Agroprocessing in Trinidad & Tobago offers lucrative, niche investment opportunities. This is particularly so for manufacturers using unique, indigenous agro-products.
The industry is infused with potential for innovation and development of specialty items for local, regional and international markets.
1 of 8Countries certified in exclusive fine / flavored cocoa
1 of 2International gene banks for cocoa resides in T&T
#1Hottest pepper in the world (Moruga Scorpion) grows naturally in T&T
5 of 20of the hottest peppers in the world thrive in T&T
75%Of intra-regional exports come from T&T
Trinidad & Tobago's major agriculture export partners are United States, Chile, Argentina, Spain, Dominican Republic, Barbados, Colombia, Guyana, Jamaica, Netherlands and Suriname. Our main agricultural crops are cocoa, rice, citrus, coffee, vegetables and poultry. Important export products include citrus fruits, tomatoes, cocoa, sugar, coffee, and cut flowers.
The Centre includes one of two international gene banks that saves wild cocoa varieties found in tropical rainforests and cocoa-growing areas from extinction. The International Cocoa Gene Bank collects the conserved trees which are vital to the breeding of improved varieties for thousands of cocoa cultivators.
Low Business CostsT&T has been ranked 1st for cost effectiveness in Central America and the Caribbean. Reduced operational processing costs and low transportation costs result in competitively priced crop outputs on the open market.
Educated, Skilled WorkforceT&T has an attractive policy for tertiary education. The agriculture industry benefits from skilled labour in Aquaculture, Fishing, Food Preparation, Farm Management, Crop Production, Livestock Production, General Agriculture, Fish and Fish Processing, Food and Beverage manufacturing, and other key disciplines.
Local and Regional DemandThere is a large and increasing demand for goods made from fresh, organic and local produce to serve the local and regional markets in Latin America and the Caribbean. The annual food import bill for the region is US $5 billion, with T&T and Jamaica leading the demand.
Developed IndustryMature manufacturing and logistics industries exist in T&T which would facilitate the export and off-take of local produce. There are existing food and beverage, and printing and packaging clusters in T&T.
Market Access to 947m ConsumersThrough established trade agreements, businesses in T&T enjoy preferential market access to 947 million people worldwide.
Access to Research & DevelopmentInvestors have access to R&D conducted by the following organizations that are established to identify lucrative business opportunities: InvesTT Trinidad and Tobago, The University of Trinidad and Tobago. The University of the West Indies, Faculty of Food and Agriculture Cocoa Research Centre, Caribbean Agricultural Research and Development Institute, Caribbean Industrial Research Institute, Sugar Cane Feeds Centre Seafood Industry Development Company
Benefits include a rebate on a percentage of total cost, up to the maximum dollar value indicated in vehicles, water for agriculture, land preparation, soil conservation, machinery and equipment, agro processing, crops, security, waste management, protected agriculture systems, integrated pest management, post harvest and marketing, marine fisheries, soil amelioration, livestock, aquaculture, new farmers and guaranteed prices in cocoa, coffee, rice, rice seed and milk.
Under the Fiscal Incentives Act Chapter 85:01, large scale manufacturing or processing companies established in T&T can receive an exemption from paying customs duties, Value Added Tax and Withholding Taxes on the costs related to the production of approved products and or services.
Agroprocessing manufacturers utilizing advanced technologies have access to various real estate options throughout T&T, including 140 acres at the Cove Eco Industrial and Business Park in Tobago and 1100 acres at the Tamana InTech Park in Trinidad.
Trinidad and Tobago is home to the award-winning fine/flavour cocoa which creates the potential for lucrative investments targeting high end chocolate markets. The opportunity exists for the development of bespoke chocolate and other cocoa-based manufacturing plants, using locally grown beans.Learn More
The Cocoa and Coffee Marketing Cooperative (the Cooperative) in Trinidad and Tobago is seeking to expand their cocoa processing output capacity. In light of this, the Cooperative requires a partner for an offtake agreement to achieve this goal.Learn More