competitiveness is a multi lingual population as well as a strong culture of

Competitiveness is a multi lingual population as well

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competitiveness, is a multi-lingual population as well as a strong culture of collaboration between academia, science and business that will generate new and innovative products and services that are globally competitive. This must be complemented by more effective collaboration with the Diaspora and overseas research institutes. Government will therefore revise its immigration procedures towards attracting and retaining the best skills and talent from across the globe. To facilitate this, attractive employment and socio-cultural packages will be created and the convenient entry and settlement of skilled workers and their families will be facilitated.
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Strategic Initiatives/Actions 4.1 The quality of national goods and services will conform to international standards Ensuring high quality and raising productivity standards constitute two of the most important prerequisites for increasing the competitiveness of our businesses. The success of the diversification strategy hinges on the ability of Trinidad and Tobago to meet international quality, safety and environmental standards in keeping with the global trend towards more sophisticated, safe and high quality eco-friendly products. This will be supported by the creation of green markets through measures such as Government procurement and actions to institute green certification. 4.2 Develop existing economic sectors Our existing economic sectors are the foundation of our economy and must be supported in order to develop and grow. Trinidad and Tobago will need to create and sustain competitive advantage in specific areas of business activity, areas where capabilities are matched to national and global opportunities. Government will implement sector specific strategies to advance the agenda for growth as it seeks to modernise agriculture, upgrade manufacturing and energise services as part of a wider economic transformation programme. 4.3 Support new and emerging sectors It is important to enlarge the enterprise base, both through the continued growth and expansion of exporters. New and emerging economic sectors provide numerous opportunities for expansion and achieving global competitiveness. In this regard, Government has identified and prioritised the establishment of new business clusters in seven (7) key national economic areas: Financial services; Maritime services; Aviation services; Fishing and fish processing; Agriculture and agro processing; Software design and applications; and the Creative Industries, and will implement mechanisms to support these sectors as part of a wider economic transformation programme. Goal 4: Firms will produce high value products and services that can compete in export markets A thriving private sector is the dynamic core of every successful economy, especially when firms produce high value products and services that can compete in export markets. As such, Trinidad and Tobago will take steps to improve the competitiveness of the local private sector and will build
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