InvesTT
 | |
| Agency overview | |
|---|---|
| Formed | October 2012 |
| Jurisdiction | Republic of Trinidad and Tobago |
| Headquarters | Level 19, Nicholas Tower, Independence Square, Port of Spain |
| Employees | ~20 (2016) |
| Agency executive |
|
| Parent agency | The Ministry of Trade and Industry of Trinidad and Tobago |
| Website | investt.co.tt |
Overview
InvesTT Trinidad and Tobago (also known as InvesTT) is an investment promotion agency of the Republic of Trinidad and Tobago[1] founded in October 2012. The agency was formed when 13 separate agencies were combined to form a single one stop shop for investment promotion in Trinidad and Tobago.[2] The agencies were combined to simplify foreign direct investment in the country.[3][4]
Sectors of Focus
InvesTT is to lead in the economic transformation of the country through the stimulation of GDP growth in mandated non-oil and gas sectors. The InvesTT mandated sectors as identified by the Government of Trinidad and Tobago in their Development Framework are -
- Agriculture and Agro-Processing
- Fishing and Fish Processing
- Aviation Services - Aircraft Maintenance and Repair
- Creative Industries - Film, Music, Entertainment, Fashion and Design
- Maritime - Shipbuilding, Ship Repair, Drydocking and Yachting
- Software Design and Applications
Membership
InvesTT is a member of the following organizations
Multinationals in Trinidad and Tobago
The local business landscape in Trinidad and Tobago has seen the presence of multinational corporations operating in key sectors of the economy. Due to the country's oil and gas reserves and overall strong economic profile, many multinationals have set up operations, notably energy companies however there are several international banks and manufacturing entities located in the country as well. Key MNCs in the country include -
- 3M
- American Airlines
- Arcelor Mittal
- Bristow Helicopters
- British American Tobacco
- BP
- BG Group
- BHP Billiton
- CIBC FirstCaribbean International Bank
- Citibank
- Coca Cola/Caribbean Bottlers Limited
- Columbus Communications
- Digicel
- DHL
- Ericsson
- EOG Resources
- FedEx
- Fujitsu
- GlaxoSmithKline
- Grace Kennedy and Company Limited
- GTECH Corporation
- Honeywell
- IBM
- JetBlue
- McCann Erickson
- Methanex
- Microsoft
- Nestlé
- Payless ShoeSource
- Potash Corporation of Saskatchewan
- Pepsi-Cola
- PriceSmart
- Scotiabank
- Repsol
- Royal Bank of Canada
- Toyota
- Unicomer Group
- Unilever
- Yara International ASA
Awards
- UNCTAD - Winner of UNCTAD’s Investment Promotion Award for Excellence in Promoting FDI for Sustainable Development 2014[7]
- Site Selection Magazine - Winner of Site Selection Magazine’s Best to Invest Top Agencies Award 2015 (Latin America and the Caribbean)[8]
Services
InvesTT is the first point of contact for an investor, the agency promises to provide all the necessary and valuable information for the decision process for a specific industry or sector. Its task is also to provide potential investors current data and information on business climate, investment environment and investment opportunities in Trinidad and Tobago.
InvesTT provides the following services via their Investor Sourcing and Facilitation team:
- Delivery of key sector information
- Real Estate surveys
- Market and investment opportunity identification
- Value Chain advisory
- Site visit facilitation
- Aftercare services (including issue resolution, opportunity identification and policy advocacy)
- Quality of life information[9][10]
Overseas Offices
InvesTT Trinidad and Tobago, in partnership with the country's Embassies, High Commissions, Consulates and residing Trade Officers promote Foreign Direct Investment into Trinidad and Tobago.
There are missions in the following locations:[11]
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See also
References
- ↑ "InvesTT eyes $b deals". trinidadexpress.com. Retrieved 20 July 2014.
- ↑ "Vasant's shopping list seven parks, one port". newsday.co.tt. Retrieved 8 August 2014.
- ↑ "Caribbean to Showcase its Competitiveness and Unique Investment Assets at the 2013 Caribbean Investment Forum in Trinidad & Tobago". wsj.com. Retrieved 20 July 2014.
- ↑ "InvesTT looking to China for Billion $$ investment". guardian.co.tt. Retrieved 8 August 2014.
- ↑ http://waipa.org/
- ↑ http://www.caipainvest.org/
- ↑ http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=846
- ↑ http://www.siteselection.com/issues/2015/may/awards.cfm
- ↑ "invesTT Trinidad & Tobago commissions feasibility study for solar projects". eteck.co.tt. Retrieved 20 July 2014.
- ↑ "me T&T sets new target for doing business". guardian.co.tt. Retrieved 8 August 2014.
- ↑ http://www.foreign.gov.tt/representatives/tt/diplomatic_missions/