Anna Henderson has been named as the new president of the American Chamber of Commerce of Trinidad and Tobago (Amcham T&T).
Henderson, who is the CEO of Amaranth Business Solutions Ltd, was officially installed as the 18th president of Amcham T&T at the organisation’s 32nd annual meeting and business forum, held at the Hilton Trinidad and Conference Centre yesterday.
Henderson, who is Amcham T&T’s third female president in the last eight years, replaced Stuart Franco who served as the president of the organisation from 2023.
In her inaugural address as president, Henderson raised foreign direct investment, crime and improved relationships with Customs and Excise Division as some of her key points of focus
She said, “Trade and investment remain our foremost focus. To compete effectively on the global stage, we must re-build the confidence that results in more local re-investment and attract FDI in both the energy and non-energy sectors. This means radically improving the ease of doing business. Our members continue to face burdensome approval processes and outdated systems that hinder growth. For example: Changing the immigration form to a digital process will ease entry at the airport, improve immigration while welcoming all travellers.”
She called on the current administration to address inefficiencies within the Customs as it would be crucial to the ease of doing business.
She said,”We believe that should the Government begin engaging the US Government to share more information on security matters and start the process to make the Piarco International Airport a pre-clearance port - if this is achieved - we can boost our tourism and transportation sectors with massive concurrent boost to the wider economy. More immediately, and all of my recent predecessors have spoken about this, is the need for Customs reform. Standard operating procedures, a true recognition that Customs has three objectives – border security, revenue collection and trade facilitation is imperative. Someone has to bell the cat.”
She continued, “For too long, politicians have been unwilling to find the pathway to collaboration with the Customs leadership and the business sector to bring meaningful, sensible and lasting changes. Streamlining Customs procedures, providing predictability, modernising operations, providing real time data, and increasing transparency are critical steps to reduce delays, lower costs and strengthen T&T’s global competitiveness.
Let’s never lose sight of this. But improving trade is only part of the equation.”
The new Amcham president also felt there was need to review the education system as she pointed to the increase in school violence.
She said, “We should realise that we are at an intersection with the lack of economic opportunity, an outdated and therefore un-interesting curriculum, and an education system that is too rigid and not suited for the world we live in today, far less the one we face in five years. This means we have to do more around practical skills training for youth, upskilling for workers, and incentives for businesses to create opportunities. Instead of lamenting “brain drain,” let’s build an ecosystem that retains and attracts talent for today’s business environment.”
She said crime also required attention as it is left unchecked it would continue to adversely affect T&T’s industries. (PC)