Ensure local businesses are not hampered

Nov 29, 2010 Letters

Dear Editor,
It was reported in the newspapers that President Jagdeo met the Board of a Trinidadian Conglomerate. For a President to meet the Board of a company on their own ground is not protocol and is fraught with a lot of implications. Usually company Boards and CEO’s meet a President in his office.
If the President is offering investment opportunities in Guyana, he should confine himself to those activities in which Guyanese businesses are not involved and could in no way hamper or cross Guyanese businesses.
In this regard, we are reminded of Government’s cosy tie-up with CLICO where one Guyanese firm complained that Government was acting against the interest of local industry by giving CLICO preference over molasses, which was vital for rum production and the survival of the rum industry.
This tie-up also resulted in Government having to use taxpayers’ money to pay the CLICO policyholders when that company collapsed into bankruptcy.
Whatever arrangements or agreements the President or the Government makes with foreign firms it must in no way injure, deprive or in anyway negatively affect Guyanese businesses or Guyanese business persons.
V. Redman

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