Opportunities for American firms exist in information and communications technology (ICT), medical equipment, agricultural exports, motor vehicles, health and wellness products, machinery, financial technology, and security equipment.
The TT government (GoTT) identified construction as a key element to assist in post-coronavirus economic recovery and it still seeks interested bidders for a shuttered oil refinery in Pointe-a-Pierre and for the Port of Spain port. Additional opportunities in transportation and logistics have yet to materialize as government tenders.
TT is the second largest consumer market in the English-speaking Caribbean and remains an attractive market because of its consumers’ purchasing power. With over 95 percent of households having access to broadband coverage, 55 percent of these via mobile connections, the opportunities for eCommerce are significant. The proportion of citizens over 65 years of age in TT has doubled in the last forty years, representing growth in products and services targeted for this demographic.