‘Trinidad has everything Guyana needs at this time’ – PM Nagamootoo

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Prime Minister Moses Nagamootoo has urged business owners in Trinidad and Tobago to invest more in Guyana.

According to the Prime Minister, Guyana’s economy needs technical experience in the oil industry as well as its experience in manufacturing and agro-processing.

“You have everything that an economy such as Guyana needs at this time,” the Prime Minister said.

A delegation of Ministers from Guyana on Friday last engaged the Trinidad business community at the Hyatt Regency Hotel in Port of Spain.

The outreach was hosted by Cammie Ramsaroop, Guyana’s High Commissioner to Trinidad and Tobago.

The Prime Minister, along with the Ministers of Social Protection, Natural Resources, Public Infrastructure and the Director-General of the Ministry of the Presidency, along with the Mayor of Georgetown, spoke directly with potential investors.

A section of the gathering at the event [Photo provided by DPI]
The Prime Minister said the investors’ outreach has been long in the making and there has been a deep interest in Guyana since the discovery of oil offshore.

The Prime Minister said that Trinidad can assist Guyana with the oil and gas industry and investors should be able to benefit from tax concessions, exemptions and unrestricted repatriation of profits.

“I believe that this is an excellent venture to reach out to investors and to make them feel that they are at home in Guyana,” the Prime Minister said.

The Prime Minister said that Trinidad has over the years been the most consistent investor in Guyana. He described Guyana’s relationship with Trinidad as a family with shared history, culture and ethnicities.

“We are making the pitch here tonight to the world at large, but we cannot be unmindful of the fact that charity begins at home,” the Prime Minister said.

“This is about family, it’s about relations and if we want to partner we have to start partnering with our family, it’s about us…it’s about the Caribbean.”

“Most of you here are not new to Guyana and I want to thank you profoundly that you have chosen Guyana in the lean times when we needed you most, when we needed to kick-start the economy, to get things going again, after many years of what was considered the stagnation, you came forward,” the Prime Minister said.

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