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Trinidad and Tobago bows out of PetroCaribe initiative

01/21/2007
The government of Trinidad and Tobago declined to join PetroCaribe, the trade initiative established by Venezuela, to assist Caribbean community countries in meeting their energy requirements in the face of price increases on the global oil market.Prime Minister Patrick Manning said his administration would not sign the PetroCaribe initiative, as his country remains committed to the rival Free Trade Area of the Americas.“We have convinced our Caricom colleagues to make Trinidad and Tobago the FTAA headquarters,” Manning said. “They had gone out together with us to convince the Western Hemisphere system of this. How in the face of that could we now go and sign on to an ag...
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