112
314.
Government will continue to promote and strengthen the Services Industry using
the expertise of the Trinidad and Tobago Coalition of Services Industries (TTCSI).
TTCSI will utilise $2 million to promote development of the services sector through
business development, export promotion, education and development of TTCSI capacity.
These initiatives are directed towards achieving the goal of increasing services export and
the value of the contribution to GDP of the services sector locally by 10 per cent by 2016.
315.
Another activity necessary for continued economic development is investment for
which $8 million will be provided in 2014.
InvesTT
will continue undertaking activities
to increase investments in targeted sectors through its branding, investment sourcing,
facilitation and aftercare activities, with the aim of contributing to the diversification of
Trinidad and Tobago‟s economy. Promotional activities will be undertaken to publicise
internationally Trinidad and Tobago‟s business offering as a location for investment and
as a source of high quality goods and services in the non-energy sector.
316.
Under the IDF an allocation of $30 million will be made for implementation of
the Single Electronic Window (SEW). The main activities to be undertaken will include:
Phase III Development Works: addition of new e-services
Upgrade of the SEW infrastructure to expand e-services
Maintenance and support services for the SEW
Manufacturing
317.
Development of the non-energy manufacturing sector is an important aspect of
the diversification efforts. An allocation of $88.6 million, sourced from both the IDF and
the Consolidated Fund, has been provided to continue several initiatives aimed at
developing industry within the non-energy sector in Trinidad and Tobago. These
initiatives include infrastructure design and development at the Wallerfield Industrial and
Technology Park (Tamana InTech Park), and continued promotion of the Tamana InTech
Park for tenancy.
318.
The Trinidad and Tobago Bureau of Standards (TTBS) will continue to have an
important role in ensuring that the infrastructure for upholding standards and conformity
assessment in industry are properly developed and accessible as Trinidad and Tobago
seeks to internationalise its manufacturing sector. A total of $5 million will be allocated
to the upgrading of the TTBS building and upgrading and equipping of its laboratories,
which will involve procurement of testing materials and equipment for testing the safety
and performance of electrical products.
