Private sector group welcomes Memorandum of Understanding between Guyana and Trinidad and Tobago

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The Private Sector Commission (PSC) has welcomed the signing of the Memorandum of Understanding on Renewed and Enhanced Cooperation between the Governments of Guyana and Trinidad and Tobago.

In a statement, the PSC said it recognized the commitment made by the leaders of the two countries to work together in the areas of trade and investment, agriculture and food security, security, energy and infrastructure.

“Through its council which represents the interests of 23 Business Service Organizations (BSOs), the PSC will take steps to engage the private sector in Trinidad and Tobago as well as the governments of both countries to establish a roadmap to move these commitments forward.

“We therefore call on the private sector in Trinidad and Tobago to work towards improving trade and economic relations and to collaborate fully with the Guyanese private sector and the government in a way that will allow a higher level of efficiency in areas of interest to both parties,” the CPS added.

He said he looked forward to the establishment of the High Level Bilateral Commission and looked forward to actively participating in the process of implementing “this historic Memorandum of Understanding.

“Furthermore, the PSC commends the Government of Guyana for its initiative to engage CARICOM Member States, through the just concluded Agricultural Investment Forum, not only on issues concerning barriers to trade , but also on those that affect women and youth, regional transport and food security,” the PSC said, referring to the CARICOM forum that ended on Saturday.

Last week, the Georgetown Chamber of Commerce and Industry (GCCI) expressed its disagreement with Guyana’s decision to sign a memorandum of understanding with Trinidad and Tobago on issues such as agriculture, energy and national security.

The GCCI, which describes itself as “the oldest and largest organization representing the private sector in Guyana, said “it is our mandate to ensure that the concerns of companies that have continually expressed difficulties in regarding business in Trinidad and with Tobago are expressed”

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