Crime

Trade and Industry minister for the twin islands of Trinidad & Tobago, Minister Vasant Bharath, recently reported that the significant presence of crime in the country’s society has not deterred foreigners from investing in the nation’s development.

“I believe there are many countries in the world with high crime rates and that doesn’t preclude them from getting and attracting business. I’m not saying it doesn’t matter because clearly it does and is brought up by foreign direct investors, but we have many other pluses. We haven’t encountered any investors who say they aren’t coming because of crime, so it’s not the militating factor. But the issue is how we can deal with it,’’

The country’s capital, Port of Spain, is currently being evaluated by Chinese engineers to determine the feasibility of an upgrade that will facilitate greater trading opportunities.

Crime and violence is no doubt a menace to any country’s development and growth. How long do you think it will take for crime to start scaring foreigners away from investing in a diversified economy such as Trinidad & Tobago?

Trinidad and Tobago Minister of Trade and Industry, Vasant Bharath, has expressed that he is not convinced that potential foreign direct investors are fleeing from the islands because of the high crime rate.

He supported his stance explaining that many countries around the world also have high crime rates but this has not affected those territories from benefiting from investments.

Nevertheless, he acknowledged that the issue of crime is not something to be ‘swept under the carpet’ as it is indeed a problem. However, he distinctly swept away claims that crime could prevent the foreign direct investments. And rightfully so.

Fact is, Trinidad has some unique natural resources that automatically attract potential investors. Either they choose to not invest, or put protective measures in place where needed. Or is it that simple?

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It’s well known that there has been an increase in the number of reported cases of scamming over the past few years. There has also been an increase in the number of Jamaican perpetrators involved. Continue Reading →