MNRE, FPDMC to hold one-day seminar on benefits from enhancement of forestry products

 

THE Ministry of Natural Resources and Environment (MNR&E) and the Forest Products Development and Marketing Council Guyana Inc. (FPDMC), which comprises businesses involved in enhancement of forestry products before they are offered to customers, have organised a seminar to highlight incentives and investment opportunities in the value-added sub-sector of the forestry industry.

Operatives targeted for attendance at this seminar include manufacturers of wood products such as shingles, furniture and components of furniture, flooring, paneling and siding.
The one-day seminar is to be held on Friday at the Guyana Forestry Commission’s (GFC) Multiplex at Access Road, Kingston, Georgetown; and an MNR&E official said it would address issues that are beneficial to stakeholders in the sub-sector.

Reliable sources have in the past pointed out that Guyana must maximise the value it receives from its forestry resources if the industry is to truly be sustainable and contribute to the national economy.

The programme for those operators who are so doing would include presentations by representatives of the Guyana Revenue Authority (GRA), GOINVEST and the National Insurance Scheme.

The GRA presentation would highlight the tax concessions that are available to operators involved in adding value to forestry products; the GOINVEST representative would speak on investment incentives and investment opportunities that are available, and the methodology for applying for these incentives; while the NIS representative would speak on the need to be compliant with NIS regulations in order to access benefits offered by other Government agencies and to obtain worker protection.

Presentations would also be made by MNRE Minister Robert Persaud, the Guyana Manufacturing and Services Association (GMSA), the Forest Products Association (FPA), and the FPDMC. The seminar commences at 09:00 hrs.

(By Clifford Stanley)

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