Trade tariffs and carbon taxes emerging across major global markets are creating serious competitiveness challenges for Trinidad and Tobago’s exporters, according to Dr Preeya Mohan, senior fellow at the Sir Arthur Lewis Institute of Social and Economic Studies, The University of the West Indies, St Augustine.
She also noted that the country must urgently adapt to a rapidly changing international trade landscape.
Speaking at a breakfast meeting held by the T&T Chamber of Industry and Commerce and the T&T Extractive Industries Transparency Initiative (TTEITI), Mohan said that decades of trade strategy built on preferential market access are coming to an end, replaced by a system shaped by reciprocity, climate policy, and carbon accountability.
“For post-colonial small island economies like ours, the international trade architecture is changing very rapidly. We are no longer competing solely on price.”
