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  • 1 year ago
On Wednesday, the Trinidad and Tobago Coalition of Service Industries pulled together stakeholders for a pre-budget discussion.


We share with you some of the highlights.
Transcript
00:00For Angela Leloy, Chairman of AG's Business Solutions Limited, an outsourcing and advisory
00:06service company, human resources will always be your greatest asset.
00:10The people you have, the creativity, the ability to innovate, everything that we spoke about
00:18today is really true human capital. Yes, technology and all of that is important, but that's just
00:25an enabler. If you don't have the people that could think for you, create for you, really
00:32the business is not going to survive.
00:34Sifling Business and T&T has been the inability to access foreign exchange.
00:40It's a killer. The amount of companies or businesses I know have had to close simply
00:46because they cannot access the foreign exchange to continue, it's a killer. I don't know at
00:52what point we'll ever get out of that. But I think that everybody who has a business
00:57has to sit down and put their minds to, what am I going to do to create that foreign exchange?
01:04For the President of the Innovations Association, every organization should have an innovation
01:09management system.
01:10The issue that we have in Trinidad is that we really don't know how to manage innovation
01:14and we really don't know how to set up an innovation management system. But fortunately,
01:20very recently, the world had its first requirement standard for innovation, the ISO 56001.
01:27And it was as soon as last week, Tuesday, it was published. And fortunately, through the Bureau of Standards,
01:32we have started the process to adopt that international standard as Trinidad's national innovation standard.
01:39Local manufacturers, you're put on notice. Dr. Marlene Arts, an economist, is advising
01:46you of the European Union's carbon border adjustment mechanism.
01:51CBAM, which is going to bite countries like Trinidad and Tobago in a very serious way
01:57in parts that we don't wish to be bitten. Because CBAM is the carbon something, something,
02:03something, is a tax carbon border adjustment mechanism, which says essentially, if you
02:11are producing, manufacturing products that use a lot of energy, that impact on the environment
02:19and you export them, people are going to have to pay more for your products.
02:22The objective is to reduce carbon emissions, put a fair price on the carbon emitted during
02:28the production of carbon-intensive goods that are entering the European Union, and also
02:33to encourage cleaner industrial production in non-EU countries.
02:40For more UN videos visit www.un.org
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