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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Population to Jump to 260 Million by 2050

Estimates by Brazil’s government statistical bureau (IBGE) are that the Brazilian population, at 182.1 ...

Letters

Ah, Brazil I enjoyed browsing News from Brazil‘s WEB page and reading some of ...

Brazil’s TV and Cinema Plans to Take on the World

Brazilian cinema and television productions may elevate their participation in the Brazilian export basket. ...

70% of Brazilian Nitro Quí­mica’s Production Go Overseas

Sales of nitrocellulose by company Nitro QuÀ­mica, a subsidiary of Votorantim Group, to the ...

Gabarito Highschool in Brazil

Brazil Has a Pact of Mediocrity in Economy, Society and Culture

Brazil has a pact of excellence in soccer and in sports in general. But ...

When Varig Is Gone

Getting ready for the worst, in case Varig, Brazil’s largest airline, folds under the ...

Brazilian singer-composer Zélia Duncan

The Middle-East Side of Zí©lia Duncan

"I am going to try to make this into my place." When Brazilian singer ...

Only Zero Deforestation Can Save Brazil’s Rainforest

High-tech smuggling operations may not be what you'd normally associate with the ongoing clearance ...

Brazil Arrests American Charged with Pedophilia in Copacabana

The little Brazilian boy, 9, told his classmate what the old man had done ...

Profit Takers and Oil Price Depress Brazilian Stocks

Latin American and Brazilian stocks in particular tumbled, as the recent surge in oil ...