General News

STATEMENT BY THE CARIBBEAN COMMUNITY (CARICOM) ON THE GUYANA-VENEZUELA BORDER CONTROVERSY

The Caribbean Community (CARICOM) notes with grave concern the contents of a Communique emanating from the Bolivarian Republic of Venezuela regarding the announcement made by our sister Member State, the Cooperative Republic of Guyana, about its intention to open bids for certain oil blocks in the waters adjacent to Guyana’s coast.

His Excellency President Dr Irfaan Ali met with the former Prime Minister of the United Kingdom, Sir Tony Blair at State House today.

Mr Blair is the first former or sitting British Prime Minister to visit the country.

During his two-day visit, he is scheduled to participate in a sit-down conversation with President Ali which will be moderated by Vice Chancellor of the University of Guyana, Professor Paloma Mohamed-Martin. They will discuss global climate challenges, Guyana’s leading role in environmental protection and the importance of education and scientific research.

President Dr. Irfaan Ali highlighted the efforts of Guyana and the Dominican Republic governments to support their respective private sectors and encourage them to capitalize on growing opportunities.

During a private sector meeting in Santo Domingo, the capital of the Dominican Republic, on Tuesday afternoon, the Head of State highlighted the opportunities in Guyana, including the country’s agricultural potential, fresh water access and the

imminent reduction in the cost of electricity.

He also spoke of the ease of access to the Northern Brazil market and CARICOM.

He told the private sector representatives to form themselves into consortiums and work towards mutually beneficial investments.

The governments of Guyana and the Dominican Republic signed six Memorandums of Understanding (MoU) that will enhance collaboration and build on available opportunities.

His Excellency President Dr Irfaan Ali, who witnessed the signing yesterday, called it historic and said that it is a precursor to solid, long-lasting partnerships.

Several of the Memorandums of Understanding are within the oil and gas industry, including, the establishment of an oil refinery; the establishment of a petrochemical plant and a study for participation in Guyana’s Oil Exploration Block.

The two countries also aim to enhance their agriculture potential, cooperation and will team up to market both their sun and sand and nature base-tourism.