Latest update February 15th, 2025 12:52 PM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Brazilian delegation exploring trade opportunities

Nov 29, 2009 News

A Brazilian private sector delegation is in Guyana exploring opportunities for trade.
The members of the delegation are members of Sebrae, which offers support for micro and small enterprises in Brazil.
Leila King, a Guyanese businesswoman based in Brazil, serves as advisor to the team visiting Guyana. She said that in the past businessmen from Brazil have come to Guyana, but there has been no real follow-up and as a result, those visits amounted to failure.
However, King said with the involvement of Sebrae, there will be the necessary follow-up so that concrete arrangements can be made.
The businessmen visiting Guyana are interested in buying cement, iron, barbed wire, fertilizers, and selling soya and other products.
The team is expected to meet with officials of Demerara Distillers Limited, Gafsons Enterprises, Trinidad Cement Limited, Sterling Products, seafood processors BM Enterprise, and Caribbean Chemicals. They are also scheduled to meet with officials of the Private Sector Commission and the Guyana Office for Investment.
The businessmen paid a visit to Trinidad before embarking on their mission to Guyana.
King told Kaieteur News that the Brazilian government’s freeing up of Boa Vista as a port of entry provides an excellent opening for the development of trade between Guyana and Brazil.
She said too that the opening of the Takutu Bridge further enhances trade between the two countries.
King noted that while the road from Linden to Lethem is not in its best shape, the cross-border trade has to start “bit by bit” as Guyana and Brazil work out the details for the construction of a paved highway.
In terms of trade, Brazil has an agreement – the so-called Partial Scope Agreement with a number of territories within the framework of the Latin American Integration Association by which Brazil grants tariff preferences to Guyana.
The Brazilian government is open to the idea of extending the list of those tariff preferences that are granted at present to Guyana. Right now the countries do not have a very high volume of bilateral trade.
The latest figures indicate that Brazilian exports to Guyana reach a figure a little over US$20M a year. The deficiencies in physical infrastructures are mainly responsible for this. This is why the Takutu River Bridge and the possible reform of the road from Lethem to Linden would be useful to expand bilateral trade.
The Manaus Industrial Zone located in the State of Amazonas in Brazil, has nowadays, an annual volume of exports to foreign countries of about US$3B a year. Brazilian businessmen and industrialists located in the state of Amazonas especially are looking for an alternative route for shipping their produce abroad.
They are at present using the route by the Amazon River and they also export to the northern hemisphere via Venezuela.  But Guyana is seen as an interesting alternative route.

Similar Articles

The Glenn Lall Show|| February, 14th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

GBA assembles elite squad for 2025 Caribbean Boxing Championship in St. Lucia

GBA assembles elite squad for 2025 Caribbean Boxing Championship in...

Feb 15, 2025

Kaieteur Sports – The Guyana Boxing Association (GBA) has officially selected an 18-member squad, alongside four coaches, to represent the nation at the highly anticipated 2025 Caribbean Boxing...
Read More
PanAm Aquatics urges GASA reform, lift suspension of clubs

PanAm Aquatics urges GASA reform, lift suspension...

Feb 15, 2025

Alimohamed, Motie stroke fifties as Harpy Eagles stay in the hunt

Alimohamed, Motie stroke fifties as Harpy Eagles...

Feb 15, 2025

Mashramani Street Football Championships culminates tonight at National Park

Mashramani Street Football Championships...

Feb 15, 2025

Fitness Express to reward overall winners

Fitness Express to reward overall winners

Feb 15, 2025

Amaya Milk Company backs One Guyana Mashramani Softball Cup

Amaya Milk Company backs One Guyana Mashramani...

Feb 15, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]