On his recent visit to our shores as part of his multi-nation tour, India Prime Minister Modi spoke of the importance of the “Global South,” a reference to BRICS, an intergovernmental political and economic forum of which India is a founding member. After the BRICS summit was held in Rio de Janeiro this July, the leaders of these growing economies jointly declared their “serious concerns about the rise of unilateral tariff and non-tariff measures.”
Although unnamed, that was certainly a reference to US President Trump’s executive order signing marker pen. That very penmanship seems to have helped thaw frosty relations between BRICS members India and China with President Modi’s visit to Beijing last weekend. The two Asian neighbours have been standoffish since border skirmishes in 2020. With India scheduled to supplant Germany as the world’s third-largest economy by 2027, President Modi has reprioritised business.
Russia and Iran (also BRICS members) have a particularly close relationship with Venezuela, at whose doorstep three US Navy warships are now parked. More are on their way in the Trump administration’s war on international drug cartels.
The US Departments of Justice and State doubled their bounty to US$50 million for “one of the largest narco-traffickers in the world,” Venezuelan President Nicolás Maduro. The US government must have credible evidence to so mobilise and incentivise.
The Maduro government would have offered BRICS members priority access to its hydrocarbon projects in lobbying for Venezuela’s entry into their club. That failed. Still, G7 member United States looks set to get some multi-tasking done by going after Maduro. America first, the “Global North” second?
Prime Minister Kamla Persad-Bissessar’s “Trinidad and Tobago first” statement takes a cue from President Trump, as she eschewed the “circling-the-wagons” strategy of consulting Caricom or even the pro-Maduro ALBA signatories. Her stance in defence of “Caricom neighbour Guyana” cannot be faulted, as the Maduro government has flirted just this year with “annexing” Guyana’s Essequibo à la Russian President Putin in Ukraine. PM Persad-Bissessar’s granting of access to our sovereign territory to the US armed forces is dependent on a Venezuelan invasion of Guyana. I find that unlikely at this point. Regardless, stronger relations with both Guyana and the US are encouraged.
Minister Dr Roodal Moonilal’s meeting with Grenadian PM Dickon Mitchell to discuss an energy partnership between our two countries is a display of healthy relations with another Caricom colleague. PM Persad-Bissessar’s attendance at and support of future Caricom initiatives will be more instructive. What if the US Navy vessels leave and Maduro stays? Will we face increased Venezuelan vexation after? Will Caricom members give us the cold shoulder for going it alone? We may need to engage in remedial diplomacy. Will Foreign and Caricom Affairs Minister Sobers be up to such tasks?
Conversely, if the “Maduro Regime” is removed, will there be free and fair elections in Venezuela? Will the new government escape the “narco-regime” stigma? Will they be accused of being a puppet government installed by the Trump administration? Putting on a “Trinbago First” hat, will we be able to access Dragon Gas and other cross-border fields? Surely, the Department of Justice will grant us the OFAC licences, if not remove those requirements, completely. Perhaps our PM calculated these possibilities and chose the course of action with the most favourable “Trinbago First” outcomes. Only time will tell if the call held foresight.
As patriotic Trinbagonians, we should advise and support our Government, as best as we can.
I don’t know if former Finance minister Colm Imbert is being patriotic when he seems to gloat over a leaked August 7th Cabinet note entitled: “Approval for the transfer of funds held in escrow for 16 Government-guaranteed loans to the Treasury to assist Government with Funding for the remaining months of fiscal year 2025.” He claims that “the Government is broke!” MP Imbert was our Finance minister as late as five months ago. He and his former government cannot extricate themselves from responsibility for the poor state of our economy. I dare him to make any recommendations other than “Call the election now!”
Government is a continuum. Each party is quick to take credit for the country’s advancements while blaming the other/s for any failures. Who do we blame for our nation being the poster child for “Dutch disease”? Serious diversification has never been pursued. In 1980, then Jamaican PM Michael Manley reported “...Trinidad is going to be broke in three years…Trinidad has oil, but they are allowing the oil to flow like a dose of salts through the country.”
If the “broke” is back, whose fault is it? More importantly, when are we going to start earning serious revenue from sources other than our 120-year-old hydrocarbon golden goose?
Even as revenue sourcing seems problematic, Prime Minister Persad-Bissessar has said that her Government will fill “thousands of vacancies in the public service on a phased basis.” NATUC and JTUM are pleased with this direction towards employment stability, while the ECA is concerned about the financing of the public sector wage bill. Perhaps productivity and economic activity will rise with the wages.
Even though we need to watch every dollar spent, why didn’t NGC close the deal on the Banyan Archives purchase in 2022? Trinbagonian heritage has been properly sold to Barbados. Another lost opportunity to promote our cultural & heritage tourism?
Happy Independence Day, T&T!