Trinidad and Tobago business conditions are favorable for foreign investment. The Caribbean nation is one of the wealthiest and most developed in Latin America. It enjoys a healthy trade surplus not only from an abundance of oil and gas, petroleum refining and LNG production, but also from the production of petrochemicals, plastics, steel, aluminum, cement, processed foods and beverages. In addition, the nation is a regional financial center and has a growing tourism sector (though not proportionately as important as in many other Caribbean economies). Infrastructure, including telecommunications, are good by regional standards, although the nation does suffer from water shortages. Located outside of the hurricane belt, the island also enjoys an educated workforce and a relatively stable government. All in all, Trinidad and Tobago is a great place to set up a local business venture, or a base for a south Caribbean endeavor.