Guyana, Indonesia sign MOU on trade, investments

Guyana, Indonesia sign MOU on trade, investments
Guyana Chronicle, 31 January 2008
THE Government of Guyana yesterday signed a Memorandum of Understanding
(MOU) with its Indonesia counterpart, to promote and protect trade
investments between the two countries.


Minister of Foreign Trade and International Cooperation, Dr. Henry
Jeffrey, (left), and Indonesia Ambassador, Mr. Suprijanto Muhadi
appending their signatures to the agreement yesterday.

Minister of Foreign Trade and International Cooperation, Dr. Henry
Jeffrey, officiated at the simple ceremony in Takuba Lodge, on South
Road, Georgetown.


He told the Indonesian delegation that Guyana is open for trade,
particularly in the timber industry.

Jeffrey disclosed that this country has entered into an economic
partnership agreement with Europe and is negotiating another business
venture with Canada to open new market opportunities.

The Indonesian Ambassador, Mr. Suprijanto Muhadi, remarked that the
signing was an historic occasion, because it will strengthen bilateral
relations and serve as a catalyst for similar arrangements between the
two countries.

Guyana and Indonesia established diplomatic relations in 1999 and began
negotiating the promotion and protection investments deal in 2004.

Permanent Secretary in the Ministry of Foreign Trade and International
Cooperation, Mr. John Isaacs, expressed satisfaction with the level of
understanding and mutual respect shared by the two nations.

The Republic of Indonesia is the fourth most populous country in the
world, with a population of 241,974,000 and about 1,903,650 square
kilometres being the total size of the 13,000 islands chain.