Fifteen local manufacturers representing the food and beverage; printing and packaging; and textiles sectors are currently on a trade mission in the Bahamas.
According to a media release issued by the Ministry of Trade and Industry, the group will seek to determine business opportunities, build upon existing trading relationships and establish new strategic business and logistical contacts with potential suppliers of raw materials and finished products.
According to the release, the Bahamas is ranked as Trinidad and Tobago’s 8th largest export market and 12th largest source of imports in CARICOM.
It said: “During the period 2019 – 2022, Trinidad and Tobago maintained a favourable trade balance with Bahamas, averaging TT$ 156.4 million in exports and just over TT$ 360,000 in imports annually. Over the period Trinidad and Tobago’s positive trade balance with Bahamas improved significantly, growing from TT$ 15.5 million in 2019 to TT$ 350.9 million in 2022 due to an increase in energy and steel exports.”
The release also noted that the Bahamas continues to be an important intra-regional services trading partner for Trinidad and Tobago.
