The Private Sector Commission (PSC) on Saturday announced the signing of a Memorandum of Understanding (MoU) with the Suriname Trade and Industry Association to strengthen economic ties and initiatives between the two organisations.
In a statement, the PSC said the MoU will establish a Guyana-Suriname Private Sector Business Council that will comprise representatives of the two bodies.
The MoU, signed virtually on January 26, 2022, by PSC Chairman Paul Cheong and Suriname Trade and Industry Association Chairman Bryan Renten, is to focus on the following areas of cooperation:
a) Promote trade, industry and investment as a means toward economic growth
b) Improve competitiveness through innovation and entrepreneurship
c) Partner in skills development to create solutions in education and workforce development
d) Promote Information and Communications Technology development and exchanges
e) Support an enabling environment for the rapid and secure movement of goods
f) Promote Joint Venture Partnerships / formation of synergies between businesses in the two countries
g) Collaborate on building & infrastructural development in key sectors such as transportation and Education and Skills Development Centre for Oil and Gas
h) Promote energy transition and climate change agendas driven by private sector involvement
i) Encourage and share Research & Development in Agriculture and partner in Forestry development
j) Advance the Tourism sector through partnerships and joint ventures
k) Provide Financing of large Public Private Projects with mutual benefits
The PSC statement said the 10-member Council, which will comprise five members from each body, is expected to be established within a fortnight.
