Europe eyes bigger stake, simplified access to Guyana market as trade grows

Europe eyes bigger stake, simplified access to Guyana market as trade grows
Outgoing EU Ambassador to Guyana Dr. Fernando Ponz Canto chats with President Irfaan Ali [Photo: Office of the President/ August 17, 2022]

While he hopes that this new partnership with the EU private sector will help to push Guyana’s ambitious goals in food security, climate change services and energy, he said that the chamber is strategic for another reason.

“The EU market is important for food security and technology.

“Just the war in Ukraine(a European country) has taken out more than 30 percent of wheat production globally,” President said, explaining that linkages with EU countries can help Guyana withstand these unexpected global events.

From the EU’s perspective, this new body in Guyana offers an opportunity for businesses to easily access the South American market.

Ben Butters, the Chief Executive Officer of Euro Chambers- an organisation representing Chambers across the EU, said that EU bodies are constantly working on removing “unnecessary and disproportionate” barriers that hinder trade.

“To do that, we need reliable, like-minded partners in those countries,” he added.

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