Foreign Affairs Minister Suruj Rambachan says T&T is tapping into $600 million markets in Latin America. He said it was being done under the watch of Prime Minister Kamla Persad-Bissessar. He labelled the motion of no confidence as "a litany of falsehoods," at Parliament, Wrightson Road, Port-of-Spain, on March 2.
Zeroing in on Persad-Bissessar's attempt to stimulate the economy, Rambachan said: "We are targeting Latin America. Brazil has an embassy here. I have received word that Ecuador wants to open an embassy here. We are tapping into $500 million markets." Brazil formed part of the BRIC nations-including Russia, India and China.
Apart from Latin American markets, Rambachan boasted the People's Partnership had stabilised the economy to such an extent the "IMF was predicting 1.7 per cent growth in 2012. The economy is about to turn around". While government MPs thundered their support, Point Fortin MP Paula Gopee-Scoon retorted, "It hasn't happened yet." But Rambachan was undaunted. He maintained Dookeran had restored confidence.
Wrote off $4 billion debt
Wading into Opposition Leader Dr Keith Rowley's view that the government had inherited a platform, Rambachan cited statistics which indicated the treasury was not as stashed. He said: "In September 2011, the treasury had billion $5,742 compared to billion $9,782 at the end of September 2010. In one we had written of $1 billion in debt."
Apart from the treasury deficit, Rambachan lamented they had inherited dilapidated schools like Charlieville, cost overruns at Tobago hospital, billions of dollars of Petrotrin debts and a situation in which 250,000 citizens were poverty-stricken. Again, he shared the view Persad-Bissessar's leadership skills had created new jobs, stimulated the economy and restored the confidence of International Financial Agencies.
He said: "Her mission is for the creativity of the people to flourish and provide education which would promote competitiveness and make T&T the centre of the Caribbean and the region." He also defended her critics' condemnation of her overseas travels as an attempt to "gain miles." Citing the example of a local treat sugar cake, Rambachan said: "If you make sugar cake, you cannot stay at home and hope people would know what is in your kitchen."
