TRINIDAD AND TOBAGO

Logistic and forwarding services in Trinidad and Tobago

Trinidad and Tobago

Capital City
Port of Spain

Population
1,33 Mio. (est.)

National languages
English

Currency
Trinidad and Tobago Dollar (TTD)

Gross national product (GNP)
USD 29,6 Mrd. (est.)

GNP per person
USD 21’934 (est.)

Financial exports to Switzerland
CHF 8,8 Mio.

Financial imports from Switzerland
CHF 0,8 Mio.

Bilateral relations Switzerland–Trinidad and Tobago

Relations are good, but not very intensive.

Economic cooperation

In 2015 Switzerland imported goods worth nearly CHF 1.55 million, mainly chemical products.  Exports to Trinidad and Tobago amounted to CHF 6.61 million, primarily pharmaceuticals and machinery.

 

Business language

English.

Dimensions and weights

Metric system.

Currency

1 Trinidad and Tobago Dollar (TT$) = 100 Cents (with a fixed exchange rate to the USD).

ISO code: TTD

Customs tariff

Harmonised system, customs clearance based on the transaction value.

Import control

Licensing system. Many goods can be imported without restrictions under an Open General Licence. There is a Special Licence for certain goods, a negative list (including live animals, certain plants and plant parts). Prepared by the Customs Bureau and the Ministry of Industry and Trade. The goods must arrive before the licence expires. The import of weapons, munitions and narcotics is prohibited.

Import licences are generally valid for six months; the goods must arrive during this period.

Standard VAT rate: 15%

The TTD is released. There are no limits on the procurement of foreign currencies.

Terms of payment and tenders

The standard method of payment is sight draft; presentation on arrival of the goods. Letters of credit are only opened for special manufacture.

Where possible tenders should be in USD CIF Port-of-Spain or FOB European ports of departure.

Tenders in English

Designations of origin

No special regulations known; clear labelling.

Marking/labelling

Note: the Trinidad and Tobago Bureau of Standards has passed regulations stating that imported goods must comply with certain standard regulations. These relate primarily to the information on the labels and cover pre-packed goods, clothing, general textiles and shoes. The Food and Drug Regulations must be complied with for foods and medicinal products. Beer is not subject to special packaging regulations but the labels must include the following information: beer type (light, dark, Pils etc.), net content, name and address of the manufacturer. Each delivery must include a purity certificate.

Packaging

Choose tropicalised packaging; container packaging advisable. According to the ISPM 15 standard, imported packaging material made of wood must be treated and labelled in accordance with the criteria set out in the ISPM, regardless of the country of origin.

Product samples

Samples with no retail value can be imported duty free.

Shipping and accompanying documents

Standard and:

a) Commercial invoices, 2 copies, in English, where possible the ECE Layout Key is recommended, extensive information on the prices, customers, suppliers etc.; the following declaration must be made at the end of the invoice (the position of the signatory within the company must be indicated): “It is hereby certified that this invoice shows the actual price of the goods described, that no other invoice has been or will be issued and that all particulars are true and correct”.

b) Certificates of origin are required.

c) Proof of preferential status:

EUR.1 (issued by the customs office)

Declaration of origin on the invoice:

– for each exporter up to a value of EUR 6.000

– “authorised exporters” – no limit

Wording of the declaration of origin: “The exporter of the products covered by this document (customs authorization No …) (1) declares that, except where otherwise clearly indicated, these products are of … (2) preferential origin”. If the declaration on the invoice is made by an authorised exporter, the permit number of the authorised exporter should be entered under (1). If the declaration on the invoice is not made by an authorised exporter, the words in brackets can be left out or the gap left empty. (2) The origin of the products must be indicated. If the statement on the invoice relates in full or in part to products originating in Ceuta and Melilla, the exporter must make the short description “CM” clearly visible.