Origin of the Trinidad and Tobago Coalition of Services Industries
The Trinidad and Tobago Coalition of Services Industries was established in October 2006 as an umbrella organization that brings together all services organisations and associations in Trinidad and Tobago. As an alliance of professional services associations and organizations, the TTCSI functions as a focal point to lobby, channel and address trade in services issues and services development issues, which are critical for the sector to thrive in this competitive global environment and for the growth of sustainable services in the economy which contributed 58% to real GDP in 2018.
Renewed Mandate of the TTCSI (2019 and beyond)
- To provide national service providers with knowledge of export opportunities.
- To build robust data analytics and sectoral reports on Trade in Services information on all key sub sectors.
- To build and maintain an up-to-date National Services Exporters Portal which will facilitate connecting local services providers and firms to local, regional, and international clients and partners to engage new revenue opportunities.
- To conduct research and focus group meetings with members and stakeholders that will identify destinations for trade missions to enable services providers and firms to exploit market opportunities.
- To encourage national service providers to engage in developing export programmes and promotional activities through collaboration locally, regionally, and internationally.
- Ensure that all services providers and firms, that have the capacity to export, complete the Services Go Global Training Programme.
- To promote the further development and competitiveness of the national services sector.
- To support and facilitate the development of industry standards and globally recognized certifications.
- To enhance and encourage the competitiveness of services providers and firms through the development of continuous professional development and certification programmes.
- To educate national service providers on relevant aspects of the CARICOM Single Market and Economy (CSME), Free Trade of the Americas (FTAA), World Trade Organization (WTO), African – Caribbean – Pacific/European Union Economic Partnership Agreements (ACP/EU EPAs) and any trade agreements or developments that can affect international trade in services.
- To educate national service providers on relevant Government policies that can assist or hinder the export of services.
In 2019, the Board of Directors of the TTCSI revised the strategic objectives of the TTCSI. The revised mandate was based on the following scenarios:
- Lack of trade in services statistics for Trinidad and Tobago and the Caribbean region. Unlike merchandise trade statistics, which have long established data collection systems, trade in services, owing to their complexity, do not enjoy the same comprehensive coverage. TTCSI believes that the robust collection of data analytics on services must be prioritized and is a key tool in policy design and trade negotiations for the sector. In this regard, the mandate was revised to also incorporate the positioning of the TTCSI as a data analytic hub on trade in services.
As such, over the past three years the TTCSI has positioned itself as the leading institution for data analytics and research on services in Trinidad and Tobago. Over this period, TTCSI has developed the following:
- Cluster Development Plan for Meetings, Incentives, Conferences, Events (MICE) Tourism. This plan was shared with the Ministry of Tourism and Tourism Trinidad Limited.
- Conducted primary research to track the economic contribution of Sports to the Gross Domestic Product of Trinidad and Tobago.
- Collaborated with SporTT to train sports professionals in Services Go Global which was the first of its kind for the region.
- Three research publications which provided the Government and the Private Sector with insights into the economic impact assessment of Covid-19 on the manufacturing and services sectors of T&T, impact of the foreign exchange crisis on business in T&T and a rapid labour market assessment and beneficiary capacity assessment.
TTCSI’s milestone projects for 2021/2022
- The National Services Exporters Portal which will provide, inter alia, e-commerce services for the services sector.
- Development of a Services Catalogue of Graduates of the Services Go Global Programme in collaboration with Caribbean Export.
- Report on Nearshoring Opportunities for Trinidad and Tobago.
- Redouble efforts to promote the new areas for export services, for example, Medical Tourism, Education Tourism etc.