Chief Executive Officer (CEO) of the Guyana Office for Investment (Go-Invest), Dr. Peter Ramsaroop, recently revealed that Guyana and Barbados will have in-country representatives in both CARICOM Member States in an effort to expedite mutual commercial interests.
Dr. Ramsaroop made this revelation following a series of business-to-business collaborative sessions which were organized by Export Barbados and GO-Invest ahead of Barbados’ Agrofest 2022.
In the midst of global economic challenges such as supply chain disruptions driven in large part by the COVID-19 pandemic and the Russia-Ukraine war, the CEO indicated that stakeholders are in collaboration with Export Barbados to set up Trade and Investment Facilitation offices in Guyana and Barbados. Key partnerships are expected to be facilitated as a result of this initiative.
He said, “This will see Barbados having a constant presence in Guyana and vice versa. This move by GO-Invest and Export Barbados is also intended to ensure that commercial initiatives can be easily and expeditiously operationalized.”
Dr. Ramsaroop added, “The representative of GO-Invest will be housed within the Secretariat which has been set up by Export Barbados in the Pelican Village, while the representative of Export Barbados will be housed within the Guyana Office for Investment in Guyana.”
Guyana Standard understands that this collaboration will also seek to address some of the financing challenges which have been identified by key stakeholders. The initiative of Export Barbados is expected to establish the Export Bank of Barbados. This will see businesses in both countries benefiting from development financing opportunities.
