Agriculture & Agroprocessing

Agriculture & Agroprocessing

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 8

    Countries certified in exclusive fine / flavored cocoa
  • 1 of 2

    International gene banks for cocoa resides in T&T
  • #1

    Hottest pepper in the world (Moruga Scorpion) grows naturally in T&T
  • 5 of 20

    of the hottest peppers in the world thrive in T&T
  • 75%

    Of intra-regional exports come from T&T

Main Crops & Exports

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.

Key Players

Award-winning Fine Flavour Cocoa

  • T&T is one of 8 exclusive producers of fine/flavour cocoa in the world. (The International Cocoa Agreement, 1993).
  • Fine/flavour cocoa accounts for just 5% of world production.
  • Salon du Chocolat Award – La Reunion and San Juan are the only estates in the Caribbean to have won this award.
  • Our unique Trinidad select hybrids of Criollo, Trinitario, and Forastero fetch a premium price on the world market.
  • T&T’s cocoa is in high demand worldwide by renowned chocolatiers.
  • Home to one of the world's longest continuous cocoa variety breeding programmes, initiated in 1930.

Hottest Naturally Growing Pepper in the World

  • T&T's Moruga Scorpion pepper was rated the hottest naturally growing pepper in the world at over 2m Scoville units (SHUs) by the New Mexico State University’s Chile Pepper Institute in February 2012.
  • Each pepper contains as much capsaicin as 25ml of police-grade pepper spray.
  • The Trinidad Scorpion Butch T pepper (>1.5m SHUs) ranks just below the Moruga Scorpion pepper.
  • Other varieties of hot pepper in T&T include the 7-Pot (800,000-1m SHUs), the Douglah and Habanero (>500,000 SHUs).

Innovation in Agriculture

The Cocoa Research Centre

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.

 

Incentives

Sector Specific

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.

Fiscal Incentives

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.

Import Duty Concessions

Manufacturing and food processing enterprises are allowed duty free treatment on their raw materials, machinery and equipment and, in some cases, packaging material based upon the provisions of the country’s Customs Act.

Real Estate

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.

Investment Opportunities

Chocolate Manufacturing

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.

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Cocoa Processing Partner for an Offtake Agreement

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

Talk to our expert

Investments

TEL: +1 868 225 4688FAX: +1 868 225 5820