The Minster of Trade, Commerce and Industry Paula Gopee-Scoon has expressed that the government is intently studying ways in which businesses in the country can restart their operations.
In a release by the T&T Manufacturers Association (TTMA), it noted: “The Minister highlighted that while the government was actively looking at allowing all businesses to operate soon, the priority at this time is the preservation of life of the country’s citizens.”
It continued: “The Minister also indicated that the government is focused on MSMEs during this difficult time and is in discussion with parties to offer the best possible solutions to these businesses.”
Gopee-Scoon brought greetings at the TTMA’s cyber Annual Meeting. Also speaking at the meeting was the re-elected president Franka Costelloe who noted that some good has come out of the COVID-19 outbreak.
Costelloe remarked that the overnight shift to technological solutions is a necessary and important step that has been propelled by the current circumstances.
She indicated: “We’ve all had to beat the clock, to find work-from-home solutions, as a responsible and necessary decision to keep business going. Online purchasing capabilities have been critical to keep product moving; and leveraging technology to reduce labour while maintaining productivity, is mandatory.”
Costelloe mentioned that technology is a critical lever for driving growth and export potential in the sector; but noted that more must be done to save businesses and to save jobs.