T&T
in new bid for foreign investment
The Trinidad Guardian
Port Spain
Petroleumworldtt.com
09 23 07
T&T is poised to become the next “economic
hot spot” says Government’s latest
investment promotion campaign, and companies from
around the world, including China, are being invited
to join in making this a reality.
The
new programme entitled, “We are Next,” is
intended to increase investment, particularly in
the country’s non-energy sectors.
It was unveiled last week before thousands of
businesses people at the at the 11th China International
Fair for Investment and Trade in Xiamen, China.
The fair is the only investment promotion event
in China and one of the largest of its kind in
the world. Local government officials from all
31 mainland Chinese provinces and 12,650 overseas
visitors from 113 countries attended the fair last
year.
A
high level T&T delegation including Permanent
Secretary in the Ministry of Trade and Industry
Margaret Parillon and senior officials of the ministry
as well as private sector representatives are attending
the fair in the hope of attracting business to
this country.
The “We are Next” campaign promotes
T&T as being poised to become the next economic
hot spot, “adhering to aggressive investment
promotion principles grounded in diversifying the
economy away from energy into more sustainable
sectors.”
According
to a statement from the Evolving Tecknologies
and Enterprise Development Company (e Teck), “The
initiative promotes T&T as a nation full of
investment potential, open to partner with the
right companies, and ready to support business
from around the world.”
Also
with the delegation, Patricia Khan, e Teck’s
managear investment promotion said, “Not
ignoring energy but moving into more sustainable
sectors will be the key to our success in diversifying
the economy.”
She
added: “We need to be very proactive
in making these changes happen, among them, making
it easier for local and foreign investors to engage
in good business practices.”
The
campaign is being used in advertisements in such
prestigious international business publications
as The Economist, The Wall Street Journal and The
Financial Times. The advertisements depict T&T
as taking its place among countries like Dubai
and Singapore which were once at a similar developing
stage before becoming economic powerhouses.
After
concluding their representation at the fair,
some members of the mission joined another T&T
delegation, including Port-ofaSpain Mayor Murchison
Brown, which headed to South Korea for the formal
signing of a Sister City agreement twinning Port-of-Spain
with the South Korean city of Yeosu. The twinning
agreement was to be signed at a two-day ceremony
ending today.
The
Trinidad Guardian
Tuesday 18th September, 2007
Copyright
©2007 Trinidad
Guardian . All Rights Reserved.
