33
Economic Restructuring and Transformation
78.
Government continued towards its objective of transforming the economy,
through the restructuring and diversifying of the economic base, a total of $111.3 million
was allocated from the IDF and Consolidated Fund to support industrial initiatives and
business development, from which a total of $96 million was utilised. These initiatives
are described below.
Film, Fashion and Music
79.
One of the strategies for diversifying the economy is the development of the
creative industry for which $15 million was allocated in support of the film, fashion and
music industries. The Fashion Industry Development Committee received support in the
sum of $2 million to continue promoting the fashion industry. Achievements included:
Hosting of a fashion show and booth display at the Trade and Investment
Convention 2013, which was hosted at the Hyatt Regency Trinidad during
the period June 12
th
to 15
th
, 2013
Financial assistance to Heather Jones International for participation in the
Mediterranean Dreams Fashion Show 2013 in Elba, Italy to showcase
fashion interest in Trinidad and Tobago
Financial support to host the Fashion Fundamentals Summer Camp 2013
from July 15
th
to 20
th
in Trinidad and July 22
nd
to 27
th
in Tobago
80.
Support was also provided to the music industry in the sum of $6.5 million.
Achievements included:
Financial support to Ask Promotions for the hosting of the Artiste
Management Music Business Conference (AMMBCON) from 14
th
to 17
th
August at the National Academy for the Performing Arts (NAPA)
Participation by the Trinidad and Tobago Entertainment Company (TTENT)
at the Trade and Investment Convention 2013
81.
The Trinidad and Tobago Film Company received an allocation of $6.5 million
for continued promotion of the film industry, which included the hosting of outreach
sessions for students, participation in the Martinique Film Festival, American Black Film
Festival and the Locations Trade Fair. These initiatives focused on promoting Trinidad
and Tobago‟s film industry and the potential of our twin island as a premier site for
filming.
The Food and Beverage Industry
82.
The Food and Beverage industry expended a total of $1.5 million in 2013 to
facilitate food safety training for HACCP compliance and participation in domestic,
regional and international food and beverage trade exhibitions.
