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(l-r) Permanent Secretary in the Ministry of Foreign Trade and International Cooperation, John Isaacs; Denise Goolsarran, OAS-CIDA Capacity Building Project Programme Officer; and Dennis Moses OAS National Director in Guyana at the launch of the CTRC Friday.

 

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AMCHAM launches in Guyana


Testimony to the strong links between Guyana and the United States

 - 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.
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

 

Mash 2006