“The delegation includes myself, the permanent secretary and other technocrats from the ministry,” said Maharaj. The deal with the Guyanese Government would allow T&T access to land in that country for food production. It was announced by Finance Minister Larry Howai during the reading of the budget in October.
“The facility would commit both governments to expanding agricultural production in Guyana through the establishment of commercial relationships for funding the establishment of several large agricultural estates in Guyana,” Howai had said. Maharaj said the agreement was part of an initiative launched in 2005 by then president Bharrat Jagdeo.
The initiative was intended to help decrease the total import bill for Caricom’s 15 member states. The bill stands at US$4 billion. Maharaj said food security was more important now than ever. “We are looking at items that we import in substantial amounts so that we may bring down the food import bill,” Maharaj said.
He said though he could not give more details but meat was one of the products the ministry was considering for the Guyanese facility. Maharaj added that the production of rice, which contributed substantially to this country’s import bill had increased.
Earlier this year, the government set a target year of 2015 for the food import bill to be cut by 50 per cent. T&T’s food import bill was TT$4 billion at the end of 2011 and Maharaj said his ministry was committed to reducing the figure.
