Guyana is a safe place to invest, says President Ali

The government of Guyana and the single sector will be joining teams to break down barriers that prevent Guyanese goods from entering the CARICOM Single Market Economy (CSME), published by president Dr Mohamed Irfaan Ali, Friday in his theme businesses at the launch of the Canada-Guyana Chamber of Commerce.

President Ali declared that for years, Guyana has been working on getting its products into the CARICOM business with little success. 'This has to change. We have facilitated financing from other CARICOM countries out any hurdle.

Our private sector never complained about it. Our private sector never said to the state scale back. The matter of fact is we are not being used the same way. It has to change,' president Ali said.

The director noted that there must be a fair playing field for investors after highlighting that it took Guyana years to get their ice-cream into the CARICOM market.

'I have requested the foreign ministry today to bring a record of all the hurdles we have in every individual market in CARICOM and we are going to put together a joint team of the private sector and the power to break down those hurdles, to get our products in,' president Ali emphasised.

'Guyana is a safe place to invest. Guyana would promote investment. We are not going to put barriers in your way. We are going to facilitate investment but , your house has a duty to ensure that you do not have barriers elsewhere doing business and this is what we have to work on.'

CARICOM's official website states that the CSME attempts to complete provisions for the relocation of trade and business related restrictions. The provisions fulfills the right to establishing businesses, to give regional services, the free movement of capital and the coordination of economic policies.