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Phone: +58 (212) 263.1820 / 265.2433/ 236.1940, Fax: +58 (212) 263.9119, info@alboradavenezuela.com
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Trinidad & Tobago
History & Economy
History
The first settlers in Trinidad and Tobago are reported to have been two Amerindian tribes, the Arawaks and the Caribs, though new research has provided a number of alternative narratives. After Columbus landed on Trinidad in 1498, Trinidad remained a neglected outpost of the Spanish empire until the late 18th century; an influx of French Catholic settlers and their African slaves, and the subsequent capture by the British in 1797, changed the island's destiny. During the 19th century, laborers were imported from several parts of the world, notably India.
Tobago was fought over by the Dutch, French, Spanish, and British, as well as settlers from Latvia, buccaneers and others, well into the 18th century, but was controlled primarily by the British from 1762.
Trinidad and Tobago became a single political entity in 1888. Since, independence from Great Britain in 1962 Trinidad and Tobago has been a parliamentary democracy. In 1976, Trinidad and Tobago became a republic within the Commonwealth. In 1980, the Tobago House of Assembly was re-established.
Trinidad and Tobago is the Caribbean's strongest economy. Unlike most Caribbean islands, Trinidad has a large industrial sector, including manufacturing and heavy industry. The energy sector, which includes oil, natural gas and petrochemicals accounts for 70% of the country's exports. Tourism, mainly concentrated in Tobago, and agriculture are also central components of the economy.
The first settlers in Trinidad and Tobago are reported to have been two Amerindian tribes, the Arawaks and the Caribs, though new research has provided a number of alternative narratives. After Columbus landed on Trinidad in 1498, Trinidad remained a neglected outpost of the Spanish empire until the late 18th century; an influx of French Catholic settlers and their African slaves, and the subsequent capture by the British in 1797, changed the island's destiny. During the 19th century, laborers were imported from several parts of the world, notably India.
Tobago was fought over by the Dutch, French, Spanish, and British, as well as settlers from Latvia, buccaneers and others, well into the 18th century, but was controlled primarily by the British from 1762.
Trinidad and Tobago became a single political entity in 1888. Since, independence from Great Britain in 1962 Trinidad and Tobago has been a parliamentary democracy. In 1976, Trinidad and Tobago became a republic within the Commonwealth. In 1980, the Tobago House of Assembly was re-established.
Trinidad and Tobago is the Caribbean's strongest economy. Unlike most Caribbean islands, Trinidad has a large industrial sector, including manufacturing and heavy industry. The energy sector, which includes oil, natural gas and petrochemicals accounts for 70% of the country's exports. Tourism, mainly concentrated in Tobago, and agriculture are also central components of the economy.
Economy
Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region. The twin-island has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America. Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning.
The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands.
