BUSINESS DEVELOPMENT DIRECTORATE
The role of the Business Development Directorate is to develop and grow business in Trinidad and Tobago. This objective is achieved by conducting market intelligence activities for various industries and sectors so as to improve existing business performance while at the same time creating an enabling environment for business to develop and expand.
The Business Development Directorate comprises two Units which are as follows:
THE BUSINESS SUPPORT AND FACILITATION UNIT
This 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
The state agencies of the MTI responsible for advancing these areas are: Trinidad and Tobago Creative Industries Company Limited (CreativeTT) and its three subsidiaries, The Trinidad and Tobago Film Company Limited (FilmTT), The Trinidad and Tobago Music Company Limited (MusicTT) and The Trinidad and Tobago Fashion Company Limited (FashionTT). The mandate of these agencies are to stimulate and facilitate the business development and export activities of the Creative Industries in Trinidad and Tobago.
Steelpan Manufacturing Grant Fund Facility
This unit has responsibility for administering the Steelpan manufacturing Grant Fund Facility. Click here for more information.
Maritime – Commercial Maritime; Leisure Marine (yachting)
The Official Policy Framework of the Government highlights maritime services as a sector that has the potential to contribute to the sustainable growth and diversification of the economy through revenue, employment and foreign exchange generation. The sectors identified for further development include Ship Repair and Dry Docking, Transshipment, Cold Stacking, Port Operations and leisure marine or yachting.
THE ALLIANCES UNIT
This unit is responsible for managing stakeholder relationships and strengthening links with State Agencies which fall under the purview of the Ministry of Trade and Industry. 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 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.