There are a number of parallels between Australia and T&T local businesses should be taking advantage of, said Australian High Commissioner Philip Kentwell.
"Creative business entrepreneurs" could look at some of the parallels and make money out of the similarities and differences between the two English-speaking Commonwealth countries, he said.
"When one looks at the time zone difference between Australia and Trinidad, I think a very clever company could look at the available resources, and become a 24-hour online business quite easily."
When the T&T work day is winding down, Australia, which is about ten and 12 hours ahead, is now waking up, and this circumstance lends itself very well to companies that need to operate 24 hours a day, such as the airline industry, telecommunications, technical support, call centres and others.
Given that time is money, he said some professional industries, like the legal profession and architecture, should also be capitalising on the time difference.
"In instances where a legal opinion is needed within 24 hours, or architectural drawings or building designs are needed fast, there is no reason Australian and T&T companies could not form partnerships to provide that speed of service to customers who need it. While one country is asleep, the other is working."
He said T&T's labour costs are not so expensive, so that would be a plus, too.
"The great challenge for Australia in looking at expanding investments to this region, of course, is that the real growth economies in the world are China and India. Of course, they happen to be in our hemisphere, so the natural instinct of Australian business is to look at the export markets of 1.5 billion and three billion that are available in those two countries, and in Asia generally.
"Having said that, I think there is great potential and scope for creative businesspeople to carve out markets where growth and demand is going to continue into the future," Kentwell said in an interview with the Business Guardian on September 18.
"Why are T&T architects who are familiar with building designs to cope with hot weather conditions and strong winds not providing designs to Australia and other areas in the world where there are similar conditions?" he asked.
"I think there could be some creative energy put into that and there should be some win-wins. Whether this happens in the short term, or at all, it is something worth looking at."
Traditionally, Australia has been an exporter of goat meat and cheeses to T&T. Australia is the largest provider of goat meat to T&T. The land "down under" has held on to its cheese and other niche markets since pre-independence days.
In the energy sector too, "BHP Billiton has been here for a good number of years" and has been providing steady employment to T&T nationals, the high commissioner said.
Only a few months ago, he said, BHP Billiton hired its first Australian to work here.
Extracting oil from sand
Also in energy, Kentwell said he expects an Australian company to bring some unprecedented technology to T&T.
"We all know there are pressures mounting on the world's resources more generally, and I know there is, for instance, an Australian oil sand company which has been in discussions with Trinidad in recent years, and is coming back again next month for further discussions with Petrotrin to look at what can be done with harvesting oil sands," he said.
While not purporting to be an energy expert, he said, "As I understand it, in countries which have deposits of oil, there is often alluvial oil that is in the sand, and this process actually extracts the oil from the sand to make it a saleable commodity."
Australian technology has also been transporting T&T nationals by sea.
Four new water ferries–the Calypso Sprinter, Trini Flash, Paria Bullet and the Carnival Runner–were built in Australia.
The sale of those vessels, which have happened in the last fours years, have considerably distorted the balance of trade and trade figures in Australia's favour, he said, yet "they were one-offs, although there is hope for repeat sales" and new sales in the region where there is prospect for similar transactions.
Still, thanks to its traditional exports of meats and cheeses, the trade surplus usually is on the Australian side, outweighing T&T's exports of ammonia and Angostura bitters.
As was widely publicised in the press, T&T also bought 50 Commodores cars for police vehicles over the last few months, he said. "Commodores are very good cars. They used to be popular in T&T," he said.
Asked who is the dealer, he said there is no official dealer, but "there may be dealer of sorts because someone has to import the (spare) parts."
Clearly, Australia cannot compete in the manufacturing industries where the cost of freight "cuts us out of the market" while others like the United States and Europe are closer.
Looking at diversifying from those traditional areas, he said he is starting to see that the Australian education sector is partnering with education providers here in T&T to deliver Australian tertiary education in specific niche fields.
"As I understand it, there are something like 300 Trinidad students who are currently studying for an Australian qualification at (one of the) four local tertiary level institutions (in this partnership)."
Kentwell said the Australian business educator is also expanding to Guyana and St Lucia, "going wider in the region."
He said there may also be good scope for Australia to contribute more assertively in information and communication technology (ICT) education tools, delivering educational programmes through ICT, maybe to children, and to persons living with disabilities.
He said he thinks there is scope in this area because "Australia is quite good at ICT and our programmers have a similar background, being less American."
Not that anything is wrong with being American, the high commissioner said, but there may be market for persons wanting to follow an education system "more similar to our own."
Deeper co-operation
Other areas for potential collaboration between Australian and T&T companies, the high commissioner said, include conference tourism and water management.
"I think T&T has had some remarkable successes that it has tried to promote. I look at conference tourism, and Australia is a very popular conference tourist destination, and it may well be that there is some room for the two countries to work in partnership, or (pursue) skills transfer or knowledge transfer, sharing of technologies, or whatever it may be, to be shared, because I think if one looks at tourism in Trinidad, there is no reason why Trinidad shouldn't become the premier conference tourism destination in the Caribbean.
"Businesspeople always like to go to nice destinations, but you don't want to put them in a resort (on a beach) because you won't get any work done."
Another area for collaborative work is water management, Kentwell said.
"In Australia, we have had to learn to manage water cleverly and I know this challenge exists here in Trinidad."
This may be an area where Australian and T&T companies can work together, he said.
As for T&T products that have the potential to be good exports to Australia, the diplomat who has been here for the past five years, said, "There are a couple of products with potential, but the difficulty with volume may be a problem for T&T."
Giving an example, he said, "Some of the best chocolate I've ever eaten comes from Trinidad. There are some wonderful chocolate products here that is not necessarily in huge supply. Look at how successful Belgium and Switzerland have become at exporting chocolate. There's no reason T&T can't become a major exporter of chocolate."
He said the same is true for pepper sauce.
He thinks there is real potential for local hot sauces because most people only know about tabasco, and "once you've tried something other than tabasco, you realize how tasty the varieties can be."
He said that Australia's increasingly cosmopolitan population is broadening the horizons of what Australians will buy.
Kentwell said one out of every four Australians is born overseas.
He said while Australia might be a very large island, it is "still an island, an island continent."
