Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§50 |
Trinidad and Tobago |
2019 |
Sectors |
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Fisheries |
Relevant information
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The Government has been trying to facilitate the development of the fisheries sector, through border protection and domestic support. The authorities stated that managing and maintaining the sustainability of the fisheries sector is complex (...)
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§56 |
Trinidad and Tobago |
2019 |
Sectors |
Other support measures |
Fisheries |
Relevant information
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Incentives are given to support fishing operations consistent with the sustainable use of fisheries resources (Table 4.9).
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§63 |
Trinidad and Tobago |
2019 |
Sectors |
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Energy |
Relevant information
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(...)A target has been set to have 10% of electricity supply from renewable energy sources by 2021. In this regard, there are plans to develop and operationalize instruments to promote investment in renewable energy technologies, such as feed-in tariffs and incentives.
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§70 |
Trinidad and Tobago |
2019 |
Sectors |
Other support measures |
Energy, Manufacturing |
Relevant information
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Various incentives remain in place for companies operating in the upstream sector, and to encourage renewable energy and the use of compressed natural gas (CNG) vehicles (Table A4.2).
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§135 |
Trinidad and Tobago |
2019 |
Sectors |
General environmental reference |
Services |
Relevant information
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In 2017, the MTI released a Yachting Policy, as part of efforts to develop the maritime services sector, increase employment, and generate foreign exchange earnings. (...)The Policy contains various recommendations in the areas of product development; changes to the legal and regulatory framework; and human resource and environmental and social development. (...)
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§155 |
Trinidad and Tobago |
2019 |
Sectors |
General environmental reference |
Services |
Relevant information
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(...)It is envisaged that the revised NTP will be followed by the development of a comprehensive Tourism Master Plan in 2020, which will guide the sustainable growth and development of the tourism sector until 2030.
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§156 |
Trinidad and Tobago |
2019 |
Sectors |
General environmental reference |
Services |
Relevant information
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In 2016, a Standing Committee for the Strategic and Sustainable Development of Tourism in Trinidad was established, which, following research and consultations with stakeholders, issued a Tourism Road Map, 2016-20 for Trinidad, which offers guidance in developing plans for marketing and product development, and frames strategies and programmes for the sustainable development of the tourism sector. It suggests that Trinidad's unique selling point should be business tourism with a focus on the meetings, incentives, conferences and exhibitions (MICE) industry, with supporting niches being event tourism and eco-tourism.
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-IV§160 |
Trinidad and Tobago |
2019 |
Sectors |
Other support measures |
Services |
Relevant information
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(...)To be eligible for the incentives, any accommodation project must have a minimum of ten guestrooms; approval depends on the amount of capital invested, the financial risk assumed, the contribution made or likely to be made to the sustainable development of the tourism industry, and the achievement of national tourism objectives.
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-Table-A4.1 |
Trinidad and Tobago |
2019 |
Sectors |
Investment measures |
Agriculture, Chemicals, Other |
Relevant information
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Major investment incentives to the agriculture sector
(% of cost and TTD)
Programme % of cost Maximum
(...) (...) (...)
Waste management
Cost of establishment of biodigesters 100 10,000
Integrated pest management
Environmentally-friendly chemicals 50 3,000
Approved materials including bio-agents 50 3,000
(...) (...) (...)
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Secretariat TPR |
WT/TPR/S/388/REV.1 |
S-Table-A4.2 |
Trinidad and Tobago |
2019 |
Sectors |
Tax concessions, Import tariffs |
Energy |
Relevant information
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Energy sector tax incentives, 2018
Incentive
(applicable tax) Description Act
(...) (...) (...)
Sustainability Incentive
(SPT) 20% discount on rate of SPT applicable to mature marine and small marine oilfields. Petroleum Taxes Act
Import duty exemptions Import duty exemptions are granted for "machinery, equipment materials and parts for the manufacture or assembly or solar water heaters". Finance Act 2010
(customs duties)
Zero-rated VAT Zero-rated VAT granted for complete solar water heaters, solar PV systems and wind turbines. Value Added Tax Act
(VAT)
Tax credit for solar water heaters Tax credit for solar water heaters. Individuals purchasing solar water heating equipment for household use,
are entitled to a tax credit of 25% of the cost of the solar water heating equipment, up to a maximum of TTD 10,000 (maximum tax credit of TTD 2,500). Income Tax Act
150% wear and tear allowance
(tax allowances) 150% wear and tear allowance of the expenditure incurred on: (a) the acquisition of plant, machinery, parts and materials for use
in the manufacture of solar water heaters; or (b) the acquisition of: wind turbines and supporting equipment; solar PV systems and supporting Finance Act
Customs and Excise Duty Exemptions
(customs and excise duties) Several items are allowed for importation free of customs and excise duties, as long as they are not manufactured in the desired quantities Trinidad and Tobago Tourism Act
and quality in Trinidad and Tobago. The list of items includes environmentally-friendly and/or energy-saving devices such as solar panels, and heating equipment.
equipment; or solar water heaters.
(...) (...) (...)
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Sustainable
Energy
Environment
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