Economic Diversification

Rebuilding a National Movement of Excellence, Participation, and Pride

The UNC is committed to transforming sports in Trinidad and Tobago by improving infrastructure, talent development, and national participation. Our goal is to create a thriving sports ecosystem where every citizen, from grassroots athletes to elite competitors, has access to the resources and support needed to succeed.

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Understanding the UNC Commitment

Our Commitment

The United National Congress (UNC) recognizes that the economic future of Trinidad and Tobago depends on strategic diversification. With the decline of the Oil & Gas boom, it is imperative that we identify and cultivate new revenue-generating industries. One such industry, underutilized yet full of potential, is yachting and maritime services.

The UNC proposes the development of a world-class Yacht Service, Maintenance, and Boat-Building Hub in Chaguaramas—an initiative that leverages our ideal geographic location, skilled workforce, and existing maritime infrastructure to create thousands of jobs and stimulate new economic activity.

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Why Invest in Yachting?

Global Yachting Industry Value

The global recreational boating industry is a high-growth market, valued at over $29 billion in 2022 and projected to reach $42 billion by 2028. This industry is expanding rapidly due to increasing demand for yacht services, luxury travel, and marine tourism. Trinidad and Tobago has the opportunity to tap into this multi-billion-dollar sector by providing world-class yacht maintenance, repair, and boat-building services.

Caribbean Yachting Traffic

Every year, approximately 50,000 yachts transit through the Caribbean, with a significant number passing near or through Trinidad and Tobago’s waters. These vessels require essential services such as maintenance, refueling, and repairs, creating a massive economic opportunity. By positioning itself as the preferred yachting service hub in the region, Trinidad and Tobago can attract high-value clients and generate substantial foreign exchange earnings.

Trinidad’s Strategic Advantage

Trinidad and Tobago holds a natural geographic advantage in the Caribbean yachting industry. Being located outside the hurricane belt, it serves as a safe harbor for yacht owners seeking shelter during storm seasons. Chaguaramas already has an established yachting culture, with existing marinas, haul-out facilities, and a skilled workforce specializing in marine services. Additionally, its proximity to South America and the wider.

Our Vision for Economic Transformation

Position Chaguaramas as the Maritime Capital Develop a High-Value Export Industry in Boat-Building & Engineering Create 3,000+ Jobs in Technical & Service Fields Integrate Local SMEs into the Global Yachting Industry

Understanding the Future with Strategic Policies

Building a Stronger Future with Strategic Policies

A nation’s growth depends on its skilled workforce. By investing in marine engineering, fintech, AI, aviation, and advanced manufacturing, Trinidad & Tobago is creating new opportunities for professionals and entrepreneurs. With specialized training programs, certifications, and global partnerships, the workforce will be equipped to meet industry demands and contribute to national progress. Innovation, expertise, and skill development will drive the country towards a sustainable and competitive future.

Diversified Economy for the Future

Building a Diversified Economy for the Future of Trinidad and Tobago

Safety and security are the foundation of a thriving nation. Our manifesto proposes comprehensive police reform, better training, and modern crime-fighting tools to restore public trust in law enforcement. Community safety programs will be expanded to create safer neighborhoods and reduce violence. We are committed to protecting every citizen while addressing the root causes of crime. Together, we will build a nation where every family feels safe and secure.

A Vision for a Stronger, Diversified Economy

The UNC is committed to building a diversified economy that will reduce Trinidad and Tobago’s reliance on oil and gas. By investing in key sectors like yachting, technology, renewable energy, and aviation, the country will establish itself as a modern, sustainable economy capable of competing globally. These strategic investments will create new jobs, attract foreign investment, and increase the country’s foreign exchange earnings. The vision for a prosperous future includes developing a well-rounded economy with thriving digital, aviation, and trade sectors. The UNC is ready to lead Trinidad and Tobago into the next phase of growth and innovation.

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Policy Focus

Driving Technological and Infrastructure Innovation

The UNC’s policy focuses on developing strategic zones near universities and research facilities to foster innovation and attract international investors. By offering tax holidays, R&D incentives, and fast-track work permits, the government aims to create an ecosystem conducive to business growth in priority sectors such as Artificial Intelligence, biotech, fintech, and renewable energy. These sectors will not only diversify the economy but also position Trinidad and Tobago as a regional leader in digital and technological innovation. By prioritizing these industries, the country will be well-equipped to compete in the global market, creating a thriving business environment that attracts high-tech investment and knowledge-based jobs.

Economic Impact

The Economic Transformation: Jobs, Investments, and Growth

The UNC’s focus on technology, renewable energy, and advanced sectors will transform the country’s economic landscape. By attracting high-tech investment and creating knowledge-based jobs, Trinidad and Tobago will foster a skilled workforce capable of competing on the global stage. This shift will diversify the economy, reducing vulnerability to oil price fluctuations. As a result, the country will not only increase foreign exchange earnings but also build local talent that can contribute to the global economy. The impact of these policies will be felt across various sectors, including finance, technology, and logistics, creating sustainable job opportunities and supporting long-term growth.