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UK’s growing economy good for T&T’s investment prospects

Published: 
Thursday, February 13, 2014
James Telfer, from left, honorary chairman of the British Caribbean Chamber of Commerce; Sally Allister of GF Foods; Patrick Garcia, Business Development Company; Andrew Chard, spokesperson for Caribbean Trading Ltd and Ian Barker, territory trading manager, Ramsden International. PHOTO courtesy: T&T British High Commission

In early January, the Office for National Statistics stated the United Kingdom economy grew by 1.9 per cent in 2013, the strongest growth since 2007. Now that the economy is on an uptick, investors there are looking for opportunities in the T&T and the Barbadian markets.

 

Last week, the British Caribbean Chamber of Commerce and the UK Trade and Investment Office of the British High Commission in T&T hosted English companies from the food and beverage and automotive sectors on a market visit to this country during the period January 28-31. 

 

The Business Guardian spoke to these investors last week Wednesday at the British High Commission, Elizabeth Street, St Clair. 

 

Andrew Chard, spokesperson for Caribbean Trading Ltd, said the brands the Waitrose chain of supermarkets offers are already present in this market, but some products are not selling well. 

 

“Waitrose is a supermarket chain in the UK with 300 stores and we’ve now got a range of their products represented in Hi-Lo Food Stores. So I would be working with them particularly on this trip to see whether we can broaden our range. We will be doing some analysis on things that we have sold, things that haven’t gone so well and introducing lines to complement the things that are doing well.”

 

The Waitrose brand, according to Chard, stands for “excellent quality food products and value for money”.