Trinidad Tobago is diversified, based to a large extent on oil, natural gas, industry and agriculture. It is one of the leading gas-based export centres in the world, being the leading exporter of ammonia and methanol and among the top five exporters of liquefied natural gas. This has allowed Trinidad to capitalise on the biggest mineral reserves within its territories. It is an oil-rich country and stable economically. The Venezuela Tertiary Basin is a subsidence basin formed between the Caribbean and South American plates, and is bounded on the north by the coast ranges of Venezuela and the Northern Range of
Foreign relations of Trinidad and Tobago but often supports U.S. and EU positions. Trinidad and Tobago has historically been a trans-shipment point for South American drugs destined for the United States and Europe. This has created much tension in the country's politics. Trinidad and Tobago is also a member-state of the International Criminal Court, without a Bilateral Immunity Agreement of protection for the U.S. military (as covered under Article 98) On its 1962 independence, Trinidad and Tobago joined the United Nations and Commonwealth of Nations. In 1967, it became the first Commonwealth country to join the Organization of American States (OAS). In 1995, Trinidad played host