T&T’s services sector has the potential to tap into international markets worth trillions of US dollars and increase the country’s foreign exchange revenue, Permanent Secretary in the Ministry of Trade, Frances Seignoret, said yesterday.
Speaking on behalf of Trade Minister Paula Gopee-Scoon at the T&T Coalition of Services Industries’ (TTCSI) 10th Anniversary Interfaith Thanksgiving in Woodbrook, Seignoret said: “We are particularly heartened by international trends which show opportunities in areas of health and wellness estimated at US $160 billion, medical tourism estimated at US $50 billion, creative industries estimated at US $140 billion, ICT services estimated at US $1.4 trillion and professional services estimated at US $1.4 trillion.”
Seignoret said T&T’s National Development Strategy 2016-2030, more commonly referred to as Vision 2030, highlighted that globalisation and technological advancements will further shift economic activities from production of goods to creation of services.
She said this requires 21st century skills, including technological know ow and becoming multilingual and multi-skilled.
TTCSI President Angela Lee Loy said the organisation, established in 2006, had been the voice of the services sector in the country.
She said it was also one of the most important regional advocates for development of the services sector.
