Home' Trinidad and Tobago Guardian : July 6th 2017 Contents JULY 6 • 2017 guardian.co.tt BUSINESS GUARDIAN
NEWS | BG5
Taking T&T to the world
The Trade and Investment Con-
vention (TIC) 2017 will con-
tinue to open new opportuni-
ties for local companies said
Christopher Alcazar, presi-
dent of the Manufacturers'
He added that this is important at a time
where the country needs to diversify the econ-
omy and earn new avenues of foreign exchange.
"TIC is the biggest trade show of its kind
in the region and serves as a vehicle for other
regional and international entities to show-
case and be seen in a larger forum. It helps to
create opportunities for our members so they
can meet new/potential buyers. This will al-
low them to have opportunities to explore new
markets with hope of increasing exports which
will lead to earning greater foreign exchange for
our economy," he told the Business Guardian
in an email on Monday.
TIC takes place from today to July 9 and
more than 10,000 people are expected to be
present at the international trade show.
This year there will be more than 275 exhib-
itors at the show with over 210 booths.
This year's TIC theme is: "From T&T to the
World" with the event entering its 18th year.
Alcazar said that oil prices may never return
to the pre-2014 range and so companies need
to develop new streams of income.
"Our nation has traditionally depended on
the revenue generated by the oil and gas econ-
omy. However, due to a downturn---and many
predictions pointing to never again attaining
the levels of revenue which we were used to
earning---the manufacturing sector has no
choice but to play an integral role in the di-
versification effort. Through forums such as
TIC, we will have an opportunity to showcase
our products and services to the rest of the
world. Hence this year's TIC theme: From T&T
to the World.
He also said business connections would be
made, meetings will be held and meaningful
progress will be made in the effort to drive
"Exporting more will mean that we as
manufacturers will play our part in earning
much-needed foreign exchange for T&T's
economy. When this happens this will aid to
set our country on the path to recovery."
Alcazar said it is also an opportunity for the
local consumers to evaluate how the products
of local companies are doing on the market.
In some cases, exhibitors are launching
new products thus it is an ideal opportunity
for market research.
"The show also provides opportunities to
learn about new markets via the numerous
seminars we are having. One such seminar
is Doing Business with the European Union
(EU), where we have the European Commis-
sion coming and doing a free seminar on doing
business with Europe. You do not have to be an
exhibitor to be part of this process. You can sign
up for free to take part in this seminar. Spaces
are limited so individuals and companies are
encouraged to sign up early. For registration to
the TIC, visit www.ttma.com/tic and register."
Alcazar said some of the exhibitors are the
usual supporters such as SM Jaleel, Nestle and
New to the show this year is an automotive
industry section which will host companies
such as the National Gas Company (NGC),
Massy, Race Track Company and Rainworks
There will also be smaller businesses and
companies taking part.
"We also have other smaller exhibitors but
powerhouses in their own right such as Shazam
Industries and Trinidad Chocolate Factory. To-
bago has a pavilion for their smaller producers
and talented craft contingent," he said.
Exhibitors from the Caribbean---Jamaica,
Suriname, Barbados, St Lucia, Guyana and
Grenada---will also be participants of the
Regional exhibitors will come from Costa
Rica, Panama, Peru, Cuba, Dominican Repub-
lic, USA and Canada.
Alcazar spoke about large delegations com-
ing from Latin American countries like Ven-
ezuela and Cuba.
"We also hope to have more than 200 in-
ternational buyers present. We have a large
delegation coming from Cuba and Venezue-
la. Buyers are also coming from the USA, the
Caribbean and Latin and Central America. We
would really like to get business transacted on
the days of the show and it is our hope that
some of our members would be able to find
new market opportunities and/or investment
He added that they are facilitating more than
200 business-to-business meetings on today
"Furthermore, we seek to add value to par-
ticipants by facilitating seminars during the
business days. This year we have many exciting
seminars, most of which simply require reg-
istration with the host organisation." Alcazar
He concluded by saying that the trade show
is about creating value for their members.
"Thus, ultimately, once value can be created,
possibly through new markets or exposure to
clients (local and international) or perhaps us-
ing the show to launch products in addition to
being introduced to new suppliers and distrib-
utors, it is important to achieve added value."
PHOTOS: ANDRE ALEXANDER
TIC turns 18
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