GEORGETOWN: Economies of Caribbean countries and some Latin American countries continue to strengthen and this is driving demand for a significant part of Guyana’s exports. In the first half 2015 earnings from the export of wood products to Caribbean and Latin America markets totaled $5.14 million, ITTO reported.
First half year 2014 earnings in the same markets amounted to $5.72 million. Despite the over 10% decline in first half 2015 earnings these markets remain firm and stable.
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Both the Caribbean and Latin American markets account for the major portion of Guyana’s exports of added value products such as doors, indoor and outdoor furniture, craft items, spindles, mouldings, prefabricated building components, window frames and wooden utensils as well as non-timber forest products.
The Forest Products Development and Marketing Council (FPDMC) is taking initiatives to promote the manufacture of value added forest products for both domestic and international markets utilising both commercial and lesser used timbers.
