Latest update April 19th, 2024 12:59 AM
Apr 10, 2010 News
The Guyana government says that it will adopt a “formidable aggressive position” when it joins other territories in the regional integration bloc CARICOM for the first ever CARICOM-Brazil Summit.
“We would be expected as the immediate beneficiary of CARICOM-Brazil engagements to take formidable aggressive position in pushing integration of Guyana and CARICOM economy with the Brazilians,” Head of the Presidential Secretariat Dr Roger Luncheon said, Thursday.
The summit is planned to open April 26 in Brazil’s capital Brasilia. “I think we have reasonable cause to be looking for good outcomes from the CARICOM- Brazil summit,” said Dr Luncheon.
“Our expectations are the kind of support that has been provided to us in Guyana in the engagement in the bridge, in the agriculture sector, 53 plus businessmen were here less than a month ago scouring Guyana and looking at opportunities for trade and investment.”
Guyana is optimistic about increased trade and economic co-operation between the two countries, given development at Lethem with the commissioning of the Takutu Bridge by the Presidents of Brazil and Guyana.
Accompanying the commissioning of the bridge was the opening of the multi-purpose complex in Lethem, which was completed at a cost of $38.2 million, and which now provides accommodation at the trans-boundary location for customs, immigration, security, health, and agriculture.
In the first four months since the opening of the bridge last September, there were over 6,000 vehicular arrivals and more than 18,000 passenger arrivals. The government is optimistic that this frontier provides abundant opportunities to improve trade and economic relations between Brazil and Guyana.
Further, the introduction of the Special Border Regime has resulted in benefits such as duty free access for certain items in the territory of the other, waiver of the requirement of passports for Guyanese and Brazilian nationals visiting the border towns of Bon Fim and Lethem, and the provision for taxis from Guyana and Brazil to take passengers up to the established barriers on either side, all in an effort to increase co-operation in the area of trade and investment.
So as to better facilitate private sector investment in Lethem, taking advantage of the recently expanded opportunities, Government has already spent $41.5 million to finance infrastructure at the Lethem Industrial Estate.
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