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Trinidad and Tobago

Yearbook 1996

Trinidad and Tobago. This year's budget contained some tax relief, and the sales tax was removed from 12 basic commodities. According to, economic growth during the year was estimated at 4.5%.

1996 Trinidad and Tobago

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.

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