You are here
UK’s growing economy good for T&T’s investment prospects
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”.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff. Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Please help us keep out site clean from inappropriate comments by using the flag option.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments. Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.