Guyana team on trade, investment mission in Brazil

May 10, 2017 News

By Gabriela Patram in Boa Vista, Brazil

A 12-member Guyanese team currently on a Trade and Investment Explanatory Mission in Brazil is slated to participate in several rounds of discussions with investors in Boa Vista.
These meetings will surround potential land options, how Brazilian businesses could access land in Guyana for large scale agricultural operations, incentives and procedures for the agricultural sector, general information on Guyana’s agri sector, and technical requirements when undertaking specific agricultural activities in Guyana.
The team comprises members of the Ministry of Business, the Guyana Office for Investment (Go-Invest), Guyana Lands and Survey Commission (GL&SC) and the Ministry of Agriculture.
The aim of the visit is to bring together decision makers in the relevant Guyanese agencies with serious Brazilian investors who are interested and ready to invest in large scale agribusiness in Guyana.
On the first day of the three- day mission on Monday, the team visited a number of farms in the vicinity of Boa Vista. The primary interests are opportunities related to corn, soybean, rice and livestock, as well as issues related to import/export, job opportunities, logistics and infrastructure.
Yesterday, Commissioner and Chief Executive Officer (CEO) of the GL&SC Trevor Benn held discussions with the President of the Land Institute of Roraima State, Alyson Rogers Soars Macedon. Benn related to the President that the GL&SC was impressed with the utilisation of land in Boa Vista and that the commission would like to have a relationship with the Land Institute, hence, a Memorandum of Understanding was proposed between the two entities.
The President of the Land Institute expressed happiness about the team’s visit and welcomed the idea of sharing information and expertise. He also proposed exchange visits among the two countries.
Minister of Business, Dominic Gaskin, was in Boa Vista to deliver the feature address to a number of stakeholders from Brazil and Guyana on viable alternatives to boost border businesses, and the economic consolidation of the region.
The prospects for trade growth between Guyana and the Roraima State of Brazil are promising. Among the many commercial activities with growth potential, it can be highlighted that Roraima State can produce and export soybean and soybean meal to Guyana and third markets. Guyana can export to Brazil, fertilizer and other agricultural materials.
At the same time Roraima and other Brazilian States can produce on public lands assigned under the land leasing regime of the Government of Guyana, contributing to the expansion of the cultivation areas in the geo-economic region and its consolidation as a food production platform to the world.

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