Key Cost Saving Benefits
Geographic location – Situated 11km off the South American mainland puts this country at 19km from major shipping lanes to the USA and Europe and below the region’s hurricane belt. The threat of operational downtime for businesses during the region’s annual hurricane season is the lowest regionally.
Available Labour force – The country offers a highly skilled English-speaking workforce that ranks 3rd in labour productivity and 4th in the ease of finding skilled employees in the Latin American and Caribbean region (Nov 2020, ILOSTAT).
Communications – Operating at -4 Atlantic Standard Time (AST), Trinidad and Tobago shares similar time zone with the east coast of the United States thus reducing response time delays common with offshore operations. Efficient time management coupled with one of the most robust and efficient telecommunications and fibre optic link networks in the region support the establishment of reliable communications for nearshore manufacturing facilities located here.
Prime Commercial Space – The 144-acre Phoenix Park Industrial Estate offers leasable land lots and customizable factory shells. The Estate is located in close proximity to the Port of Point Lisas benefiting both incoming and outgoing shipments from manufacturers. It is also the first 5G business park in the region, designed to boost the productive capacity of businesses located there.
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