Trinidad and Tobago and Venezuela are exploring new opportunities to expand bilateral trade, attract investments and strengthen energy cooperation following a Business Roundtable held in Port of Spain.

The meeting, co-hosted by the Energy Chamber of Trinidad and Tobago and the Venezuelan Embassy, brought together public and private sector representatives to identify opportunities across fisheries, agriculture, manufacturing, tourism and energy.

Foreign and CARICOM Affairs Minister Sean Sobers highlighted the potential for stronger economic relations between the two neighbouring countries. In 2025, Trinidad and Tobago exported goods worth TT$33.4 million to Venezuela and imported TT$34.7 million.

Both countries are also reviewing the 1992 CARICOM–Venezuela Trade and Investment Agreement to identify priority products and improve commercial exchanges. The Trinidad and Tobago Manufacturers' Association (TTMA) is expected to organise a webinar on business opportunities in Venezuela to encourage exporters and manufacturers to explore the market.

Energy cooperation was another major focus, with discussions covering natural gas development, cross-border energy projects, technical knowledge exchange and capacity building. A recently signed Letter of Intent between the energy chambers of both countries is expected to support industry collaboration and information sharing.

The anticipated resumption of Caribbean Airlines flights to Venezuela is also expected to improve connectivity and support business relationships.

The initiative marks a renewed effort to strengthen regional trade, investment and economic partnerships while creating opportunities for businesses across the Caribbean and South America.