a sustainable and stable economy by broadening its enterprise base across a

A sustainable and stable economy by broadening its

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a sustainable and stable economy by broadening its enterprise base across a range of sectors at key stages of the value chain, areas where capabilities are matched to global opportunities. This also entails venturing into more knowledge-intensive and complex economic activities with the emphasis on export-oriented sectors where we can create or build a competitive advantage. The growth model for Trinidad and Tobago must create and support export oriented businesses that create high value products and services for export. To be globally competitive, our goods and services must conform to and surpass international standards. In addition, lower quality imports must be displaced through more local production. A key requirement, therefore, is to support and accelerate the transition from a fossil-fuel based economy to one that is of high value with a low carbon footprint. Going forward the urgent task is to unearth innovations which can be commercialised, activities that have potential but are in need of further research, funding or other kinds of support. Just as urgent is closer cooperation with the scientific sector on a commercial basis and inducements to the private sector to encourage them to make greater investments in research and innovation as well as greener activities. The overriding intent is to encourage start-ups and internationalise major Trinidad and Tobago companies. 105-106 V I S I O N 2 0 3 0 N AT I O N A L D E V E L O P M E N T S T R AT E GY 2 0 1 6 - 2 0 3 0 Development Strategies to 2020
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Goals to 2020 National Outcomes National Outputs Sustainable Development Goals Macroeconomic Stability will be Maintained A Stable Macroeconomic Environment A Sound Financial System Strengthened Macroeconomic Policy Framework Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all A Business Environment that is Conducive to Entrepreneurship and Innovation An Improved Business Environment that Fosters Entrepreneurship Entrepreneurship Development System Strengthened Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation Goal 12: Ensure sustainable consumption and production patterns An Improved Environment that promotes Innovation Strengthened Structures that support Innovation Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation Goal 12: Ensure sustainable consumption and production patterns A More Attractive Destination for Investment and Trade An Enhanced Environment for Investment and Trade An Improved Trade System Increased Investment Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Goal 12: Ensure sustainable consumption and production patterns Firms will Produce High Value-Added products and Services that can Compete in Export Markets High Value-Added Competitive Exports
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