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Caricom no longer our market place’
CARICOM is no longer Trinidad and Tobago’s market place. “Our market is the world,” Trade and Industry Minister Mariano Browne declared at the commissioning of TYE Manufacturing Company’s new automated sheet metal fabricating system at the IDC industrial estate, Frederick Settlement, Caroni on Tuesday. Browne and Prime Minister Patrick Manning are attending the 30th regular meeting of the Caricom Heads of Government meeting which begins today in Guyana and ends on Sunday.
Reiterating Government’s commitment to transforming TT into the business, financial and trade hub of the Americas, Browne said the identification of the manufacturing sector as a source of sustainable, export-led growth was one of the reasons why this country decided to host the Fifth Summit of the Americas in April and the Commonwealth Heads of Government Meeting (CHOGM) in November.
“Caricom is no longer our marketplace, our market is the world and there are opportunities opening up for us following on the summit and this will continue for CHOGM,” the minister stated.
He explained the launch of TYE’s new system shows that “a few green shoots have begun to appear” and many local manufacturers are using the international financial crisis to “emerge even stronger in time.”
Browne added that this is reminiscent of the resilience shown by manufacturers during the onset of globalisation and liberalisation in the early 1990’s.
“As the saying goes, billionaires are made during a recession,” he said.
While TT and its global counterparts continue to weather the crisis, Browne maintained “this is not the time to be timid and retreat from the development and growth strategy which we have crafted for ourselves.”
Stating that Government has already negotiated market access with the United States and several Latin American countries, Browne said: “The next step is for our service providers and manufacturers to take greater advantage of these opportunities.”
He said Government will continue to “create the enabling environment for business and the regulatory framework to support trade and investment.”
CARICOM is no longer Trinidad and Tobago’s market place. “Our market is the world,” Trade and Industry Minister Mariano Browne declared at the commissioning of TYE Manufacturing Company’s new automated sheet metal fabricating system at the IDC industrial estate, Frederick Settlement, Caroni on Tuesday. Browne and Prime Minister Patrick Manning are attending the 30th regular meeting of the Caricom Heads of Government meeting which begins today in Guyana and ends on Sunday.
Reiterating Government’s commitment to transforming TT into the business, financial and trade hub of the Americas, Browne said the identification of the manufacturing sector as a source of sustainable, export-led growth was one of the reasons why this country decided to host the Fifth Summit of the Americas in April and the Commonwealth Heads of Government Meeting (CHOGM) in November.
“Caricom is no longer our marketplace, our market is the world and there are opportunities opening up for us following on the summit and this will continue for CHOGM,” the minister stated.
He explained the launch of TYE’s new system shows that “a few green shoots have begun to appear” and many local manufacturers are using the international financial crisis to “emerge even stronger in time.”
Browne added that this is reminiscent of the resilience shown by manufacturers during the onset of globalisation and liberalisation in the early 1990’s.
“As the saying goes, billionaires are made during a recession,” he said.
While TT and its global counterparts continue to weather the crisis, Browne maintained “this is not the time to be timid and retreat from the development and growth strategy which we have crafted for ourselves.”
Stating that Government has already negotiated market access with the United States and several Latin American countries, Browne said: “The next step is for our service providers and manufacturers to take greater advantage of these opportunities.”
He said Government will continue to “create the enabling environment for business and the regulatory framework to support trade and investment.”
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