T&T Chamber Pleased with Early Phase 2

We are happy The Government has agreed to reopen the manufacturing, construction, automotive repair, tyre shops, laundry and dry-cleaning sectors early. We see this as protecting employment and generating foreign exchange earnings.

We fully support the desire to protect lives and we believe Trinidad and Tobago has taken all the steps to do so. We are confident that this country will be recognised as having one of the best responses to COVID-19 as we have had no cases reported over the past 21 days.

More balance needed for phased re-opening

While the Trinidad and Tobago Chamber of Industry and Commerce fully supports a riskbased re-start of the economy, today’s announcement by the Prime Minister on a phased re-opening took a very risk-averse approach. We recognise that a delicate balance is needed, but we are extremely disappointed and concerned about the potential impact to the ongoing viability of the majority of businesses. The approach outlined will result in increased unemployment, social tension, increased crime and further stress upon our already fragile economy.

FOLLOW THE STAY- AT- HOME ORDER

The Trinidad and Tobago Chamber of Industry & Commerce strongly supports the initiatives of the government to restrict all unnecessary movement at this time. We ask our businesses and the national community to stay at home unless absolutely necessary.

COVID-19 IMPACT ON SMALL BUSINESSES & VAT PAYMENTS

The T&T Chamber continues to be encouraged by the Government’s strong leadership in addressing the current challenges arising from COVID-19. As economic slowdown is being experienced across many sectors, the T&T Chamber welcomes the various emergency support measures to address the drastic impacts COVID-19 is having on households, businesses and the economy.

MEDIA RELEASE A PROACTIVE PLAN IS NEEDED

A PROACTIVE PLAN IS NEEDED
These are difficult times not just for Trinidad and Tobago, but for many other countries around the world. The impact of COVID-19 and its impact on the commercial sector as well as the drastic decline in energy prices have negatively affected economies across all continents.

THE T&T CHAMBER STRONGLY URGES FOR PROGRESS ON PROCUREMENT LEGISLATION

The Trinidad & Tobago Chamber of Industry and Commerce (T&T Chamber) strongly urges Parliament to allow operationalisation of the substantive provisions of The Public Procurement and Disposal of Public
Property Act, 1 of 2015. The T&T Chamber, in partnership with other members of the Private Sector/Civil Society Group on Public procurement, has been a strong advocate for the efficient and effective implementation of the Act.

Businesses can play a part in addressing issues of domestic violence

Following Monday’s tragic homicide – suicide, the outcome of a domestic abuse situation, the Trinidad and Tobago Chamber of Industry and Commerce extends our condolences to the families of those involved, and indeed to all families of victims of similar deadly acts of domestic
violence.
It is quite clear that we have a substantial social problem that is becoming a significant crime problem.