Aug 23, 2021 | TTCSI in the Media

By Soyini Grey of CNC3

Trinidad and Tobago should be using the COVID-19 pandemic to revolutionise its economy.

That’s the assessment of Chief Executive Officer of the T&T Coalition of Service Industries (TTCSI), Vashti Guyadeen.

Quoting a former UK Prime Minister, Winston Churchill, Vashti Guyadeen says we should not waste a good crisis, and we need to cast an eye overseas to learn from the successes of others.

“We can draw from the example of other countries,” she said.  “South Korea is an excellent example in terms of how they have designed their economic deal for post-pandemic development.  Many of its measures are focussed on the digital transformation of micro and small businesses, and also are encouraging the greening of firms.”

The TTCSI CEO says some of her members are prepared to operate their businesses prioritising digital delivery and the greening of their operations.

She also says TTCSI is ready to place the issue on the front burner nationally, because the country needs to get things right. But, she says, some businesses have grabbed available opportunities.

“There are some sectors where COVID-19 has been a blessing in disguise, meaning that they have been able to use technology to expand their businesses, and I am speaking specifically about the Business and Professional Services Sector,” she explains.

“Our approach has been to look at sectors that have been able to grow within this one-and-a-half-year time frame and find out what we can do to accelerate their growth.  We are pushing a strong ‘go global’ campaign for sectors that have been able to pivot,” she added.

Guyadeen says 140 of their members recently graduated from the “Services Go Global: Cariforum Workshop”, which builds the capacity of service providers to capitalise on the Cariforum Economic Partnership Agreement, the Caricom Single Market and other trade agreements.

Read Full Article

Guyadeen is Pan-African Institute ambassador

Guyadeen is Pan-African Institute ambassador

The Pan-African Leadership Institute (PALI) has appointed Vashti Guyadeen, CEO of the TT Coalition of Services, as its new ambassador for TT.

In a release on Friday, PALI said this appointment marks a significant milestone in its mission to foster leadership, collaboration and development within the African diaspora and beyond.

‘Services deserve equitable share of forex’

‘Services deserve equitable share of forex’

The services sector is the largest in the T&T economy, contributing annually on average $43 billion to its Gross Domestic Product, according to the T&T Coalition of Services Industries (TTCSI)

The services sector is diverse, covering business services (professional, computer etc), construction, transport, communications, financial services, tourism/travel, Government operations among others. It employs about 80 per cent of the labour force, some 422,000 people.

Guyadeen is Pan-African Institute ambassador

TTCSI nominated for 2 vFairs Eventeer awards

The T&T Coalition of Services Industries (TTCSI) has been nominated and is a finalist in two categories–best conference and best virtual event–in the vFairs Eventeer Awards 2024.