The Senate has received support for the Partial Scope Trade Agreement Bill between Trinidad and Tobago and the Chile – legislation aimed at boosting economic growth and expanding local exports.
The legislation is expected to drive economic growth by giving local manufacturers and exporters preferential, duty-free access to one of Latin America’s most dynamic markets.
Speaking during debate on the Bill in the Senate, Minister of Foreign and CARICOM Affairs Sean Sobers said Chile remains a key trading partner and one of Trinidad and Tobago’s most important Latin American markets.
“The average total exports from T&T to Chile over the period 2020-2024 are estimated at approximately TT$710.6 million per annum. This includes energy exports, which average approximately $706.3 million annually, and non-energy exports, which average approximately $4.4 million annually.”
The agreement, which was signed in April 2025, is expected to further expand both energy and non-energy exports.
“The agreement provides for preferential market access for more of Trinidad and Tobago’s exports. More local goods will be allowed into Chile without incurring Customs duties, that is, zero duties, and assist in Trinidad and Tobago’s efforts to increase both energy and non-energy exports as part of the government’s continued trade expansion and economic diversification efforts.”
Opposition Senator Dr. Amery Browne also supported the Bill, pointing to significant opportunities for local manufacturers.
“There’s great strategic potential, and even with respect to our manufacturing sector, our food and beverage sector, etc., those who make fruit juices and so on, it’s not just necessarily a target market but potentially a good source of inputs and raw materials as well. So I just want to give some perspective that this is important for our future. There’s also, you see, as the trade specialists would know, when you open doors of trade, other avenues are also open.”
Independent Senator Dr. Marlene Attzs also voiced her support but cautioned that manufacturers must be adequately prepared to take advantage of the agreement.
“We have to ensure that our manufacturers will participate in this agreement. They are in a position, they are export-ready, and they are in a position to capitalise on this opportunity. Again, I state unequivocally that I support any arrangement that seeks to improve the wellbeing of our citizens, but we must ensure, Mr. President, that such arrangements truly deliver on that promise.”
Debate on the Bill has been adjourned and is expected to continue next Tuesday, April 21st.