Commerce International Français Français English English
Home Magazine News Directory Calendar Partners Advertisers Contact Search :
THEMES
Chambers of Commerce
Training
Insurance
Banking
Human resources
Technology
Stock exchange
Strategies
Responsibility
Services
Wealth Management
Chartered accountancy
Client services
Advice
Debate
Business travel
International
IT
BtoC
Expatriation
Industry
Outsourcing
Invest
Company law
Tax
Logistics
Real estate
Marketing
Corporate life
Regions
Sustainable development
Cars
Franchising
Food Industry
Lifestyle
Special interviews
Books


ARCHIVES
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
South Trinidad Chamber of Commerce 3 june 2009 at 15:27 | Tell a friend | Printable version

Security first

Illustration : Thierry Cap de Coume
Illustration : Thierry Cap de Coume
Barely six years ago, the Republic of Trinidad and Tobago had no clear rules in terms of health, security and environment in the domain of petrol exploitation, the main activity in this southern Caribbean archipelago. “We owed security standards to each foreign client. It used to cost us a fortune (100,000 dollars per month on average, in other words 73,500 euros, editorial note),” states Roger Packer, Vice-President of the Tucker Energy petrol company. A budget that has been halved since the 2005 launch of STOW-TT (Safe to Work in Trinidad and Tobago). Thanks to the financial support
of the Inter-American Development Bank (IADB) and the Point Lisas Energy Association (PLEA), this programme for the harmonisation of standards has allowed different market players to work with major multinationals and to broach certain international markets.
Dr Thackwray Driver, CEO of the South Trinidad Chamber, remembers
the black period traversed by the island: “Three years ago, I received at least two complaints per month from local companies that considered themselves victims of a form of discrimination.” Today, complaints are rare, even non-existent, and the standards implemented in the context of STOW-TT are more restrictive than those existing within the country: “Eight years ago even, the work force was not accorded much importance. If a worker lost a finger, it bothered no one. Today, it has become unacceptable,” declares Roger Packer. “Security now takes up 20 % of our time and our money.” This would have been unthinkable before STOW-TT, a time when injured workers ran the risk of losing their jobs; now, employees have the right “to refuse to work in difficult zones and benefit from security training”.
Another advance is “the budget of 500,000 dollars (367,500 euros) that has been granted to us until 2010,” points out Dr Thackwray Driver. These funds will be used to certify forty small companies managed by citizens of Trinidad and Tobago, with annual growth not exceeding 5 million dollars (3.7 million euros) per year. The STOW-TT now needs to meet another challenge to prove its genuine value – “that of staying on top” – as Roger Packer suggests.

Par Charles Bonneville


EN COUVERTURE
Last issue
Commerce International - June 2009
No 53


Radek Pazout, Secretary General of the Czech Chambers of Commerce : A springboard towards modernisation
Since its inception in 1993, the network of Czech Chambers of Commerce...
World Chambers Competition : World champions
From 3 to 5 June, during the biannual congress of the World Chambers...
Izmir Chamber of Commerce : Taking on a new role
South Trinidad Chamber of Commerce : Security first
Hamburg Chamber of Commerce : Close links with Madagascar
Greater Baltimore Committee : A place for minorities
Paris Chamber of Commerce : Towards zero paper
Torino Chamber of Commerce : An export accelerator
Malaga Chamber of Commerce : Going international
Greater Manchester Chamber of Commerce : Lending a helping hand
View all the articles in this issue
Version française - Legals - Contact us - Credits - Référencement