Brazil and Trinidad and Tobago Talk Energy Business

A group of Brazilian businessmen arrived in Trinidad and Tobago on Sunday, September 25, for a two-day visit to negotiate partnerships and expand trade relations in the food, sugar and alcohol, and construction sectors.

Closer business ties are being promoted by the Brazilian Ministry of Foreign Relations, which identified potential buyers in Trinidad and Tobago, which receives US$ 1 billion in investments, annually.

For Luciano Gonzaga Filho, who represents a São Paulo food manufacturer, the small role of agriculture in the country’s economy (2%) provides room for the importation of Brazilian products with aggregated value. His company plans to offer Caribbean entrepreneurs processed animal and vegetable products.

According to the United Nations Food and Agriculture Organization (FAO), Trinidad and Tobago imports US$ 200 million worth of dairy products each year, and Brazil is currently responsible for US$ 6 million of this total.

For the Brazilian ambassador to the country, Luiz Fernando de Athayde, the time is also ripe for talks between the two countries on the energy sector. The ambassador says that Trinidad and Tobago may be a cheaper source of liquefied natural gas for Brazil and could share this market with Bolivia. The Caribbean country is also interested in exchanging experiences on the production and application of ethanol.

According to Athayde, the dialogue among companies gained impetus after the first official visit by a Brazilian chancellor to Trinidad and Tobago, when the minister of Foreign Relations, Celso Amorim, visited the country in January.

"With the increase in oil prices, Trinidad and Tobago has cash reserves. This is an excellent moment for Brazil to try to negotiate and play up its advantages," he says.

Agência Brasil

Tags:

Ads

You May Also Like

Brazil Needs to Invest US$ 88 Billion in Energy Sector to Keep Growing

The Brazilian Ten-Year Plan (2007/2017) announced this week by the EPE (Energy Research Company), ...

Chavez Will Be in Brazil for Venezuela’s Integration Ceremony into Mercosur

Hugo Chavez, the president of Venezuela, informed that he talked with Dilma Rousseff, the ...

LETTERS

In the eyes of its foreign creditors, Brazil’s most important spending concern has to ...

You Got to Love a Brazil Where Typewriters Are Preserved and Couples Kiss at the Box Office

If there is a connection between cleanliness and public affection, it is being played ...

Amapí¡ Is Back on the Map of Gold in Brazil

The northern Brazilian state of Amapá is once again one of the golden regions ...

Latin America Will Grow Meager 0.3 Says World Bank

Brazil might do a little better, but growth in Latin America will plunge strongly ...

Brazilian Government’s Portal Promises a Lot But Is Off to a Slow Start

Services and information about federal actions and programs by the Brazilian government, which were ...

Brazil’ Bebel Gilberto: A Command Performance

Last August Bebel Gilberto was supposed to have débuted her new tour in New ...

BNDES Loans US$ 219 Million for Railway Construction in Brazil

The Brazilian Development Bank (BNDES) announced today, June 6, the approval for a financing ...

Brazil Scrambles to Find Out What Made Its Cattle Sick

Brazil’s Minister of Agriculture, Livestock, and Supply, Roberto Rodrigues, said that the identification of ...