BVC July, 2015 - page 36

36 July 2015 - Business View Caribbean
The Trinidad & Tobago
Manufacturers’ Association
Creating new growth and opportunities for the manufacturing sector
The Trinidad & Tobago Manufacturers' Association
(TTMA) was founded in 1956, by a group of local en-
trepreneurs who recognized the need for a unifying or-
ganization that would promote the growth and expan-
sion of local industry – especially light manufacturing
– that was owned and operated by island businesses.
For many years, the Republic of Trinidad and Tobago
did not have a manufacturing sector of any size or sig-
nificance. As a British colony, the country merely ex-
tracted its raw materials and sold its natural resources
to the developed world – primarily to England and the
European continent.
In the years leading up to its 1962 independence,
however, TTMA’s early founders believed that instead
of importing all of its manufactured goods, it would be
beneficial for the islanders to start making some of
these things, themselves. After several decades, their
vision has borne fruit. Today, Trinidad and Tobago has
the Caribbean region’s largest manufacturing output:
almost $8 billion for 2014 - 8.5 percent of the coun-
try’s GDP (Gross Domestic Product).
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