The People's Partnership Government must be commended in its endeavours to attract, expand, promote, enhance and encourage foreign investors to Trinidad and Tobago. Recent statements by the Energy Minister, Senator Kevin Ramnarine attesting to agreements signed by the Russian Iron and Steel company and the Saudi Arabian Oil Company may eventually prove to be astute business decisions to aid in the gradual stimulation of the economy, increase foreign relations, develop additional technical and technological expertise, forge new markets, create jobs in the construction sector, as well as permanent ones, once the projects are completed.
The Ministries of Trade, Labour, National Security and Foreign Affairs are all inextricably linked to these foreign investments as well as business development programmes. These business initiatives may well advance our domestic and international interests. Not only will potential foreign investors find a mini-United Nations of hospitable people in T&T, but also a very well educated, highly literate and skilled, technical and professional human resource base.
Russians and Saudis are coming
Though the United States government via its embassy in Port-of-Spain issued a statement registering its disapproval over the procedures utilised through which the Saudi firm was granted the contract, the Government of Trinidad and Tobago (GOTT) ought to be gently reminded of the fact that despite our sovereignty, the globalised village in which we live today has become more dependent on each other. Whilst there will be initial hurdles and other complex bureaucratic challenges, linguistic and cultural differences, labour practices to adapt and adjust to, the more pressing question is, what are the potential benefits to be derived for the population of Trinidad and Tobago?
However, the significance of the US as one of the most powerful decision makers in the international arena, especially the Caribbean Basin, must not be underestimated where their economic, geo-strategic and security interests are concerned. Whereas we are free to conduct our foreign policy initiatives, one must be particularly prudent in dealing with the US. There are too many spheres of cumulative influence that the US can adopt that may affect our nation and its citizenry.
In this investment thrust, one of the key factors arising in this endeavour is facilitation. Are we prepared to facilitate and not frustrate the immigration aspect of business? What type of changes will be required at these missions? Are there potential challenges and risk factors that can run counter to the public interests of Trinidad and Tobago? Do we have adequate and capable human resources to deal with the Russians and Saudis? Can we professionally communicate on a business level? Have we done adequate research and acquired professional advice on dealing with the Russians and Saudis on a legal basis?
Trading relations with different nations
As the nation seeks to forge additional business investments and trading relations with different nations, it is becoming increasingly clear that these intended investments and business developments should be drafted into a meaningful and effective policy thereby linking the immigration department more concertedly into the fabric foreign policy.
In this way, the immigration component of our foreign missions can play a much more facilitative and promoting role in supporting the development of a vibrant and stable economy, whereby migration investments can be spread evenly across T&T.
Thus, according to Volume 1, Section D1.1.1 (1) of the Trinidad and Tobago Immigration Manual, one of the stated objectives of immigration is to "contribute to economic growth and stability through enhancing the overall development of human capability in Trinidad and Tobago and (11) encourage enterprise and innovation." However, it might be added that the Business Immigration Programme objectives must be clearly outlined in the Immigration Manual, and which should also include that "this programme seeks to promote economic development and employment by attracting people with venture capital, business acumen and investment, entrepreneurial and self-employed skills. This programme should also attempt to develop new commercial opportunities and to improve access to growing foreign markets and their special requirements and customs."
Since our Immigration Act is patterned after the 1952 Canadian Immigration Act with some revised changes over the years, would it not be prudent to develop a written business immigration policy, incorporate it into the Immigration Act with clear and instructional guidelines for prospective investors, entrepreneurs and self-employed people wishing to conduct business and reside in Trinidad and Tobago.
In each case there will be an outlined definition of what constitutes an investor, the amount of capital required, the nature and feasibility of the investment, the location, the type of industry. In this way, the consular, economic and commercial units of our embassies and high commissions can also integrate their foreign policy imperatives in a cohesive manner.
Central and South American initiatives
During the embryonic stages of the PP Government, official delegations made trips to the US, UK, Australia and Brazil. It would be a sound measure of public accountability to demonstrate to the public some of the fruitful results of these trade and investment trips by now.
We do business with Colombia, but do we have a Colombian mission? How has Government dealt with the issues of human trafficking, slavery and prostitution from Colombia? Why are there female Colombian teenagers and young women allegedly still working in rural areas in bars across this country illegally? Are some of them brought in allegedly to "perform special services" under the business class categories?
