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trinidad-and-tobago

Grenada and Trinidad agree on a number of areas of cooperation

PORT OF SPAIN, Trinidad, CMC – Grenada’s Prime Minister Dr. Keith Mitchell is returning home Friday after holding talks with his Trinidad and Tobago counterpart, Kamla Persad Bissessar on further improving trading and other relations between the two Caribbean Community (CARICOM) countries. A joint statement issued late Thursday night following their discussions noted that Trinidad and Tobago is Grenada's largest trading partner accounting for approximately 36 per cent of merchandise trade and 49 per cent of banking services. Insurance services are also significant between the two countries.

The competitive imperative

PORT OF SPAIN, Trinidad - There is an obvious irony in the hemispheric choice of Trinidad and Tobago as the venue for the eighth Americas Competitiveness Forum in October 2014. The most recent World Economic Forum’s Global Competitiveness Report moved T&T from 86 out of 133 countries in 2010, to 81 out of 142 countries in 2012. On the Global Innovation Index, Trinidad and Tobago now ranks 81 out of 125 countries in 2012, a steep drop from the 2010 baseline ranking of 55.

Incoming WTO director to restore credibility

GENEVA (Trinidad Guardian) —The incoming head of the World Trade Organisation says his first priority will be to try to rescue its credibility as a forum for trade negotiations. Brazilian Ambassador Roberto Azevedo told a packed room of reporters at Brazils WTO mission Wednesday that “the negotiating pillar of the WTO is clearly stuck.” At the WTO, diplomats and officials congratulated Azevedo on his selection as WTO director general for the next four years. Azevedo also said it was important to close “the gap” between the WTOs rules and how things really are between trading nations.

UNC will expel Jack

PORT OF SPAIN, Trinidad - Former Member of Parliament for Chaguanas West Jack Warner would face expulsion from the United Na­tional Congress (UNC) if he contests the by-election as an independent candidate. Prime Minister Kamla Persad-Bissessar yesterday said the party’s constitution does have certain sanctions and provisions that prevent a member from contesting a seat as an independent candidate. “The constitution of the party provides for what will happen if a person should go up on any other ticket except that of the party.

Destruction of T&T’s banana market

PORT OF SPAIN, Trinidad - Gone are the days when every fruit vendor in T&T had a variety of bananas. Over the last few years, “sikyè”, “silk”, “gros michel”, and “lacatan” bananas are seldom seen in our market and local grocery. Why does T&T import thousands of tonnes of bananas annually when such a desired fruit can be grown locally? In order to comprehend the fundamental modus operandi of the diminished local banana market, we must journey a few decades back when the local banana market was sufficient and sustainable for the country.

Is Governor Rambarran being too optimistic?

PORT OF SPAIN, Trinidad - Once again Central Bank Governor Jwala Rambarran is predicting a level of growth in the economy which seems unrealistic. On the release of the April 2013 monetary report on Tuesday, the Governor projected a 2.5 per cent growth in gross domestic product for 2013.

CAL Five Absent

PORT OF SPAIN, Trinidad - The board of Caribbean Airlines Ltd (CAL) did not meet yesterday as scheduled because vice-chairman Mohan Jaikaran and other directors were absent. Jaikaran, who is also the chairman of WIN Communications Ltd (WINTV), was among five directors who were a no-show yesterday. The other absentee directors were Gizelle Russell, Avedanand Persad, Venosh Sagewan-Maraj and the Jamaican representative, Dennis Lalor. T&T Guardian learned chairman Rabindra Moonan was the lone director who turned up at CAL yesterday after the board meeting was cancelled.

What’s wrong with Caribbean Airlines?

PORT OF SPAIN, Trinidad - Just as soon as the airline begins to show signs of fractured operations, there is a flurry of Caribbean government “actions”, and a plethora of expert articles on what ails the airline and what should be done to make it better. Almost no one seems to remember the principle of structured transformation: the time to make changes/improve the way you do business, is when things are going well; not when you have your back up against the wall.