GEORGETOWN: Strong demand in Europe and Oceania for Guyana’s timber and wood products resulted in satisfactory first half 2015 export earnings of $2.41 million, up 15% on the $2.09 million in the first half of 2014, ITTO reported.
Demand was particularly firm for sawnwood and finished products such as doors and indoor and garden furniture. Despite the good exports performance in the first four months of 2015 export sales dipped in May and June the combined effect of global economic issues and a drop in domestic output because of national elections.
The Forest Products Development and Marketing Council along with the Guyana Forestry Commission is promoting the benefits of the Voluntary Partnership Agreement (VPA) being negotiated with the EU.
When the VPA is concluded it is expected the EU market will be absorbing more of Guyana’s wood products there by improving the profitability of domestic industry and contributing more to the economic development of Guyana.
Guyana Gold Board reopens Bartica office
GEORGETOWN: Government reopened the Guyana Gold Board (GGB) office in Bartica, Region Seven, more than a year after closing it...
