(Trinidad Guardian) Oil-rich Venezuela, which is faced with a severe food crisis, will soon bring relief to its citizens by purchasing US$50 million in goods from T&T.
Confirmation came yesterday from Venezuela President Nicolas Maduro at a joint press conference with Prime Minister Dr Keith Rowley at the Diplomatic Centre, St Ann’s.
In addressing the media, some of whom were from Venezuela, Maduro described his meeting with Rowley and his Cabinet as fruitful and successful, promising to strengthen ties and the relationship with T&T going forward.
“We need to continue working hard in the future to further our relations in the premise of principles of respect, brotherhood and co-operation,†Maduro told a smiling Rowley.
Among the issues both men discussed were trade, security and repatriation of citizens who are currently detained in prisons on both sides.
The T&T Government also signed a Memorandum of Understanding with Maduro to purchase gas from Venezuela, which Maduro said stood to benefit both countries.
“We look forward from Trinidad and Tobago to provide significant relief to the people of Venezuela. This relief to come from a supply of manufactured goods from Trinidad and Tobago,†Rowley told Maduro, as he shook his head in approval.
“We have created a joint venture that would be responsible to conduct all the investments required in order to tap those resources for that benefit of both countries.
“We have also decided to increase the trade flow between the two nations. We have already established the contacts and very soon, through a revolving fund with US$50 million, we will be able to strengthen the flow of trade between Trinidad and the Eastern part of Venezuela,†Maduro said, in delivering his speech to Rowley and his Cabinet.
Following Maduro’s address, Trade and Industry Minister Paula Gopee-Scoon spoke about the arrangements that would be put in place for Venezuela to obtain much needed food.
She said the US$50 million fund Venezuela had established would be used to purchase manufactured goods from T&T, which would be sent to the eastern states of Venezuela, which have been faced with a shortage of food for months now.
To get the ball rolling, Gopee-Scoon said her ministry had forwarded a list of all goods manufactured in T&T to Venezuela.
“It is from that list, I believe from next week, we would have the vice-minister from the Ministry of Trade and Industry in Venezuela visiting with us, along with some private sector persons. They are going to be looking at which items they would want to be sent to Venezuela,†she added.
Confirmation came yesterday from Venezuela President Nicolas Maduro at a joint press conference with Prime Minister Dr Keith Rowley at the Diplomatic Centre, St Ann’s.
In addressing the media, some of whom were from Venezuela, Maduro described his meeting with Rowley and his Cabinet as fruitful and successful, promising to strengthen ties and the relationship with T&T going forward.
“We need to continue working hard in the future to further our relations in the premise of principles of respect, brotherhood and co-operation,†Maduro told a smiling Rowley.
Among the issues both men discussed were trade, security and repatriation of citizens who are currently detained in prisons on both sides.
The T&T Government also signed a Memorandum of Understanding with Maduro to purchase gas from Venezuela, which Maduro said stood to benefit both countries.
“We look forward from Trinidad and Tobago to provide significant relief to the people of Venezuela. This relief to come from a supply of manufactured goods from Trinidad and Tobago,†Rowley told Maduro, as he shook his head in approval.
“We have created a joint venture that would be responsible to conduct all the investments required in order to tap those resources for that benefit of both countries.
“We have also decided to increase the trade flow between the two nations. We have already established the contacts and very soon, through a revolving fund with US$50 million, we will be able to strengthen the flow of trade between Trinidad and the Eastern part of Venezuela,†Maduro said, in delivering his speech to Rowley and his Cabinet.
Following Maduro’s address, Trade and Industry Minister Paula Gopee-Scoon spoke about the arrangements that would be put in place for Venezuela to obtain much needed food.
She said the US$50 million fund Venezuela had established would be used to purchase manufactured goods from T&T, which would be sent to the eastern states of Venezuela, which have been faced with a shortage of food for months now.
To get the ball rolling, Gopee-Scoon said her ministry had forwarded a list of all goods manufactured in T&T to Venezuela.
“It is from that list, I believe from next week, we would have the vice-minister from the Ministry of Trade and Industry in Venezuela visiting with us, along with some private sector persons. They are going to be looking at which items they would want to be sent to Venezuela,†she added.
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