Research on policies and institutions to support small and medium scale enterprise in the Caribbean: Trinidad and Tobago report

The Government of Trinidad and Tobago continues to provide support to SMEs in order to enhance their international competitiveness. The increasing effects of globalization and the reality of several trade agreements require that local businesses attain and maintain a level of competitiveness which ensures their continued survival and growth. This report examines in detail the policy environment within which these enterprises operate. It also examines the role of the key implementing agencies such as the BDC and NEDCO for government’s policy on the sector and also the role of the respective line ministries. These organizations strive to deliver value added technical, financial and export promotion services to its clients on a subsidised basis. The services offered reflect five key business areas such as financing, training, technical assistance, trade assistance, business re-engineering, project management and export promotion. In the case of the BDC its services target six sectors: food and beverage, metal processing, leisure marine, including yachting, information and communication technology/electronics, printing and packaging and entertainment. These said sectors are identified by the government, on the basis of a study which was done by TIDCO, for the promotion of a cluster development strategy. In the case of NEDCO it targets the following sectors: art and craft, food and beverages, fashion and fashion accessories, culture and ecotourism, bed and breakfast operations, indigenous entertainment and light manufacturing.

Bibliographic Details

Other Authors:	NU. CEPAL. Sede Subregional para el Caribe
Format:	Texto biblioteca
Language:	English
Published:	ECLAC, Subregional Headquarters for the Caribbean 2009-12-28
Subjects:	DESARROLLO DE EMPRESAS, POLITICA ECONOMICA, POLITICA SOCIAL, PEQUEÑAS Y MEDIANAS EMPRESAS, PEQUEÑA INDUSTRIA, FINANCIAMIENTO DE EMPRESAS, SERVICIOS A LAS EMPRESAS, EMPRESAS COMERCIALES, ELABORACION DE POLITICAS, ENTERPRISE DEVELOPMENT, ECONOMIC POLICY, SOCIAL POLICY, SMALL AND MEDIUM ENTERPRISES, SMALL-SCALE INDUSTRY, BUSINESS FINANCING, BUSINESS SERVICES, BUSINESS ENTERPRISES, POLICY MAKING,
Online Access:	https://hdl.handle.net/11362/38666
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