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:

You May Also Like

Brazil’s Chicken Breeders Get Mad at Bolivian President for Gay Comments

Chicken breeders of Brazil, the world’s largest exporters of the bird rejected and slammed ...

Brazil: Sí£o Paulo’s Big Push to Export

The government of the state of São Paulo, Brazil, plans to increase the number ...

Brazil’s Embraer Sees Itself Delivering 7,800 Jets in 20 years

During the 5th Annual Analysts and Investors Meeting, held November 18 to 19 at ...

Bolivia’s President Elect in Brazil to Discuss South American Unity

The president-elect of Bolivia, Evo Morales, is arriving in Brazil today. He will be ...

Brazilian Mission Trains Algerian Doctors in Children Heart Surgery

Doctors from Brazil's National Institute of Cardiology (INC), based in the southeastern Brazilian city ...

Four Years and Counting

Public approval of the Real plan is not unanimous anymore. Complaints range from the ...

Brazil Shows Its Fittest Arabian Horses

The National Arabian Show started today at the HÀ­pica Paulista, in São Paulo, the ...

All Brazilian Presidential Candidates Say they Have a Soft Spot for Science

The four main candidates in Brazil’s forthcoming presidential elections all aim to increase the ...

Brazilian Police Burns 4 Tons of Cocaine and Marijuana

The Civil Police of the state of Rio Grande do Sul, in southern Brazil, ...

Brazil: Fun Around the Fire

Festas juninas were brought to Brazil by Portuguese and Spanish settlers celebrating the harvest ...