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The recent wave of business closures, production suspensions and restructuring announcements have sparked concern among economists and business owners, who urge that T&T pay closer attention to retaining productive investment and developing new industries to replace those that are being lost.
The issue has come under sharper focus amid a string of developments in the industrial and manufacturing sectors in the past few months, including Nutrien leaving T&T (October 2025), the closure of Readymix (March 2026), Methanex idling its Titan plant (June 2026), and now news of Nestle possibly restructuring (July 2026).
Economist Dr Jamelia Harris warned that while businesses naturally open and close as part of the normal economic cycle, the country appears to be experiencing more business losses than gains.
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