While many would have focused on the landmark agreement between T&T and Venezuela for the exploitation of the Manakin-Cocuina hydrocarbon field, I think the decision to pursue commodity sharing is an even more important quantum leap forward for local business and the country as a whole.
The concept of the T&T Government purchasing commodities from local businesses and then trading these with the Venezuelan government for goods from that country is a truly novel approach to international trade for our country.
It shows that we are finally beginning to think outside the box when it comes to expanding our trade opportunities. At the same time it will provide local businesses with an unparalleled level of comfort and protection in doing business with Venezuela, particularly granted the issues with foreign exchange availability in that country.This can only redound to the benefit of our country and remove a major hurdle to the expansion of local businesses and sustainable job creation in several sectors. Well done!
R Singh