Indonesian delegation explores trade, investment opportunities in Guyana
INDONESIANS are seeking to engage Guyanese businesses in several areas of trade, including sugar, machinery, tooling, footwear, building materials and consumer products.
This was disclosed at a meeting last Wednesday between the members of Georgetown Chamber of Commerce and Industry (GCCI) and a delegation headed by the Second Secretary in the Embassy of the Republic of Indonesia in Suriname, Ms. Endah Yuliarti Farry.
The discourse, in the GCCI boardroom, Carmichael Street, Georgetown, was attended by its President, Mr. Komal Ramnauth; Chairman of its Trade and Investment Committee, Mr. Clinton Urling and other members, Ms. Shanti Persaud, Mr. Raj Singh and Mr. Rabindranauth Seenarine.
Farry was accompanied by the Honorary Consul of Indonesia in Guyana, Mr. Sheik Niamatali and the former anticipated economic benefits from trade and investment ties between the two countries.
She invited GCCI members and the entire local business community to participate in annual trade fairs hosted in Indonesia.
Farry also presented a package to Ramnauth, which included information on the Indonesian economy and listed exporters and guidelines for doing business in that country.
She said Indonesia is an emerging market economy and ranks among the largest economies in Southeast Asia.
With a population well in excess of 200 million, it is the fourth highest populated country in the world, below China, India and the United States.
She said Indonesia has numerous exporters and offers several trade and investment possibilities.
Niamatali disclosed that Guyana imports confectionery, soap, paper, glass and building materials from Indonesia but there are other prospects.
According to him, a significant volume of Guyana’s timber is currently sold in South East Asia and facilitates two-way shipping opportunities on a regular basis.
Ramnauth welcomed the initiative on the part of the Indonesian Embassy and asked that the two parties accept the encounter as a first step in continuous collaboration.
Urling said he is impressed with the management of the Indonesian economy, as it is one of few to show a growth, in spite of the global economic downturn.