TRINIDAD-TTMA launches another initiative to help SMEs gain access to foreign markets.

PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago Manufacturers’ Association (TTMA) says it will introduce a new initiative aimed at assisting small and medium-sized enterprises to gain access to foreign markets.

The TTMA said that, in collaboration with the Export-Import Bank (Eximbank), it will launch Cohort 3 of its Export Action Program (EAP), dismantling the financial, logistical, and regulatory barriers that have traditionally kept local brands confined to domestic shelves.

“Cohort 1 saw approximately 35 percent of participating businesses secure new export opportunities, while Cohort 2 companies have reported new opportunities in markets including Guyana, Jamaica, Barbados, and the United States.

“Other participating businesses have strengthened their domestic market presence through placements in major retailers such as Massy Stores and SuperPharm,” the TTMA said, adding that export readiness scored among participating SMEs and also improved significantly under the EAP framework, with businesses progressing from an average readiness level of approximately 42 to 87 percent.

TTMA chief executive officer, Mahindra Ramdeen, said many SMEs have strong products and strong ambition, but they often need guidance to navigate the realities of exporting.

“The Export Action Program continues to demonstrate that with the right structure, support and accountability, our SMEs can compete regionally and internationally while contributing to economic diversification and foreign exchange generation,” Ramdeen said.

Eximbank manager and marketing and business development officer Sheldon Thomas highlighted the importance of accessible export development initiatives for SMEs.

“The collaboration between Eximbank and TTMA continues to create meaningful opportunities for businesses seeking to grow beyond Trinidad and Tobago’s borders. The results achieved by the EAP demonstrate the value of practical support systems that help SMEs translate potential into measurable outcomes,” he said.

The lead consultant of the EAP, Kevin Tang Nian, said the program is built around practical intervention and sustained accountability.

“Exporting is not a one-size-fits-all process. Every business faces different hurdles, resource limitations, and opportunities. The EAP was built to help SMEs identify their gaps, prioritize practical solutions, and take meaningful steps towards market entry and sustainable growth.”

The TTMA said that to meet growing demand for business and export guidance, it has also introduced an export readiness scan (ERS), a focused assessment designed to help SMEs identify export gaps and opportunities, and practical next steps towards growth and international expansion, particularly where space in the full EAP is limited.