Cooperatives are continuing to prove that collective enterprise can be a powerful driver of economic growth and community development. As Trinidad and Tobago joined the global observance of the 104th International Day of Cooperatives, the movement highlighted the sector’s contribution to building a more resilient, inclusive and prosperous nation under the theme “Cooperatives for a Peaceful World.”
Bringing remarks on behalf of the Minister of Labour, Small and Micro Enterprise Development, Permanent Secretary Natalie Willis said cooperatives continue to transform lives, strengthen communities and build more resilient nations.
She stressed that cooperative enterprises are not institutions of the past, but are well-positioned to meet the challenges of the future.
“There are 219 registered cooperatives, including 124 active credit unions, serving communities throughout our nation. Together, they represent an impressive asset base of more than $20 billion, a powerful testament to the strength, resilience, and relevance of the cooperative model.”
She underscored the importance of preparing the next generation to sustain and grow the movement, saying young people must combine innovation with the core values of cooperation.
“We must inspire the next generation to embrace innovation while remaining grounded in enduring values of cooperation. We must equip them with the knowledge, digital skills, and entrepreneurial mindset to compete confidentially in a rapidly evolving global economy while understanding that lasting success is strongest when it is built together.”
Commissioner for Cooperative Development Deborah-Ann Scott encouraged members of the movement to reflect on its origins and the values that first united communities decades ago.
“Let us revisit the razor debt for our existence, why were persons meeting in Woodford square back in 1945, why were persons meeting in Point a Pierre or in Trintoc Penal back in 1945, let us look back at our history and see where the things that brought us together are still applicable to us today.”
This year’s observance featured more than 40 cooperatives from sectors including agriculture, manufacturing, finance, retail and trade, alongside health screenings and educational activities aimed at promoting both community wellness and the continued growth of the cooperative movement.