Investor Presentaiton

Budget overview (continued) K As a result, the Government is providing a TT$500m Stimulus Package to support the agricultural Sector. This is encouraging but a critical review of the sector is necessary to understand why it has not developed to the level needed to provide better food security for the country in spite of the ease of access of financing through the Agricultural Development Bank and over 100 incentives available. The entire agricultural value chain needs to be properly assessed including understanding: 1) 2) 3) 4) the impediments of actually owning and operating a farm including logistical issues; the impact that the lack of a fully centralised crop-planning board or body has on supply, demand and pricing of agricultural produce; the impact of inadequate cold storage and other similar facilities to enable produce to be readily available throughout the year and possibly, to be exported; the role and support that is needed by the National Agriculture Marketing and Development Corporation (Namdevo) as the intended primary wholesaler of agricultural produce to support the sector. Overall, we applaud the Minister's commitment to the sector and it is hoped that this new thrust will see this sector quickly becoming a major contributor to the GDP and a large contributor to our foreign exchange inflows, as we build and expand our capacity to export local agriculture on a wider scale. We would also like to see a government and private sector partnership in a sustained “buy local" campaign for both the local agriculture and manufacturing sectors, a crucial element to the profitability and sustainability of small and medium operations. What's Inside Click to Navigate Territory Leader's message Tax Leader's thoughts Budget overview Budget fundamentals - 2021 Historical economic data Energy and energy related tax regime Corporation tax Value Added Tax & other indirect taxation Personal Income tax Stamp Duty Summary of other measures Let's talk About PwC PwC | Trinidad and Tobago 2021 national budget 15

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