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    TTMA President Re-elected for another year

    9th May, 2014

    The Trinidad and Tobago Manufacturers’ Association is pleased to announce that Mr. Nicholas Lok Jack has been re-elected to serve as President for a second term in office. Mr. Lok Jack was re-elected at the TTMA’s 58th Annual General Meeting, which took place at the Hyatt Regency Trinidad on Tuesday 6th May, 2014. Minister Howai was the featured speaker and congratulated Mr. Lok Jack on his re-appointment to the post. The Minister also alluded to the fact that he will work to ensure that a sustainable environment will be developed to foster the growth of the manufacturing sector in T&T. He further mentioned that this very important sector is a significant contributor to the economic growth of the nation and will work together with the Association to resolve some of the issues that are deemed to be challenging for the business community.

    In his address, Mr. Lok Jack challenged manufacturers to think innovatively and to constantly be thinking about transformation. He noted “we must always have an understanding of what is occurring in the market space and how we can continue to produce our exceptional products while determining how to keep increasing the added value we create.”
    Mr. Lok Jack stressed the importance of having a government procurement policy that promotes local content. He stated that for far too long local manufacturers have found themselves excluded from supplying their goods as a result of contractual arrangements with foreign suppliers. The TTMA President strongly advocated that once standards are met and local manufacturers have the ability to supply, then priority consideration must be given to them.

    The TTMA president further encouraged member companies to explore extra regional markets. “The economic state of our Caribbean neighbours is not healthy, and we cannot rely on these markets for robust growth in the short to medium-term.” He assured members that the TTMA will continue to build member capacity to understand implications for trading in various countries. “Trading relationships may lead to foreign direct investment in overseas markets. This is an excellent perspective as investment overseas with Trinidadian Capital is an avenue toward diversifying the economy.”

    The TTMA also elected a new Board of Directors at the 58th AGM:
    - Mr. Nicholas Lok Jack (President)
    - Mr. Craig La Croix
    - Mr. Robin Lewis
    - Mr. Robin Phillips
    - Mr. Darren Leigh
    - Ms. Franka Costelloe
    - Mr. Roger Roach
    - Mr. Anthony Farah
    - Dr. Rolph Balgobin
    - Mr. Ashmeer Mohamed
    - Mr. Christopher Alcazar (newly elected)
    - Mr. Travis Ali (newly elected)