The Trinidad and Tobago Coalition of Services Industries (TTCSI) has renewed its call for a balanced export economy by 2030, urging greater investment in the services sector as part of its “50-50 by 2030” vision.
TTCSI President Dianne Joseph said the initiative aims to create an export economy where non-energy services stand alongside the country’s energy sector.
She said the services industry, which accounts for about 60% of national GDP, is already the country’s primary engine of employment and has the talent, expertise and digital capabilities needed to drive economic diversification.
The TTCSI President stressed that Trinidad and Tobago’s greatest asset is its people, and that expanding services exports will help generate foreign exchange, foster entrepreneurship and strengthen economic resilience.
“Our mandate is not to build this sector from scratch but to unleash its full potential by making or marking our diverse local talent more productive, innovative, and fiercely export-oriented in global markets. Achieving 50-50 by 2030 aspiration means creating a perfectly balanced export economy where our non-energy services stand strong. It stands strong alongside our traditional oil and gas sectors.”
She said the services sector can play a transformative role in reducing the country’s dependence on energy revenues by leveraging local talent and expertise to generate foreign exchange and strengthen the economy.
“Services export does not require physical shipping containers. It requires the boundless power of Trinidad and Tobago’s minds. By driving services exports, we are actively diversifying our foreign exchange earnings, fostering world-class entrepreneurship, and building an unshakeable foundation of national economic resilience.”