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TT, Guyana seek new economic ties

RIME MINISTER Kamla Persad- Bissessar welcomes President of Guyana Bharat Jagdeo to the Office of the Prime Minister, St Clair, where they held talks on economic cooperation. Author: AZLAN MOHAMMED

By: CLINT CHAN TACK (Trinidad & Tobago’s Newsday)

PORT OF SPAIN/ GEORGETOWN -Prime Minister of Trinidad and Tobago -Kamla Persad-Bissessar and President of Guyana Bharat Jagdeo yesterday announced that both countries will be building new bridges of economic cooperation. Addressing a joint news conference with Jagdeo at the Office of the Prime Minister in St Clair, Persad-Bissessar observed that Guyana’s economy was “very buoyant” in terms of its tremendous natural resources.

With Guyana embarking on a major oil and gas exploration thrust later this year, Persad-Bissessar suggested to Jagdeo that, “TT may be able to lend some expertise in that regard because we are well poised with that kind of expertise when it comes to oil and natural gas.”

Disclosing that Jagdeo will return to TT in September with a team to meet with local business persons and other investors, the Prime Minister said TT stands to benefit from the strides which Guyana has made in the area of food production “over a relatively short space of time.”

She stressed that this was a sector which her government was keen to see growth in and welcomed any expertise which Guyana could offer in the area of food production.

Observing that Guyana has become “a gateway into South America” with the construction of a new bridge into Brazil, Persad-Bissessar said this bridge could provide local investors with easier access to markets in Brazil, if they felt so inclined.

She also disclosed that Jagdeo invited TT to attend a meeting which he will host later this year in Guyana with the leaders of 12 Latin American nations. Persad-Bissessar said this would provide a unique opportunity for this country to further strengthen its diplomatic and economic ties with these countries.

Jagdeo welcomed Persad-Bissessar’s overture of assistance to Guyana’s energy exploration efforts, hinting there was a strong possibility of major oil and gas discoveries in Guyana. “We think the potential is huge based on all the studies, including studies by the US Geological Survey.

“If we were to find oil and gas we need tremendous capacity to develop the industry. Since TT has that capacity and it’s culturally closer to us, I think we will be able to source that capacity. We are looking to develop strong cooperation with TT in this sector,” the Guyana president said.

However Jagdeo said Guyana would not be importing any natural gas from this country to fuel any of the hydro-electric initiatives which it is currently pursuing.

He said a hydro-electric plant which will provide Guyana with all of its electricity needs, is under construction and scheduled for completion in 2013.

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  1. Bibi
    June 25, 2010 at 2:38 am

    it would be interesting to see these two nations working hand in hand!

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