad and Tobago’s primary economic representative and the largest business association within the Caribbean Community (Caricom).

A particularly strategic dimension emerged through the TT Chamber’s participation in the COMCE Mesoamerican Foreign Trade Council, which convened public and private sector representatives across Central America and the Caribbean. Mexican Ambassador Víctor Hugo Morales highlighted Trinidad and Tobago’s crucial position within Caribbean markets and Mexico’s opportunity to diversify exports while integrating more deeply into regional value chains. The diplomat specifically noted TT’s potential role in maritime transport initiatives due to its extensive infrastructure and connectivity throughout the Eastern Caribbean.

Pierre-Chase stated, ‘Our participation in COMCE provides significant leverage for TT businesses to explore opportunities beyond Caricom markets. Given how global politics directly impact trade, we consider it prudent to seek new market opportunities within the Pan Caribbean region. This engagement positions Trinidad and Tobago to potentially become the first English-speaking country invited to join Mesoamerica.’

The Congress featured thematic panels on global logistics trends, disruptive trade strategies, corporate responsibility, and artificial intelligence’s impact on business management. The TT delegation actively engaged in the Made in Mexico with Quality B2B program, demonstrating strong interest in developing strategic supply chains and joint manufacturing partnerships.

The mission included substantive meetings with Querétaro government officials to explore initiatives promoting trade, investment, and cultural-educational exchanges. Business representatives Sarah Gangadeen and Clint Groves of Firestone Bread Co Ltd conducted successful negotiations with San Luis Potosí officials and local producers, establishing food sector procurement agreements and arranging acquisition of additional industrial baking equipment with Mexican embassy support.

Flavio González, the embassy’s head of trade and cooperation, outlined Mexico’s trade promotion strategies in TT while highlighting opportunities to strengthen regional presence and engage Caribbean partners for internationalizing the ‘Plan Mexico’ initiative.

The trade mission successfully enhanced bilateral economic cooperation, established new business collaboration channels, and positioned both nations as dynamic, reliable partners in the region. The TT Chamber reaffirmed its commitment to advancing regional economic growth through continued engagement with business chambers, relevant organizations, and governments.

A profound transformation is reshaping career advancement pathways across the Caribbean region, where traditional markers of professional success are rapidly losing relevance. According to digital strategist Keron Rose, the established formula of academic credentials, job titles, and seniority no longer guarantees career progression or financial growth in the contemporary Caribbean business landscape.

Many professionals throughout the islands report increasing frustration despite following conventional paths to success. Despite obtaining qualifications and demonstrating workplace commitment, numerous individuals find themselves constrained by stagnant compensation structures and limited advancement opportunities within often sluggish institutional frameworks. This widespread sentiment has prompted many to consider whether regional departure represents the only viable route to meaningful career development.

Rose identifies 2026 as a pivotal juncture where intangible capabilities will outweigh formal credentials in determining professional achievement. The emerging success paradigm emphasizes personal leverage within imperfect systems rather than reliance on traditional institutional pathways. This shift demands fundamentally new approaches to professional development and value proposition articulation.

Five transformative skills have emerged as critical differentiators for Caribbean professionals seeking advancement:

1. Value Communication Mastery: Moving beyond job descriptions to articulate concrete problem-solving capabilities, risk mitigation, and revenue impact represents the foundation of modern professional positioning. Professionals must learn to express outcomes rather than responsibilities.

2. Adaptive Learning Agility: With technological acceleration shortening skill relevance cycles, the capacity for rapid knowledge acquisition surpasses static expertise. Professionals must embrace continuous learning through global digital platforms rather than relying solely on formal education systems.

3. Strategic Personal Branding: Visibility has become professional currency in the digital age. Building a discernible professional identity through platforms like LinkedIn enables Caribbean talent to transcend geographical limitations and connect with global opportunities.

4. Systemic Efficiency Cultivation: Success increasingly belongs to those who maintain high performance standards despite working within inefficient systems. Professionals must resist normalizing mediocrity and instead champion excellence regardless of institutional constraints.

5. Strategic Positioning: Conscious career navigation that anticipates market shifts and aligns skill development with emerging opportunities separates advancing professionals from stagnant counterparts.

Rose emphasizes that these competencies collectively create leverage—the critical factor separating thriving professionals from those experiencing stagnation. The Caribbean region possesses abundant talent but requires new frameworks for channeling that potential effectively within evolving global economic structures.

The digital strategist concludes that while institutional transformation may progress slowly, individual professionals can immediately begin repositioning themselves for success through deliberate skill development and strategic visibility enhancement.

In a significant development for Trinidad and Tobago’s energy sector, the Environmental Management Authority (EMA) has formally issued a Certificate of Environmental Clearance (CEC) to Houston-based EOG Resources for offshore gas exploration activities. The authorization permits the company to proceed with drilling operations at two designated gas wells, TG1 and TG2, situated within the NCMA 4(a) Unlimited Block off the nation’s North Coast.

The approval marks the first CEC issued by the EMA under its newly appointed board of directors. Chairman Doolar Ramlal emphasized that the decision was rendered well within the statutory timeframe, highlighting the agency’s dedication to efficient, transparent, and timely regulatory processes. The application, initially submitted on March 5, underwent a comprehensive technical review. This rigorous assessment included advanced hydrocarbon spill modeling, drill cuttings dispersion analysis based on comparable offshore projects, and evaluation of a detailed emergency response plan for potential accidents and natural disasters.

EOG Resources, which has maintained operations in Trinidad and Tobago since the 1990s, reaffirmed its long-term commitment to the country’s upstream energy sector. This sentiment was echoed during a November meeting between EOG Chairman Ezra Yacob and Energy Minister Dr. Roodal Moonilal. Both parties expressed mutual interest in strengthening collaboration to boost oil and gas production, advance the nation’s hydrocarbon development agenda, and support broader energy objectives. The UNC government acknowledged EOG’s consistent contributions to local production and emphasized its commitment to maintaining strong partnerships with industry stakeholders.

The EMA’s approval demonstrates a balanced approach to facilitating energy development while upholding stringent environmental safeguards, aligning with the Prime Minister’s vision for sustainable national development.

Trinidad and Tobago’s recent alcohol duty increases have unexpectedly created a competitive advantage for the nation’s artisanal wine producers, transforming economic challenges into opportunities for growth. The substantial tax hikes implemented in October 2025—which doubled excise duties on spirits from $79.25 to $158.50 per litre of pure alcohol—have dramatically elevated prices of commercial liquors, effectively leveling the pricing field for small-batch local producers.

This fiscal shift has catalyzed a notable consumer migration toward locally crafted wines, as reported by several family-run enterprises. Jabari Mayers of Wine and Whimsy observed that previously hesitant customers are now embracing local products: “The price increases for shelf drinks are forcing even those not originally inclined to support local in that direction.” His wife Shantelle noted that their specialized production methods using wine yeast rather than conventional yeast previously positioned their products at premium prices, but the tax adjustments have narrowed this gap significantly.

The movement extends beyond mere price considerations. Jenissa Williams of Williams Wines identifies a cultural transformation: “People have developed a genuine appreciation for local wine across all age demographics. Younger consumers are increasingly participating in wine culture through tastings and sip-and-paint events.” Her business, sustained for over eleven years, utilizes indigenous fruits including sorrel, guava, passion fruit, and lay lay cherries, offering both full-size and sample-size bottles to accommodate consumer preferences.

Retail expansion is simultaneously accelerating. Sisters Lynissa and Lyndi Jordan of Aurora Bitayson Ltd reported unprecedented interest from chain-store retailers at the 2025 Trade and Investment Convention, necessitating production scale-ups to meet distributor demands. They attribute this growth to both market trends and institutional support through government-sponsored wine-making courses, with one virtual program attracting over 300 participants.

These enterprises represent more than commercial ventures—they embody cultural preservation. Williams traces her winemaking expertise to childhood observations of her great-grandmother’s techniques, while Aurora Bitayson honors their grandmother through eponymous branding while diversifying into fruit syrups, concentrates, and skincare products.

The industry’s vitality reflects broader global patterns. PriceWaterhouseCoopers’ 2025 Global Family Business Survey revealed that 25% of family enterprises achieved double-digit sales growth despite economic contractions, underscoring the resilience of purpose-driven, family-rooted businesses that leverage long-term investment strategies and community reputation.

Massy Group has announced exceptional financial performance for fiscal year 2025, achieving a record-breaking profit after tax of $766.3 million. The Trinidad-based conglomerate demonstrated robust growth with third-party revenue reaching $15.8 billion and net cash value climbing to $1.67 billion, signaling strong financial health across its diversified portfolio.

The 14% year-over-year profit increase from $674 million in 2024 reflects enhanced operational efficiency and strategic portfolio management. According to the December 18 financial disclosure, the company’s success stemmed from significant advancements across multiple sectors including retail, gas production, automotive machinery, and financial services.

Integrated retail emerged as the dominant revenue generator, contributing over $9 billion—a 4% increase from previous periods. The motors and machines division achieved $3.73 billion in revenue despite an 18% decline in pre-tax profits to $186 million. Notably, gas products demonstrated remarkable profitability with an 8% profit surge to $385 million, even as revenue decreased by 6% to $2.03 billion.

Shareholders benefited substantially from the company’s performance, with total dividends per share rising 5% to $17.70. Earnings per share jumped 9% to $36.49, representing a 9.8% earnings yield. The company’s share price appreciated by 5%, delivering investors a total return of 12.18%.

These financial milestones coincide with significant leadership changes as James McLetchie assumed the role of Group President and CEO on October 1, succeeding David Affonso after his three-decade tenure. The organization also welcomed Ivette Zuniga as Chief Financial Officer and Ryan Latchu as CEO of the motors and machines portfolio.

Chairman Robert Riley characterized 2025 as “a year of progress and renewal,” emphasizing the company’s investments in technology, innovation, and talent development. Despite these achievements, the Consumer Affairs Division’s December 18 supermarket price evaluation identified Massy as having some of the highest prices nationally, particularly in meat, fruits, and dry goods categories across over 40 assessed supermarkets.