Canada is identified as a key market for expanding Trinidad and Tobago’s exports of goods and services, according to Trade Minister Paula Gopee-Scoon. She made this remark during a meeting with Canada’s Minister of Export Promotion, International Trade and Economic Development, Mary Ng, in Toronto last Friday. Gopee-Scoon was leading a trade mission from Trinidad and Tobago to Canada, which included representatives from 19 businesses.
Data from the Trade Ministry indicates that between 2019 and 2023, Trinidad and Tobago consistently maintained a net import position with Canada. During this period, trade deficits fluctuated, reflecting varying levels of trade activity.
In 2023, iron ores emerged as the top imported product from Canada, valued at approximately $667 million, followed by wheat at $102 million. Other notable imports included hams, potatoes, medicaments, and dried split peas.
On the export side, Trinidad and Tobago’s leading products to Canada last year included both energy and non-energy items. Methanol was the top export, valued at around $351 million, followed by urea at $251 million.
Non-energy products among Trinidad and Tobago’s top ten exports to Canada include scrap metal, aerated water, beer, and pepper sauce.
During her meeting with Minister Ng, Trade Minister Paula Gopee-Scoon emphasized that the Government of Trinidad and Tobago views Canada as a crucial trading partner for promoting and expanding exports of goods and services. She also highlighted the significance of the Caribbean-Canada Trade Agreement (CARIBCAN), which has been in effect since June 15, 1986, and was recently extended to 2033. This agreement allows eligible products from Trinidad and Tobago to receive non-reciprocal, duty-free treatment in Canada.
Both ministers discussed their efforts to increase inclusivity, particularly for women in the economy. Minister Gopee-Scoon showcased the successes of women involved in Trinidad and Tobago’s SheTradesHub, and they exchanged ideas on enhancing women’s participation in trade.
Additionally, the discussions touched on Trinidad and Tobago’s diversification efforts. Minister Gopee-Scoon elaborated on the investment opportunities arising from the recently implemented Special Economic Zones Regime. She also noted the growth of the Business Process Outsourcing sector in Trinidad and Tobago, emphasizing the potential for further expansion due to the country’s highly skilled and English-speaking workforce