Tricia Coosal as been appointed as the new President of the Trinidad and Tobago Manufacturers Association.
Coosal’s appointment as the 65th President, was confirmed at the TTMA’s Annual General meeting at the Hyatt on Wednesday.
She succeeds Franka Costello as President, becoming the association’s third female president since its inception in 1956.
Coosal had served as Costello’s Vice President for the past two years.
Coosal, an Executive Director of Finance and Administration at the Coosal’s Group of Companies, has been a Director with the TTMA for the past 4 years and also serves as chair of the Legislative Committee and is Vice Chair of the Infrastructure Committee.
While addressing the TTMA membership yesterday Coosal said, “To you the business community, in my capacity as President, I am committed to ensure an enabling environment is created. This allows for trade to prosper and grow, our manufacturing industry to expand and operate in a less than optimal environment, for the non-energy manufacturing sector to realize its potential to expand exports and to assist in the diversification policies of the government.”
Coosal also thank former President Costello and gave her commitment to work with the Minister of Trade and government of Trinidad and Tobago to improve the ease of doing business while also outlining anticipated challenges such as illicit trade and port issues.
In her address at the AGM, Minister of Trade Paula Gopee-Scoon similarly acknowledged the need to improve the ease of doing business in Trinidad and Tobago, noting it was among the transformative measures highlighted in the roadmap for recovery.
“In February 2021, Cabinet approved 61 Business Process Re-engineering (BPR) recommendations to improve the ease of doing business in Trading across Borders,” said Gopee-Scoon, who said this would be done over the course the next six months through the implementation of various measures including the introduction online payments via TTBizLinK and Customs e-services, an audit of operations to increase efficiency in the Customs and Excise Division as well as the implementation of a Port Community System (PCS) to allow secure exchange of information between public and private stakeholders along the port and logistics supply chain.
Minister Gopee-Scoon also stressed it was important to increase exports particularly after the challenges faced during the pandemic.
“Our trade related support institutions must be transformed. Accordingly, under the EBI resources have been made available for the Institutional Strengthening of EXPORTT and TTMA,” said the Minister.
“The objective is to transform and modernize exporTT into a leading export promotion agency.” she added.