New Milestone Reached In Trinidad & Tobago For Trade, Investment and Business...

New Milestone Reached In Trinidad & Tobago For Trade, Investment and Business Facilitation

Enabled by TTBizLink, a Single Electronic Window System build by CrimsonLogic


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PORT OF SPAIN, Trinidad & Tobago, May 26, 2014 /PRNewswire-HISPANIC PR
WIRE/ — CrimsonLogic, a leading provider of eGovernment solutions and
services headquartered in Singapore, announced that five new E-Services
on TTBizLink will be launched by the Honourable Senator Vasant Bharath,
Minister of Trade, Industry, Investment and Communications.

Developed by CrimsonLogic, TTBizLink is a Single Electronic Window
for Trade, Investment and Business facilitation built for the Government
of the Republic of Trinidad and Tobago (GORTT).  The E-Services going
live are: E-Goods Declaration, E-Maritime Services, E-Vendor
Registration, E-National Insurance Board Registration, E-Board of Inland
Revenue and E-Value Added Tax Registration.

TTBizLink is the second Single Electronic Window (SEW) built by
CrimsonLogic that integrates a host of business facilitation E-Services
to improve the ease of doing business in the country.  Other SEW systems
by the company were mainly focused on international trade and automation
of import and export documentation.

The TTBizLink system was able to successfully reduce transaction
times significantly (ranging from 2.5 to 28 times improvement in time
saving — please refer to table), enabling Trinidad and Tobago to
positively enhance its overall international competitiveness for trade,
foreign investments and the ease of doing business.

E-Service

Lead Agency

Improvement

E-Company
Registration

– Ministry of
Legal Affairs

7 days to 3
days*

E-Permits
and Licences

– Ministry of
Trade, Industry, Investment and Communications

– Ministry of
Food Production

– Ministry of
Health

4 weeks to 1
day*


E-Certificates of Origin

– ExporTT

– Trinidad and
Tobago Chamber of Commerce and Industry

1 day to 30
minutes*

E-Work
Permits

– Ministry of
National Security

6 weeks to 2.5
weeks*

E-Import
Duty Concessions

– Ministry of
Trade, Industry, Investment and Communications

6 weeks to 12
days*

E-Fiscal
Incentives

– Ministry of
Trade, Industry, Investment and Communications

6 weeks to 11
days*

*Source:
Ministry of Trade, Industry, Investment and Communications,
Trinidad & Tobago

Since phase one of the system went live in February 2012, the
international ranking of Trinidad and Tobago — based on the World Bank
Ease of Doing Business Index, has improved from 81 in year 2010 to 66 in
2014 globally. 

With this phase two launch, TTBizLink now integrates eight Ministries
and 18 government agencies (please refer to table) and involves
paperless documentation and automated approvals for a multitude of areas
such as Import and Export licenses, Fiscal Incentives, Work Permits,
Company Registration, Certificates of Origin, Tax ID registration etc.

The Honourable Senator Vasant Bharath, Minister of Trade, Industry,
Investment and Communications said: “Through TTBizLink, the Government
of Trinidad & Tobago has been able to demonstrate the enabling role of
ICT in significantly improving the country’s ease of doing business.”

In 2013, TTBizLink won first place in the prestigious United Nations
Public Service Awards for the category of ‘Promoting Whole-Of-Government
Approaches in the Information Age’.

“As a Singapore company, TTBizLink is our most comprehensive Single
Electronic Window system in the whole of Latin America and the
Caribbean,” said Saw Ken Wye, CEO of CrimsonLogic.  “We are extremely
honoured to have shared our expertise and experience to support this
project.  We are also proud to be a key partner to Trinidad and Tobago’s
eGovernment journey to transform the country’s economy and trade.

“We continue see the Caribbean region as an important part of our
growth strategy.  Various emerging markets have shown strong demands for
trade facilitation and eGovernment solutions.  We hope to leverage on
the opportunities to support these governments and their citizens’ needs
to progress their countries to the next level of growth and prosperity.”

About CrimsonLogic Pte Ltd

CrimsonLogic is an organisation that customers globally can trust to
deliver world-class eGovernment solutions that creates value for
citizens and businesses.  For more than 25 years, CrimsonLogic has
collaborated with governments and organisations to drive innovative and
sustainable solutions in Trade Facilitation, eJudiciary and eCitizen
Services that positively impact lives and communities.  For more
information, please visit

www.crimsonlogic.com
.

Media Contacts:

Francis Huan
CrimsonLogic Pte Ltd
Tel: +65-6887-7173
Mobile: +65-9820-5994
Email:

francishuan@crimsonlogic.com
  

 

 

SOURCE CrimsonLogic Pte Ltd
 

New Milestone Reached In Trinidad & Tobago For Trade, Investment and Business Facilitation