AGP Executive Report
Last update: 6 minutes agoVenezuela Trade: Trinidad and Tobago and Venezuela are looking to expand trade, investment and energy ties after a business roundtable in Port of Spain. Two-way goods trade reached about $68.1 million in 2025, and technical teams are reviewing the trade agreement to identify priority products. Gas Market: At the GECF summit, member states including T&T called for fairer gas pricing and stronger coordination to manage market crises and protect supply infrastructure amid geopolitical risks. Labour Market: Economist Roger Hosein warns that low unemployment masks weakening employment and participation: the labour force participation rate fell from about 62% in 2014 to 54–55% in 2025, while nearly half a million people are now inactive. Budget and Growth: The 2027 budget has passed, but the Government and Opposition remain at odds over whether T&T is in recession, with debate focused on contracting activity, borrowing and the country’s economic outlook. Tourism Links: Caribbean Airlines has begun nonstop Toronto–Tobago service and added seats for Tobago Carnival, boosting air access ahead of the busy season. New Industry: Cabinet has approved a commercial arm to develop a sargassum industry, aiming to turn the seaweed into an economic opportunity.
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