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The Development and Implementation of Local Content in the Extractive Industries in Trinidad and Tobago and Guyana

In: Sovereign Wealth Funds, Local Content Policies and CSR

Author

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  • Alicia Elias-Roberts

    (University of the West Indies)

Abstract

This chapter discusses the main features of the legal framework regulating local content in Trinidad and Tobago and Guyana within the extractive industries. It also discusses the role that local content can play in the development of the two countries under review. The problem of illegal quarrying in Trinidad and Tobago and the incident where a major oil company in Trinidad and Tobago decided to withdraw a major project are discussed to demonstrate some of the problems associated with local content. A case study from Guyana concerning the dissatisfaction with the draft local content policy is reviewed as well as general pitfalls that Guyana needs to avoid in its implementation of local content policies and laws. Further, the potential for local content policies and law to conflict with international and regional trade obligations are briefly discussed.

Suggested Citation

  • Alicia Elias-Roberts, 2021. "The Development and Implementation of Local Content in the Extractive Industries in Trinidad and Tobago and Guyana," CSR, Sustainability, Ethics & Governance, in: Eduardo G. Pereira & Rochelle Spencer & Jonathon W. Moses (ed.), Sovereign Wealth Funds, Local Content Policies and CSR, pages 343-358, Springer.
    • Handle: RePEc:spr:csrchp:978-3-030-56092-8_19
    DOI: 10.1007/978-3-030-56092-8_19
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