GEORGETOWN, Guyana, Apr. 21, (CMC) – Agriculture Minister, Noel Holder, is currently engaged in a series of meetings with representatives of the Inter-American Development Bank (IDB) to venture into establishing an all-weather road from Guyana to Brazil.
According to Holder, the country has tremendous potential, but is limited by access to markets.
“Guyana is the bread basket of the Caribbean, but the problem of getting our commodities out of Guyana is a major issue,” Holder stated.
General Manager for the Guyana Marketing Corporation, Ida Seale, disclosed that, in terms of agro-processing, the road would be a tremendous game-changer, since packaging material can be sourced from Brazil to further develop the agro-processing industry.
Peter Cardebring, an economist from HPC Hamburg Port Consulting GmbH, pointed to some of the direct and indirect effects such a project poses to businesses.
He said such a road would be critical for both parties opening up tremendous trade relations. With the completion of the road project, new markets will be established, in addition to expanding existing ones, he added.
Further consultations on the way forward are expected to continue with the Ministers of Finance, Business and Public Infrastructure over the next month.