Friday, November 21, 2014

CARICOM- Brazil trade has tripled in a few years - Brazil envoy to CARICOM

Trade between Brazil and the Caribbean Community (CARICOM) has tripled in “a few years” since the thrust by Brazil to open resident embassies in every CARICOM Member State. This was relayed by newly accredited Ambassador of Brazil to CARICOM, H.E. Lineu Pupo De Paula, as he presented his credentials to CARICOM Secretary-General, Ambassador Irwin LaRocque, last Tuesday, at the CARICOM Secretariat Headquarters in Georgetown, Guyana.

Total trade between CARICOM and Brazil increased from US$530,602 in 2003 to US$1,183,802 in 2012. The trade balance was in Brazil’s favor. The new Brazilian envoy said: “In the last decade, the Brazilian Government decided to take a step forward in the direction of a more permanent presence in the Caribbean countries and, in a strong movement, we decided to open resident embassies in all CARICOM countries. One of our first consequences was that total trade between Brazil and CARICOM countries tripled in a few years.”

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