Tuesday, May 28, 2024
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Guyana prepares for UK trade

By Caribbean News Global contributor

GEORGETOWN, Guyana – Department of Public Information (DPI) recently reported that chief executive officer of the Guyana office for Investment (GO-Invest) Peter Ramsaroop is poised to capitalise on established trade agreements and facilitate the exportation of sugar and forest products to the United Kingdom (UK).

Chief executive officer (CEO) Ramsaroop, said: “Revenues from these commodities would be reinvested in the economy to support its expansion and growth. As such GO-Invest’s export unit is examining the possibilities closely. The bilateral agreements are there, the CARICOM treaties are there. We believe that export is a key component of the development of Guyana as it brings in foreign currency. We have to strengthen that export arm and our office is a part of that process, working along with the foreign ministry and the ministry of Tourism.”

The ministry of foreign affairs and international cooperation; and Dr Dianna Glasgow, director of the ministry’s foreign trade preciously noted opportunities in the UK market, for Guyana’s wood and sugar.

According to the DPI report: “At a virtual meeting with UK’s minister of international trade, Ranil Jayawardena earlied this year, minister Hugh Todd noted the importance of the sugar industry here, and relayed that investments were being made to increase the efficiency of the sector. CEO Ramsaroop, reported on his briefing session with UK’s Commonwealth Caribbean Trade Envoy, Darren Henry and some 550 UK companies last week.”

Moving forward in the interest of partnerships, and investments in the agriculture, tourism, technology and other sectors, CEO Ramsaroop, said: “They are free to come into Guyana. We have the best investment climate, the best trajectory with 40-plus per cent growth for 2020, significant growth in 2021 and beyond, with a president that believes in democracy and Guyana and has a plan and a vision and an execution measurable plan that will create results.

“That makes it exciting to them. It is fine investors are willing to come into Guyana, looking for local partners. I think it is the most rewarding part of my job when I see that happen and knowing for a fact that the government has outlined their framework and they believe the action plan and want to be part of the action plan,” he said.



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