%0 Generic
%A Shik, Olga
%A Boyce, Rachel
%A De Salvo, Carmine Paolo
%A Egas, Juan José
%E Perez, Darrel
%T Analysis of Agricultural Policies in Trinidad and Tobago
%D 2018
%8 2018-05-03
%X Although the agricultural sector contributes only 0.5% to Trinidad and Tobago’s GDP, it accounts for over 4% of employment and is important for the diversification of the economy. The Government of Trinidad and Tobago supports agriculture through a combination of incentives to agricultural producers, support for research and infrastructure, and border protection measures. Support to producers averaged 22.4% of gross farm receipts in 2013-2015, and a significant share of that support (44%) was provided in the form of transfers to general services. At the same time, total transfers arising from agricultural policy amounted to only 0.34% of the national GDP. Reorienting agricultural policy towards goals and actions that are less production-distorting, and that address agricultural productivity and profitability, will help create a possibly small, but efficient agricultural sector, as well as exploit certain specific competitive advantages.
%R 10.18235/0001101
%U https://doi.org/10.18235/0001101