…Renewed cooperation between countries | Local company

The Private Sector Commission (PSC) of GUYANA yesterday called on the private sector in Trinidad and Tobago to work with their counterparts in the South American country to improve trade and economic relations made possible by the implementation of the protocol of agreement (MoU) which was signed by the two governments on Sunday.

In a press release, the PSC said it welcomed the signing of the Memorandum of Understanding on Renewed and Enhanced Cooperation between the governments of Trinidad and Tobago and Guyana.

The organization said it recognized the commitment made by the leaders of the two countries to work together on 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 affecting women and youth, regional transport and food security,” the PSC said, referring to the Caricom forum which ended on Saturday.

Last Tuesday, 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.

Expressing concern over what it described as non-tariff barriers to trade in place in the T&T, the GCCI, which described itself as “the oldest and largest private sector representative organization in Guyana, said “it is our mandate to ensure that the concerns of companies that have continually expressed difficulty in doing business in and with Trinidad and Tobago are voiced. »

But in a separate statement on Sunday, the GCCI said it welcomed the T&T government’s public commitment to work with the government of Guyana to remove non-tariff barriers.

GCCI described as “a step in the right direction” the decision of the two governments to set up a commission to work on removing the barriers.

“The Chamber wishes to encourage its private sector colleagues at T&T to support its government in its efforts to remove trade barriers,” the GCCI said, adding, “Such support would engender a relationship based on mutual respect and usher in a spirit of cooperation between territories for the advancement of the regional agenda and the development of the private sector.