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Bilateral trade totalled $750 million in 2022 between the two nations. Canada's exports to Trinidad and Tobago amounted to $705 million and included oil, mineral ores, machinery, and food products. Canada imported $330 million worth of goods from Trinidad and Tobago in 2022 which included organic chemicals and Food Products.
In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
Modern Trinidad and Tobago maintains close relations with its Caribbean neighbours and major North American and European trading partners. As the most industrialized and second-largest country in the English-speaking Caribbean, Trinidad and Tobago has taken a leading role in the Caribbean Community (CARICOM), and strongly supports CARICOM economic integration efforts.
The All Trinidad Sugar and General Workers' Trade Union (ATSGWTU) is a trade union in Trinidad and Tobago.It was founded in 1937 (as the All Trinidad Sugar Estates and Factory Workers Union by the first President General Adrian Cola Rienzi) to represent workers in the sugar industry, but expanded its scope in 1978 to include workers in a variety of sectors.
Since the liberalization of Canada's immigration laws in the 1960s immigration from the Caribbean has increased dramatically. As of 2001, of Canada's 783,795-strong Black population (2.5% of Canadian population) nearly 40% have Jamaican heritage, [15] and an additional 32% have heritage elsewhere in the Caribbean or Bermuda. [16]
Trinidad and Tobago houses one of the largest natural gas processing facilities in the Western Hemisphere. The Phoenix Park Gas Processors Limited (PPGPL) natural gas liquids (NGL) complex is located in the Port of Savonetta. It has a processing capacity of almost 2 billion cubic feet (Bcf) per day and an output capacity of 70,000 barrels per ...
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