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Potential investors concerned about cargo space
Minister Robert Persaud
A number of investors in Canada have expressed interest to invest in Guyana, but they have expressed concerns about the availability of cargo space and reliability of suppliers.
This is one of the issues raised at the Agro-Exhibition and Investment Seminar, which was hosted in Toronto, Canada on Saturday.
Over the weekend, the New Guyana Marketing Corporation held the seminar in Toronto to develop linkages and possible support for Guyana’s agricultural drive.
Availability of land, investment environment, and input supplies in the agriculture sector were among other issues that were raised at the event.
Agriculture Minister Robert Persaud delivered a presentation on agro-business and investment opportunities in Guyana.
It is anticipated that there will be a greater awareness and interest in Guyanese products, leading to the creation of new investments and markets for farmers’ produce. In excess of 150 investors attended the seminar.
A team has since been established to work with the GMC to examine the concerns raised and propose possible solutions that will further boost trade between the two countries.
With the financial downturn in the United States of America, Guyana is seeking to offer the agriculture sector as an alternative means to investment for the Diaspora.
Highlighting the effects of the financial meltdown, the minister addressed an international forum on food security at the Mc Gill University in Montreal. Present at the conference were international experts in agriculture, food nutrition, policy and development framework.
The long term solutions to declining world food stocks and rising food prices were discussed at the forum.
Guyana, China and India have been selected as countries for a review of their response to the global food price challenges.
Guyana’s response to the global food price challenges and an outlook for the Caribbean region was presented by Minister Persaud.
He explained that one of the largest impacts on the ability to grow food has been the in-exorable rise in the price of petroleum and fertilizer.
According to Persaud, while these volatile commodities dwindle, the cost of production continues to increase, which results in the increased cost of food and a growing factor in food availability.
He, however, highlighted that Guyana depends on agriculture significantly and is fortunate to have a significant amount of arable land and freshwater resources, and the increase in demand for agricultural output represents a significant opportunity for wealth creation, poverty reduction and sustainable growth.
During Minister Persaud’s presentation, he also stated that Guyana is concerned about the impacts of climate change on the livelihood of agriculture as most of Guyana’s agricultural activities are from its fertile coastland, which is below sea level.
He noted that both developing and developed countries have a role to play in creating a world that is food secure, but this requires strong political will and sustained efforts on all sides to support developing countries, strengthen their agriculture sectors and ensure food security for all.
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