T&T unemployment at five per cent —Trade Minister

(Trinidad Guardian) Although there are some hurdles to the ease of doing business in T&T, Trade Minister Vasant Bharath says the country experienced positive growth during the period 2012-2013. Inflation has been reduced, unemployment rate currently stands at five per cent and the Heritage and Stabilisation Fund has increased from US$3.62 billion to US$4.7 billion.

The minister, who delivered the inaugural address at the Third Annual Business Forum hosted by the High Commission of India, in collaboration with the Trinidad and Tobago Chamber of Industry and Commerce (TTCIC) and invesTT on Wednesday, said that there are ten indicators of the ease of doing business, one of which is starting a business. He said after consultations and meetings with relevant ministries and agencies, the length of time to start a business has been reduced from 43 to three days.