Page 45 - PNM General Election 2020 Manifesto

RECOVERY AND THE WAY FORWARD FOR THE NEXT 5 YEARS:

DIVERSIFICATION

incentives, removing impediments to the ease of
To survive in the post Covid-19 environment, doing business, digitising all Government
Trinidad and Tobago must aggressively diversify services, and providing general support to the
its economy. private sector. The industries we will target for
growth include:
The global pandemic has affected the world
economy to the extent that the medium to long • Manufacturing for Domestic Consumption
term outlook for oil and gas commodities is and Export
uncertain and weak. Future demand for other • Export of Energy Services
manufactured products is also uncertain. Covid- • Non-Oil Industry (aluminium, steel,
19 has thus shown us that we can no longer chemicals)
afford to put all our eggs on one basket or pay lip • Construction, including construction
service to economic diversification. materials
• Housing
We must move swiftly to harness local talent and • Environmentally Friendly and Green
capacity to stimulate and develop other Technology
industries and sectors, by providing fiscal

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PNM THE RIGHT CHOICE ON AUGUST 10 People’s National Movement Manifesto 2020