PETER CHRISTOPHER
Senior Multimedia Reporter
peter.christopher@guardian.co.tt
Trinidad and Tobago is expected to improve its maritime surveillance and security capabilities following the signing of a Memorandum of Understanding with the Export-Import (ExIm) Bank of the United States.
The agreement would see T&T gain access of up to US$500 million in technical support for projects ranging from national security to renewable energy.
Finance Minister Colm Imbert said the initial use of the funds would be focused on maritime patrol vessels.
“We are looking at enhancing our capability in our maritime domain, with search and rescue and patrolling. And that’s where the national security perspective comes in. So the initial thrust of the relationship is to finance equipment and services and technical support with respect to managing and securing our maritime borders,” said Imbert.
US Ambassador to T&T, Candace Bond, said there has been some concern about the rise of illegal trafficking activity in the Southern Caribbean, and this played a role in the deal.
“Illicit trafficking occurring in the Caribbean, particularly the south-eastern Caribbean, has increased by about 40 per cent over the past year and is increasing exponentially. So we really listened to the Government and we really listened to the T&T Defence Force. We went on tour throughout the country to understand what the challenges are and the porosity of the borders. And so this was something that we took into consideration when we went to Washington DC and met with the ExIm chair to figure out how we can really help tackle this. This is a huge issue that’s occurring throughout the Caribbean, but particularly for Trinidad and Tobago,” said Ambassador Bond.
Chair of the US ExIm Bank, Reta Jo Lewis, said while typically the bank would not grant funding for military equipment, T&T had properly stated a case for an investment in such equipment.
“We have an exception whereby we can finance projects that are going to be used for dual use ...
“We understand that there is this priority for the country and that the goods and services that would be needed are the types of items that ExIm can finance in this sector,” said Jo Lewis.
The facility, Imbert said, would also be used for renewable energy projects and a clause has been inserted so that terms for additional uses could be added.