The Trinidad & Tobago Manufacturers’ Association, via the TTMA-Legislative Committee , continually monitors and evaluates legislation that will affect its membership explicitly, proposes policies that are specific to the growth of the manufacturing sector, and seeks to ensure a faster response time from state agencies of its members’ needs.
This approach is to ensure that strategies are developed in partnership with Government and State Agencies to guarantee a more enabling environment toward increased global competitiveness of local businesses thereby creating the sustainable development of the local economy. The process involves gaining proper feedback from the TTMA Membership to give current and relevant information to formulate positions in the interest of the Manufacturing Sector.
The TTMA Secretariat also reviews the Parliamentary Order Paper on a regular basis to glean which pieces of legislation or policy may be matters of potential interest, concern or may have an impact on the development of the business community. They are also constantly engaged with the relevant Ministries and Governmental Agencies in an effort to solving all issues related to regulation, legislation, and policy. This is in an effort to keep our members informed on business trends and developments.
Pieces of Legislation and Policies currently under review are inclusive of the following:
- Public Procurement and Disposal of Public Property Bill
- Beverage Container Bill
- Trinidad and Tobago Revenue Authority Bill
- Budgetary Policies such as the Amendment of VAT Legislation to ensure more efficient VAT refund system
Some of the mechanisms for information dissemination include seminars, workshops, and the TTMA's bi-annual publication The Manufacturer.