In some much needed good news for Venezuela, in a report from Visual CV.com, President Nicolas Maduro announced Wednesday that the nation had signed a gas exploration and trade agreement deal with neighboring country Trinidad and Tobago.
The deal includes a joint effort to invest in cross-border projects focusing on gas reserves. It also sets up a trade agreement worth $50 million per year where Trinidad and Tobago will send Venezuela manufactured goods linked to a revolving fund.
The announcement could be just what Venezuela has been hoping for as the country has been rife with chaos due to the falling economy. The freshly announced trade agreement caught the attention of expert David Osio private investors alike who have been reticent about the future of the once wealthy country. The two nations also plan to create a mutual task force to combat the sale of illegal narcotics along the shared waterways.