The Trinidad and Tobago Chamber of Industry and Commerce has reaffirmed that its members regard Caricom as a critical economic partner, amid renewed public scrutiny of relations between Trinidad and Tobago and the regional bloc.
In a media release, the Chamber said Caricom “remains an essential source of growth, market diversification, and foreign exchange earnings” for local businesses across manufacturing, services, and non-energy exports.
It added that Trinidad and Tobago enterprises have “deep and longstanding commercial ties throughout the region, including established customers, supply chains, employees, and physical investments,” noting that Caricom remains the country’s second-largest trading partner outside of the United States.
The Chamber also highlighted Trinidad and Tobago’s role within the regional grouping, saying the country “has consistently played a constructive and influential role in advancing regional trade and economic cooperation.”
The comments come amid controversy following recent remarks by Prime Minister Kamla Persad-Bissessar questioning aspects of Caricom’s effectiveness. The Prime Minister said, “Caricom is not a reliable partner at this time. The fact is that beneath the thin mask of unity, there are many widening fissures that, if left unaddressed, will lead to its implosion.”
Those remarks prompted concern across the region, with several Caricom leaders warning against actions that could undermine regional unity and cooperation.
Addressing the issue, the T&T Chamber said it does not view the Prime Minister’s comments as signalling any departure from Caricom.
“The T&T Chamber does not interpret the recent public comments by Prime Minister Kamla Persad-Bissessar as any indication of a withdrawal from Caricom,” the organisation said.
Instead, the Chamber said the discussion underscores “the ongoing need to ensure that regional integration evolves in a manner that balances cooperation with respect for national sovereignty, security considerations, and domestic policy space, while remaining firmly anchored in shared regional economic objectives.”
Yesterday, Caricom secretary-general Dr Carla Barnett called for deeper regional unity, saying, “As we reflect on the challenges the Caribbean has faced this year, they have reinforced the value of regional integration and the need for unity and collective action to safeguard peace and resilience across the Community.”
From the business community’s perspective, the Chamber said certainty remains paramount. “From the T&T Chamber’s perspective, the priority remains continuity and predictability,” the release said.
It added that businesses are focused on “sustained market access, efficient trade facilitation, and reliable transport and logistics linkages across the region,” noting that these fundamentals are critical for long-term planning and competitiveness. “It is, therefore, our hope that these discussions do not result in unintended disruptions to regional commerce,” the Chamber said.
The organisation reaffirmed its commitment to the regional integration process, saying it remains “committed to supporting a stable, rules-based, and predictable regional framework that enables businesses to operate, invest, and grow.”
“We reaffirm our support for Caricom and for continued efforts to strengthen regional integration in a way that delivers practical, measurable benefits for Trinidad and Tobago and our Caribbean partners alike,” the Chamber said.
