November 16, 2011 issue | |
Headline News | |
Remembrance Day at Fallen Soldier Monument |
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Remembering the Fallen: At the Vishnu Mandir's Fallen Soldier Monument on November 10, from left: Colonel Gerry Nudds, Major Charles Jansen, Major Giovanni Moretti, Lieutenant-General Peter Devlin, Lieutenant Boniface Yogendran, Dr. Budhendra Doobay and Major Sandi Banerjee. Pix by Arti Panday |
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By Arti Panday
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Plans in train to replace Caribcan Agreement | |
Natasha Mustapha-Scott, CEO, T&T Manufacturers' Association | |
By William Doyle-Marshall |
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Rabinder Rambarran, Executive Director of the Private Sector Commission of Guyana. | |
concluded that Canada has a lot to offer. Just their more stringent regulations, higher standards and a lot of things could help us to become more competitive as a region, Mustapha-Scott observed. Rabinder Rambarran, Executive Director of the Private Sector Commission of Guyana has returned home convinced that there lots of opportunities for Caricom producers to get involved in areas like pawpaw, water melon, mangoes production. "Those are things we could probably grow," he said. |
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(L-R) Trevor Boothe of the Caricom Secretariat, Ambassador Gail Mathurin Chief CARICOM Negotiator and Philip Buxo, Trinidad and Tobago's High Commissioner to Canada consult during the opening of the Trade Talks in Mississauga. Pix by William Doyle-Marshall. | |
He suggests selecting four or five products and working on them to build up the volume so there is going to be a continuous supply chain. The Commission's Executive Director is determined to pursue some kind of business opportunity for Guyana to be engaged with Canada. He visualizes regional manufacturers working with Canadian businesses that are supplying Caricom market with certain products. They could even develop and sell the product under the Canadian partners' name or there could be franchise arrangements. Rambarran identified the possibility of Canadian businesses working with their Caribbean counterparts to be greater producers of food for the region. Citing the pork industry, Rambarran noted Barbados imports $1.7 million U.S. per year for pork and pork products from Canada. "Why the Canadians can't work with the Caribbean especially with Guyana where we have the vast amount of land?" He also believes there are lots of other products Canadian companies are selling to the Caribbean that could be produced locally. Elliott Page, Manager, Trade and Export Development, Caribbean Export Development Agency said at the end of the day what is needed is an agreement that will benefit the private sector on both sides (Caricom and Canada) and that both will utilize. For these negotiations to be successful, the private sector has a vital role to play, he stressed. It (private sector) must offer advice of what its needs are to the negotiators. However Page's experience tells him that traditionally there is not a lot of trust between the public and private sectors. That perhaps needs to change, he advised. Gary McFarlane, Operations Manager Grace Kennedy (Ontario) Inc. said the trade forum was important as his peers needed to meet as a group from the different industries. "It was good we had a chance to meet together as a group and discuss those concerns. A lot of them overlap, a lot of them are unique to certain industries but we got the opportunity to table it and we are hoping at the end of the day everything that was discussed will be taken into consideration when they are looking at renewing the agreement." While Caribbean private sector administrators are anxious for an improved trade document, Minister Ablonczy admitted during the forum that it's time to break down trade barriers instead of building them. She recognized that around the world, nations are making it easier to do business with one another. That's because global economies are increasingly intertwined with supply chains, value chains becoming more transnational, she emphasized. |
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