It is, of course, true that we have witnessed a tightening of financing conditions and credit standards in the euro area. However, the increase in the average real cost of financing has been relatively modest over the past few months, although credit spreads for parts of the corporate sector have widened substantially.
Through the use of joint ventures with Trinidad and Tobago firms, Indian companies can use these trade agreements to establish a foothold in the markets of Latin America and the Caribbean.