AGRI-Invest Country Profiles

Agri Investment Forum & Expo, 2022

TRINIDAD AND TOBAGO

Incentives/Concessions for the Agricultural Sector: 1. The Agricultural Incentive Programme (AIP) is a tangible fiscal and non-fiscal package of rebates and exemption on goods and services offered to the farming community. It seeks to encourage farmers to increase production, promote good agricultural practices, encourage the preservation of the environment and the conservation of natural resources as well as promote youth in agriculture. Incentives are offered for land preparation, machinery and equipment, soil conservation, vehicles, specific tree crops, irrigation, pasture management for livestock, post-harvest and marketing, security, waste management, https://agriculture.gov.tt/divisions-units/divisions/ regional-administration-north/agricul tural- incentives/ and more. 2. The Agricultural Development Bank of Trinidad and Tobago (ADB) specializes in development financing for the agricultural sector. They offer preferential loans for projects in the Agricultural sector. http://www.adbtt.com/banking/

3. Training and Agricultural Outreach programme https://agriculture.gov.tt/focus_areas/advisory- assistance/ 4 Crop Concessions and Exemptions VAT Exemption on New and Foreign Used Pick-Ups This facility is available for an exemption value of up to TT$5,000. It is open to registered farmers with a green card. • Flood and Natural Disaster Assistance • Duty Free Concession on Agricultural Equipment and Machinery • Duty free concessions may be accessed by members of the public engaging in legitimate agricultural activities or providing support to same, once certain requirements are met. https://agriculture.gov.tt/work-themes/crops concessions-exemptions/ For further information, please visit our website: www.investt.co.tt

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