Venezuelan government officials due next week to discuss US$50 million purchases

Thursday, May 26, 2016 - 20:00

Venezuelan government officials will visit this country on Tuesday to follow up on that country's commitment to purchase US$50 million in goods from Trinidad and Tobago.

The following is a statement from the Ministry of Trade and Industry on the matter:

"A team of six senior Government Officials from Venezuela’s Trade and Commerce Ministry will visit the country from Tuesday 31st May, 2016.  This follows the visit by His Excellency Nicolás Maduro, President of the Bolivarian Republic of Venezuela to Trinidad on Monday 23rd May, 2016 and his commitment to purchase goods from Trinidad and Tobago in the sum of US$50 million.
Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry will lead the discussions, which will be focused on finalizing the list of manufactured products and the modalities of the export arrangements to Venezuela to facilitate easy passage of the goods from Trinidad to Venezuela, and also payment for goods shipped.
The Trinidad and Tobago delegation will include representatives from the Ministry of Foreign and CARICOM Affairs; Ministry of Agriculture, Land and Fisheries; Trinidad and Tobago Chamber of Industry and Commerce; Trinidad and Tobago Manufacturers’ Association; Export-Import Bank of Trinidad and Tobago; and exporTT Limited.
The visiting team is also scheduled to visit various manufacturers’ plant operations to see first-hand their capabilities."