Trinidad and Tobago

Abstract

Wikipedia Country Information

Trinidad and Tobago ( ( listen); ), officially the Republic of Trinidad and Tobago, is a twin island country that is the southernmost nation in the Caribbean. It is situated 130 kilometres (81 miles) south of Grenada off the northern edge of the South American mainland, 11 kilometres (6.8 miles) off the coast of northeastern Venezuela. It shares maritime boundaries with Barbados to the northeast, Grenada to the northwest, Guyana to the southeast, and Venezuela to the south and west.
The island of Trinidad was a Spanish colony from the arrival of Christopher Columbus in 1498 until Spanish governor Don José María Chacón surrendered the island to a British fleet under the command of Sir Ralph Abercromby in 1797. During the same period, the island of Tobago changed hands among Spanish, British, French, Dutch and Courlander colonizers more times than any other island in the Caribbean. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of Amiens as separate states and unified in 1889. Trinidad and Tobago obtained independence in 1962 and became a republic in 1976.
As of 2015, Trinidad and Tobago had the third highest GDP per capita based on purchasing power parity (PPP) in the Americas after the United States and Canada. It is recognised by the World Bank as a high-income economy. Unlike most of the English-speaking Caribbean, the country's economy is primarily industrial with an emphasis on petroleum and petrochemicals. The country's wealth is attributed to its large reserves and exploitation of oil and natural gas.
Trinidad and Tobago is known for its Carnival celebration and as the birthplace of steelpan drums, the limbo, and music styles such as calypso, soca, parang, chutney, cariso, extempo, kaiso, pichakaree, and rapso. It is also famous for its Indo-Caribbean cuisine, for example the curry chickpea flatbread sandwiches known as doubles.


Summary
Instruments ratified: 117 / 282
World Average Ratifications: 114 / 282
Ratification rate: 41.73%
World Average Rate: 41.25%
Weighted score: 46.47%
World Average Weighted Score: 41.25%
World rank: 81 / 194
Caribbean rank: 1 / 13
Caribbean Avg. Ratifications: 100 / 282
Developing country rank: 31 / 87
Developing country Avg. Ratifications: 109 / 282
Small island developing States rank: 3 / 37
Small island developing States Avg. Ratifications: 86 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce2/3 (66.67%)66.67%18.00%2Strong
Franchising0/10.00%0.00%1Average
Leasing/Factoring0/20.00%5.00%13Weak
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods0/50.00%25.00%89Weak
Travel contracts0/10.00%3.00%7Weak
Total214.49%9.00%37Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification0/30.00%78.00%153Weak
Customs Cooperation0/60.00%26.00%117Weak
Exemption from Duties6/9 (66.67%)74.07%30.00%18Strong
Temporary Admission6/11 (54.55%)64.71%28.00%31Strong
Transit0/40.00%28.00%98Weak
Total1245.65%31.00%54Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration1/6 (16.67%)25.00%32.00%86Weak
Judicial cooperation1/5 (20.00%)26.32%36.00%76Weak
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total220.00%29.00%95Weak
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy0/20.00%25.00%50Weak
Flora and fauna9/10 (90.00%)93.48%68.00%4Strong
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea12/26 (46.15%)54.35%46.00%78Strong
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total3070.83%61.00%57Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total00.00%12.00%117Weak
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption1/4 (25.00%)41.67%50.00%92Weak
Cultural Property2/4 (50.00%)50.00%54.00%61Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total869.23%68.00%86Weak
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights6/7 (85.71%)85.71%96.00%143Weak
Labour Standards2/8 (25.00%)25.00%86.00%175Weak
Total853.33%91.00%175Weak
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution0/10.00%39.00%77Weak
International Trade Law 7/10 (70.00%)70.00%73.00%84Weak
Trade support institutions3/6 (50.00%)50.00%51.00%82Weak
Total1058.82%63.00%99Weak
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting0/10.00%47.00%93Weak
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs1/2 (50.00%)37.50%31.00%64Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights2/3 (66.67%)61.54%46.00%73Strong
Origin0/30.00%14.00%51Weak
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks3/6 (50.00%)40.91%33.00%63Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total1456.84%42.00%60Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources1/1 (100.00%)100.00%24.00%1Strong
Timber1/1 (100.00%)100.00%31.00%1Strong
General1/1 (100.00%)100.00%92.00%1Weak
Total3100.00%53.00%1Strong
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport3/7 (42.86%)52.38%59.00%110Weak
Aircrafts and civil aviation 5/9 (55.56%)76.00%74.00%80Weak
Maritime shipping and load lines 11/13 (84.62%)94.29%66.00%11Strong
Maritime transport4/12 (33.33%)33.33%27.00%55Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport0/40.00%31.00%86Weak
Space1/4 (25.00%)16.67%40.00%103Weak
Telecommunications1/2 (50.00%)16.67%47.00%102Weak
Total2549.32%50.00%104Weak
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General0/40.00%30.00%113Weak
Total00.00%30.00%113Weak
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements0/20.00%18.00%45Weak
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total145.45%47.00%45Weak
 
Strengths and Weakness
Strong
ContractsE-commerce
CustomsExemption from Duties
CustomsTemporary Admission
Environment and productsChemicals
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsMaritime and Law of the Sea
Good Governance Organized crime
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsLeasing/Factoring
ContractsProcurement
ContractsSale of Goods
ContractsTravel contracts
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsTransit
Dispute resolutionArbitration
Dispute resolutionJudicial cooperation
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsEnergy
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Finance, payments and insolvencyInternational guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyIntegrated circuits
Intellectual propertyOrigin
InvestmentsInvestment guaranty
ProductsGeneral
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
Instruments ratifications

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