Stronger trade and other connections will be beneficial to both nations, since T&T needs the funding support China is willing to provide for key industries and services. The advantage for China is access to raw materials to support its vast industries, and this country is already a reliable source of gas and asphalt.
Agreements signed between T&T and China during Prime Minister Kamla Persad-Bissessar's recent official visit to that nation should yield significant benefits for both sides.Recent shifting global dynamics make China–the third biggest investor in the region behind the United States and the European Union–a strong partner to facilitate continued economic development for T&T and the rest of Caricom.China's president Xi Jinping, who visited this country last May, has been pursuing a fresh vision for growth and sustainable development, seeking to re-define his country's priorities for trade and investment.
Increased alliances with the developing world, including the countries of Caricom, provide new opportunities for all involved at a time when other key global connections have been less beneficial to the region. Stronger trade and other connections will be beneficial to both nations, since T&T needs the funding support China is willing to provide for key industries and services.The advantage for China is access to raw materials to support its vast industries, and this country is already a reliable source of gas and asphalt. With the United States becoming increasingly self-sufficient in energy, T&T urgently needs to secure a more solid market for its LNG exports, and China is a strong prospect in that area.
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