Latest update February 18th, 2025 1:40 PM
Jul 06, 2016 News
Business advocacy body, the Private Sector Commission (PSC) last Friday met with Ambassadors George Talbot, (designate) to the Federative Republic of Brazil and Ambassador David Hales (designate) to Brussels, Belgium, to outline how they could use their appointments to advocate the enhancement of Guyana’s trade.
According to the PSC, it was discussed that while political diplomacy is important, the ambassadorships can also be used to forward the country’s economic cause.
“We are cognizant of the fact that Guyana is becoming economically diversified, evolving beyond the traditional natural resources. As we explore new horizons, the marketing of Guyana through our embassies and commercial attaches becomes advantageous.”
According to the PSC, the embassies are critical to ensure that all trade agreements are properly analysed and enforced to ensure more opportunities for the private sector. The body said it would like to see improvements with regards to trade with neighbouring Brazil, and the realization of the Road Traffic Agreement with the neighbouring country, as well as the passing of the additional items in the partial scope agreement that has been pending at the federal level for a very long time.
“There is some amount of unfriendliness at the port of entry at Lethem for goods entering Brazil.
It is hoped that the private sector can continue its engagements with SEBRAE, the Chambers of Commerce of Boa Vista and other agencies in Brazil with the installation of Ambassador Talbot.”
With regards to the recent referendum which saw Britain voting to come out of the European Union, the commission said it is difficult to predict the impact on Guyana’s trade with that country.
“We have to wait and see what gives. We hope to preserve both our political and economic ties with the EU through the appointment of Ambassador Hales who had previous experience working with the EEC, in Brussels, we have a unique opportunity to further promote our economic cause.”
PSC said that it remains confident that both Ambassadors Talbot and Hales would make every effort to promote the cause of the Guyana Government, and by extension the private sector, on matters of political diplomacy and economic development.
Europe is a major buyer of Guyana’s sugar and lumber with Brazil striking a trade deal in recent years.
The two neighbours are planning to build a deep water harbor project, a mega-hydro power dam and paving the Linden/Lethem road.
There are thousands of Brazilians working and living in Guyana.
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