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AMCHAM
launches in Guyana
Testimony
to the strong links between Guyana and the United States
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Acting
President Samuel Hinds
By
Ruel Johnson

Acting
President Sam Hinds, left, shares a light moment with, right to
left, US Ambassador Roland Bullen; President of AMCHAM Guyana,
Deo Singh; Mrs. Bullen; Mrs. Singh; and AMCHAM Guyana Secretary
Rita Majeed.
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BUSINESSMAN
Deo Singh
cited crime, energy costs and restrictive border laws as the main
deterrents to economic growth in Guyana. Singh – the Managing Director
of DIDCO, and franchise holder for KFC and Pizza Hut outlets in Guyana
– was at the time speaking at the launch dinner of the American
Chamber of Commerce (AMCHAM) in Guyana at Le Meridien Pegasus, Friday
evening.
Singh, President of the newly formed body, said that crime is rampant
not only in Guyana but in other parts of the Caribbean; it was only
Guyana that has so far, however, failed to seek help from the law
enforcement agencies of more developed countries, the United Kingdom’s
Scotland Yard and the United States’ Federal Bureau of Investigation
(FBI) in particular. Singh said that if the crime situation continues
unchecked, the economy is going to shrink, spawning more crime.
He also cited high energy costs as a stumbling block to business in
Guyana, recommending that Government explore hydroelectricity as a
viable option in providing the country with a cheap source of energy. He
also posited that Guyana needs to relax immigration arrangements with
border countries Suriname, Venezuela and Brazil, as a way of stimulating
cross border trade and tourism.
AMCHAM Guyana was formed, according to Singh, after a discussion he had
with two other prominent businessmen, Komal Samaroo and Yesu Persaud,
Managing Director and Chairman of Demerara Distillers Limited
respectively. The organisation was established, Singh said, to help
Guyanese businesses find avenues for marketing their products in the
United States, as well as distributors for products that they might wish
to import into Guyana.
Acting President Sam Hinds welcomed the initiative, saying that it was
another example of the strong links that exist between Guyana and the
United States. He, however, warned that Guyana was not in a sound enough
position economically to be able to sustain potential demand for most of
the “new, fancy” things that could find their way to the local
market through AMCHAM initiatives. Hinds said a strong focus must be
made in stimulating growth in the local economy, so that it would be
strong enough to support new foreign products being made available to
local consumers, something he envisions happening over the next 30 years
approximately.
On the issue of crime, Hinds said that Government was putting a strong
effort into combating it; he cited the recent seizure of smuggled
gasoline at Buddy’s Farm on the East Bank as an example of this, but
lamented the subsequent disappearance of the trucks that were in custody
as part of Police investigations.
Hinds
said that Government had previously explored the purchase of
hydroelectricity but found the cost too prohibitive. However, he said
that if private sector representatives were willing to sit down with the
Administration, and come up with a commitment to exploring and possibly
adapting the use of hydroelectricity as an alternative to petrol-based
power generation, he would be willing to meet them.
On the issue of freer movement across Guyana’s borders, Hinds cited
Guyana’s trans-border initiatives with southern neighbour Brazil. He
noted that the work on the Takutu Bridge should begin next month and
that the bridge would be completed by June next year. He also said that
stemming from recent legislation passed in the Brazilian Congress, the
border town of Bom Fin in Brazil would soon be established as an
official exit/entry point between the two countries.
Feature speaker for the launch, US Ambassador Roland Bullen urged that
AMCHAM Guyana function not only as a force for the good of its
membership, but for the country as a whole. He stated that the
organisation can act as an apolitical voice in calling for increased
employment opportunities within the country; as well as serving as a
watchdog against corruption and red tape which threaten to stifle growth
and waste resources. Ambassador Bullen said that in the United States
and other countries, chambers of commerce – through their initiatives
– have often provided the crucial impetus for development, and he
urged AMCHAM Guyana to strive for this.
The AMCHAM Guyana office is located in the DDL Building on High Street,
Kingston; Correia’s Group of Companies employee, Rita Majeed, has been
appointed Secretary of the Organisation.
Sunday, October 02, 2005
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