BUSINESS DEVELOPMENT DIRECTORATE

The role of the Business Development Directorate is to develop and grow business in Trinidad and Tobago. This objective can be further broken down into eight (8) processes which are captured in the Business Development Value Chain. The Business Development Directorate comprises three Units which are as follows:

THE BUSINESS SUPPORT AND FACILITATION UNIT

is responsible for addressing issues related to the business environment in order to make it more facilitating and transparent. It has oversight for the sectors identified by Government for development in its quest to diversify the economy of Trinidad and Tobago. This Unit has responsibility for the development of the following clusters:

  • Creative Industries – Film, Fashion and Music
  • Maritime – Commercial Maritime; Leisure Marine (yachting)

THE ALLIANCES UNIT

is responsible for managing stakeholder relationships and strengthening links withState Agencies which fall under the purview of the Ministry of Trade, Industry, Investment and Communications. This Unit supports the achievement of the Ministry’s mandate through:

  • Contributing to the effective building and promoting of public-private sector linkages to facilitate the diversification thrust.
  • Building and maintaining strategic alliances with Trade Related Institutions.
  • Reviewing and monitoring systems established for the coordination and integration of business  <br />activities between the Ministry and its State Enterprises.
  • Identifying areas for improvements in the business relationship with stakeholders.
  • Addressing governance and compliance related issues of its State Enterprises.

THE TRADE LICENCE UNIT

is responsible for issuing licences to the public on items remaining on theimport negative list and export negative list. The Unit also has responsibility for implementing import duty concessions through Minister’s licences’ as well as overseeing suspension of the Common External Tariff and the Safeguard mechanism under the CARICOM arrangement.