Trinidad and Tobago. This year's budget contained some
tax relief, and the sales tax was removed from 12 basic
commodities. According to
Countryaah.com, economic growth during the year was estimated
That calculation was perhaps just as it turned out when,
a little into the new year, it became clear that the country
has large exploitable oil resources. There were far-reaching
plans to invest one billion dollars - in this case the
largest individual investment in the entire Caribbean island
world - at a liquefied gas plant in La Brea, southwest
Trinidad, intended to be put into operation in 1998.
When US Secretary of State Warren Christopher visited the
country in early March, he handed over the keys to four
highways, which the United States donated to be used in the
fight against drug traffic.
At the June general elections, the ruling United National
Congress party had significant successes.