Political relations have traditionally been good. There is substantial agreement on international policy, especially within the United Nations. Germany supports regional integration within the Caribbean Community CARICOM, of which Trinidad and Tobago is the strongest member in economic terms.

In the economic sector, a key factor is the long-term engagement of German companies, which have made substantial investments there (so far a total of more than 4 billion euro), especially in large plant construction in the petrochemical sector. A bilateral investment promotion and protection agreement entered into force in 2010.

In development cooperation, Trinidad and Tobago has indirect ties to Germany through German agreements with the Caribbean Community CARICOM, cooperation focusing mainly on the promotion of renewable energy and adaptation to climate change. Trinidad and Tobago has not been classed as a developing country since 2011; official bilateral development cooperation has therefore been terminated.

Higher education partnerships between the University of the West Indies (UWI) and German universities, including Flensburg, Dresden, Wolfenbüttel and Kiel Universities, have been progressing well. The state vocational training institute MIC is working with the Aachen Chamber of Crafts and Trade on dual system training courses in the field of automotive engineering.

Tobago is a popular destination for German tourists, who make up the third largest group of visitors, after Britons and Canadians. Up until March 2020, there were direct flights between Germany and Tobago, which resumed seasonally in 2022.