Latest update February 19th, 2025 1:44 PM
Latest News
- Several Venezuelan gang members wounded during ambush of Guyanese Soldiers
- Govt. unbothered by Trumps’ drill-baby-drill campaign impacting oil prices – VP Jagdeo
- Russia hardens demands as it holds first talks with US and without Ukraine
- Collaboration and commitment make Guyana special for investment- Exxon’s Senior VP tells Energy Conference
- Guyana calls on Venezuela to condemn attacks on soldiers
PSC meets with Canadian High Commissioner
– Discuss possible joint ventures between local and Canadian companies
Canadian High Commissioner, Pierre Giroux, flanked by members of the PSC.
The Private Sector Commission (PSC) met with the Canadian High Commissioner, Pierre Giroux, to engage in discussions on a number of critical areas, which are of concern to the Private Sector.
A number of issues were raised about Governance, the Guyana Elections Commission (GECOM), the State Assets Recovery Bill, Canadian Trade and Investments in Guyana and Guyana’s relations with Canada.
The PSC stressed the importance and the need for free and fair elections, which they believe can certainly be achieved through assistance from Canada and the other American British and Canadian (ABC) countries.
As it relates to trade and investment, it was noted that Canada is Guyana’s largest export destination; accounting for US$441.7 million or 30.7 percent of Guyana’s total exports of which 94 percent is gold as at December 2016.
Further, the assertion was made that Guyana has become a very attractive place for investment, especially since the offshore discovery of oil and gas.
The idea of possible ‘joint-ventures’ between Guyanese companies and Canadian companies was entertained as technical and technological assistance is needed in order to maximize on the new Oil and Gas Sector and its lucrative onshore activities.
The Government’s Green Economy initiative was discussed along with possible cooperation between Canada and Guyana to attain the Sustainable Development Goals.
Chairman of the PSC, Eddie Boyer, last evening, said that the body would have already met with the Business Minister, Dominic Gaskin, where discussions were held on various issues.
Boyer said that he is hopeful that the engagements will bear fruit. More engagements are scheduled to be held in the coming weeks.
The PSC recently met with Baroness Anelay, Minister of State of the Foreign and Commonwealth Office of the United Kingdom and Member of the UK House of Lords. The Baroness was paying a brief visit to Guyana. She was accompanied by British High Commissioner Greg Quinn and other officials.
According to the PSC, the body “took the opportunity of discussing a number of issues of concern and of national interest.”
Discussions ranged from the potential impact of Brexit on the region to the help that Britain, and the other ABC countries, have rendered at election time in Guyana in successful bids to ensure that the elections were free and fair and free from fear, PSC had stated back then.
“Also included was a discussion on the decline in the local economy which has been caused partly by a fall in commodity prices but exacerbated by excessive taxation and a lack of confidence on the part of investors.
The State Assets Recovery Agency (SARA) Bill and its implications were also raised.” The PSC had stated.
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