Latest update January 10th, 2025 5:00 AM
Jul 29, 2017 News
Abena Rockcliffe-Campbell
The success of the private sector is not only determined by economic development of the various sectors, but also by operating in a safe environment, said President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar.
He called on those responsible for the security in Guyana to keep the citizens safe so that business can be conducted in a conducive environment.
The call was made on Thursday evening at the Marriott when GCCI launched the 8th Edition of the Business Guyana Magazine.
Indar said that the magazine is an annual one. He said that the Chamber is proud of the tradition started by former President Clinton Urling.
Indar noted that each year, the magazine takes on a core message based on the main issues in that year. This year, the main issue being oil, GCCI magazine is titled the ‘Promise of Oil.’
Indar said that over the next two years, GCCI will be advocating for businesses more than ever before, in areas such as advocacy for reduced taxation, reduction of importation issues specifically with customs and food and drugs.
He said that already, the Chamber is contributing and advising on the improvement of economic sectors, such as agriculture, manufacturing, importation, wholesale and retail, small and micro businesses, forestry, financial services, construction, oil and gas and other sectors.
“We are working with other Business Support Organizations (BSO) to remedy issues and constraints facing these sectors in the furtherance of development of the private sector.
We are and will be working with the Ministry of Natural Resources on Local Content Policy and legislation, where and how we expend revenues from Oil and the New Petroleum Commission Bill.”
Also, Indar said that GCCI is working with the Ministry of Finance on a Public Private Partnership Policy Framework and will provide input to the National Budget for 2018 via the budget consultation process.
Further, the Chamber is working with Ministry of Public Health on food and drug importation issues faced by importers and the procurement of pharmaceutical supplies by Government to ensure all private sector suppliers are given a fair chance.
“We are working with the Ministry of Business, PSC, and GMSA on a Business to Business Exposition which will be in April 2018.”
Indar said that GCCI also has planned trade missions from Canada, Caribbean Countries, and Ameritrade of the UK for hosting one of the largest oil and gas and mining shows in June 2018.
“And on other housekeeping matters we are in the process of re-building the Chamber office at Waterloo Street to make it more up to date and more pleasing to the eye.”
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