A major airline has declined to launch direct flights to Tobago and the US Nucor steel manufacturing giant has also rejected the Government’s offer to expand local investment due to crime, says Trade Minister Satyakama Maharaj.
Maharaj stressed that the Home Invasion (Self-Defence and Defence of Property) Bill is necessary to secure investment.
“For those who say this legislation is draconian, this is what we want to show the local population and investors - that we’re taking a hardline, serious approach to crime,” Maharaj said during Tuesday’s debate on the bill.
Maharaj said the legislation is not only timely, but also essential.
“It reaffirms one of the most sacred principles of our society: the sanctity and security of the home. If citizens cannot feel safe in their own homes, suffice to say - very little else in a society will function as it should.”
Maharaj listed crime statistics, including home invasions, over the past decade.
“Behind these numbers are real families and real trauma,” he added, detailing how citizens are traumatised.
He cited two incidents this week involving two employees at his past workplace and also certain people at his current workplace.
“The economic and social costs are staggering. Crime costs T&T billions annually in security expenditures and lost opportunities. Tourism revenues suffer by more than $200 million annually and investor confidence is undermined.”
Maharaj said at the Trade Ministry, one of the first realities he confronted was that non-energy exports accounted for only 30 per cent of T&T’s export earnings.
He said officials meet weekly to deal with this.
Maharaj added, “Recently, while on private business in the US, I took the opportunity to advance this agenda. I met with senior executives of a major airline, trying to encourage them to consider having direct flights to Tobago.”
He said he outlined many compelling advantages – T&T’s pristine natural assets, the growing tourism interest from North America and Europe, improved airport facilities and Government’s commitment to developing Tobago as a world-class tourism destination.
“The executives were visibly impressed ‘cause I can mesmerise anyone. They all nodded. And I say, ‘this is a win!’”
But he said when it was their turn to respond, “Their primary concern was the crime situation in TT. I was crestfallen.”
Maharaj added, “On that same trip, I arranged a meeting with the vice chairman of Nucor, a major local investor and critical player since steel products represent our single largest non-energy export category. I tried encouraging them to consider expanding operations in Trinidad, supported by the ministry’s extensive incentives.
“But when they got up to speak, first thing out of their mouth was the brutal murder of one of their employees in Trinidad, which has the company in America traumatised today. They begged to decline my offer.”
Maharaj added, “This is what we’re facing. These two encounters, in tourism and investment, reinforce the sobering truth: all our efforts in economic growth and diversification, our strategies, our targets can be undermined, and are being undermined if we fail to address the crime situation decisively.
“Investors will not risk their capital. Airlines will not risk their passengers. Visitors will not risk their safety.
“If we want to transform T&T into a truly diversified, competitive and globally respected economy, we must demonstrate clearly and unequivocally that we’re taking a hard-line, results-driven approach to confronting crime.”
Giving an example, he took responsibility for insisting on huge penalties for illegal gambling, which he said disappeared after the draconian measures.
“Illegal gambling is bigger than drugs.”
Maharaj said domestic and foreign investors consider security and rule of law when deciding where to put their money.
“If home invasions and violent robberies are rampant, what message does that send to a potential investor or a skilled expatriate thinking of relocating? It signals instability and risk.”
Maharaj noted the business community’s concerns that crime is a major deterrent to entrepreneurship and is seriously affecting business and investment decisions.
He cited Guardian Holdings’ CEO recounting cases where investors chose other countries over TT because they didn’t want staff living and working here.
“This bill sends a clear message: our homes are our sanctuaries, and any violation of that sacred space will be met with the full force of the law.”
