Port of Spain of the Caribbean, exporting both agricultural products and manufactured goods. Bauxite from Guyana is trans-shipped via facilities at Chaguaramas, about west of the city. The pre-lenten Carnival is the city's main annual cultural festival and tourist attraction. Today, Port of Spain is a leading city in the Caribbean region. Trinidad and Tobago hosted the Fifth Summit of the Americas in 2009 whose guests included US President Barack Obama and US Secretary of State Hillary Clinton. Port of Spain is also home to the biggest and most successful stock exchange in the Caribbean, the Trinidad and Tobago Stock Exchange (TTSE). The
Port of Spain the old capital, San José de Oruña (modern Saint Joseph), about inland, had fallen into disrepair, and Governor Don Pedro de la Moneda transferred his seat to Port of Spain, which thus became Trinidad's de facto capital. The last Spanish Governor of Trinidad, Don José Maria Chacón, devoted much of his time to developing the new capital. He compelled the island's Cabildo (governing council) to move to Port of Spain, and he limited its powers to the municipality. The 1783 Cedula of Population, which encouraged the settlement of French Catholics in the island, led to a rapid increase in the