Venezuelan planes arrive for T&T-manufactured goods

Wednesday, June 22, 2016 - 20:00

Two Venezuelan aircraft have landed at the Piarco International Airport to begin collecting food and other supplies that the country badly needs.

This follows and agreement signed by this country and Venezuela to supply the country with manufactured goods through the establishment of a US$50 million revolving fund.

Earlier this week, officials of the Ministry of Trade including Trade Minister Paula Gopee-Scoon and Venezuelan Trade officials, finalised terms to begin a first tranche of supply.

Some $26.9 million dollars worth of food and basic household items will be transported from Trinidad to Venezuela starting today and continuing over the next few days.

Eight local manufacturers have committed to delivering the required goods for use by the Venezuelan market, which is larger than all of CARICOM combined.

Items to be exported over an intial three-month period are in 12 product ranges, including ketchup, mayonnaise, flour, white rice, margarine, chicken, powdered milk and spaghetti.

Photo and video by CNC3's Judy Kanhai who was at the airport covering the story for CNC3 Business Watch.