Trinidad and Tobago

Abstract

Wikipedia Country Information

Trinidad and Tobago (, ), officially the Republic of Trinidad and Tobago, is a twin island country situated off the northern edge of the South American mainland, lying just 11 kilometres (6.8 miles) off the coast of northeastern Venezuela and 130 kilometres (81 miles) south of Grenada. Bordering other Caribbean nations to the north, it shares maritime boundaries with other nations including 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 the capitulation of the Spanish Governor, Don José María Chacón, with the arrival of a British fleet of 18 warships on 18 February 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 (remaining separate until 1889) were ceded to Britain in 1802 under the Treaty of Amiens. The country Trinidad and Tobago obtained independence in 1962, becoming a republic in 1976.
Trinidad and Tobago is the third richest country by GDP (PPP) per capita in the Americas after the United States and Canada. Furthermore, it is recognised as a high-income economy by the World Bank. 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 and is the birthplace of steelpan, limbo, and the music styles of calypso, soca, parang, chutney, chutney soca, chutney parang, cariso, extempo, kaiso, parang soca, pichakaree, and rapso. Trinidad and Tobago is famous for its many foods, including the famous 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
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 2/3 (66.67%) 66.67% 18.00% 2 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 0/4 0.00% 3.00% 31 Weak
Sale of Goods 0/5 0.00% 25.00% 89 Weak
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 2 14.49% 9.00% 37 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 0/3 0.00% 78.00% 153 Weak
Customs Cooperation 0/6 0.00% 26.00% 117 Weak
Exemption from Duties 6/9 (66.67%) 74.07% 30.00% 18 Strong
Temporary Admission 6/11 (54.55%) 64.71% 28.00% 31 Strong
Transit 0/4 0.00% 28.00% 98 Weak
Total 12 45.65% 31.00% 54 Strong
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 1/6 (16.67%) 25.00% 32.00% 86 Weak
Judicial cooperation 1/5 (20.00%) 26.32% 36.00% 76 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 2 20.00% 29.00% 95 Weak
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 9/10 (90.00%) 93.48% 68.00% 4 Strong
Foodstuff 2/2 (100.00%) 100.00% 79.00% 1 Strong
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 12/26 (46.15%) 54.35% 46.00% 78 Strong
Protected geographical areas 0/1 0.00% 27.00% 54 Weak
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 30 70.83% 61.00% 57 Strong
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 0/3 0.00% 20.00% 75 Weak
Total 0 0.00% 12.00% 117 Weak
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 2/4 (50.00%) 50.00% 54.00% 61 Weak
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 8 69.23% 68.00% 86 Weak
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 6/7 (85.71%) 85.71% 96.00% 143 Weak
Labour Standards 2/8 (25.00%) 25.00% 86.00% 175 Weak
Total 8 53.33% 91.00% 175 Weak
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 0/1 0.00% 39.00% 77 Weak
International Trade Law 7/10 (70.00%) 70.00% 73.00% 84 Weak
Trade support institutions 3/6 (50.00%) 50.00% 51.00% 82 Weak
Total 10 58.82% 63.00% 99 Weak
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 0/1 0.00% 47.00% 93 Weak
Copyright 3/3 (100.00%) 100.00% 65.00% 1 Strong
Industrial designs 1/2 (50.00%) 37.50% 31.00% 64 Strong
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 2/3 (66.67%) 61.54% 46.00% 73 Strong
Origin 0/3 0.00% 14.00% 51 Weak
Patents 4/5 (80.00%) 85.71% 57.00% 30 Strong
Trademarks 3/6 (50.00%) 40.91% 33.00% 63 Strong
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 14 56.84% 42.00% 60 Strong
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 1/1 (100.00%) 100.00% 24.00% 1 Strong
Timber 1/1 (100.00%) 100.00% 31.00% 1 Strong
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 3 100.00% 53.00% 1 Strong
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 3/7 (42.86%) 52.38% 59.00% 110 Weak
Aircrafts and civil aviation 5/9 (55.56%) 76.00% 74.00% 80 Weak
Maritime shipping and load lines 11/13 (84.62%) 94.29% 66.00% 11 Strong
Maritime transport 4/12 (33.33%) 33.33% 27.00% 55 Strong
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 1/4 (25.00%) 16.67% 40.00% 103 Weak
Telecommunications 1/2 (50.00%) 16.67% 47.00% 102 Weak
Total 25 49.32% 50.00% 104 Weak
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 0/4 0.00% 30.00% 113 Weak
Total 0 0.00% 30.00% 113 Weak
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Customs Exemption from Duties
Customs Temporary Admission
Environment and products Chemicals
Environment and products Flora and fauna
Environment and products Foodstuff
Environment and products Maritime and Law of the Sea
Good Governance Organized crime
Intellectual property Copyright
Intellectual property Industrial designs
Intellectual property Neighboring Rights
Intellectual property Patents
Intellectual property Trademarks
Intellectual property Varieties of plants
Investments Investment disputes
Products Marine Resources
Products Timber
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Maritime transport
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Procurement
Contracts Sale of Goods
Contracts Travel contracts
Customs Customs Codification
Customs Customs Cooperation
Customs Transit
Dispute resolution Arbitration
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products General
Environment and products International watercourses
Environment and products Protected geographical areas
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Finance, payments and insolvency International guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Human Rights and Labour Standards Labour Standards
Institutional Participation Dispute Resolution
Institutional Participation International Trade Law
Institutional Participation Trade support institutions
Intellectual property Broadcasting
Intellectual property Integrated circuits
Intellectual property Origin
Investments Investment guaranty
Products General
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
Transport and telecommunications Space
Transport and telecommunications Telecommunications
Treaties law General
WTO Plurilateral Agreements
Instruments ratifications

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