Former minister in the Ministry of Finance Mariano Browne believes Trinidad and Tobago has lost opportunities to strengthen trade with Venezuela and must now focus on formalising commercial activity between the two countries.
Speaking to Guardian Media yesterday after a post-budget panel discussion hosted by St Mary’s College Business Department and its Past Students’ Union, Browne pointed to Venezuela’s population of about 30 million and its historical role in supplying food to Trinidad and Tobago.
“Venezuela is a market with 30 million people, and most people do not know that a lot of our food, not the turn of this century, but in the previous century, was supplied out of Venezuela,” he explained.
Browne argued that the two countries had maintained trading ties over generations, but much of the current exchange takes place outside the formal customs system.
“Much of it now is uncustomed, meaning it doesn’t pass through the normal ports. And that’s what we have to change,” he added.
His comments come as questions persist about Trinidad and Tobago’s diplomatic representation abroad, including the absence of ambassadors in Caracas Venezuela, Washington DC, and China.
Over the weekend, Foreign and Caricom Affairs Minister Sean Sobers, who appeared before Parliament’s Standing Finance Committee on October 24, acknowledged the importance of filling the vacant postings.
“If you would allow me to recall my original answer to your question, all of these postings and consul general postings are of extreme importance to this administration, and yes, it may very well assist the administration in having persons at posts. But since entering office in 2025, I have been given the mandate to personally (manage the relationships) and I’ve been doing so, I would want to say, quite well,” Sobers explained.
Browne also pointed to the diplomatic relationship with Venezuela, observing that the South American country had maintained an ambassador in Trinidad and Tobago, while this country had been without an ambassador in Venezuela during a critical period.
“So we’ve lost an opportunity. So Venezuela is coming to engage. The point is what do we want to engage on?” Browne asked.
He believes there is considerable scope for commercial engagement, but Trinidad and Tobago must be prepared to identify and pursue opportunities in the Venezuelan market.
On the recent increase in parking fees at Piarco International Airport, Browne described the move as part of a wider pattern of government fee increases, while questioning the broader approach to charges.
“The government has been nickeling and diming with fees, right, all across the board,” he remarked.
Browne also referred to the increase in the non-declaration fee from $125,000 to $250,000, questioning how often people had been challenged, jailed or fined under the measure.
He acknowledged that he had not calculated the full impact of the airport parking fee increase, but pointed to the limited competition airports face in providing essential services.
“Airports tend to be monopolies, and they tend to make money from increasing their prices on simple services, right? Because you need it, you’re there,” he explained.
While the increase was not surprising to him, Browne considered it a relatively minor issue within the wider economic challenges facing T&T and the structural changes the country needs to make.
