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Guyana Strategically Placed To Benefit From Both UNASUR And CARICOM

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Guyana is welcoming heads of Government and other officials from across South America to the 4th regular summit of the Union of South American Nations UNASUR. Like CARICOM, UNASUR is working to develop a single market but this one for South America.

Guyana finds itself strategically placed at the centre of the two trading blocs UNASUR and CARICOM and it is believed that this country stands to benefit significantly on both fronts. When the heads of government arrive, they are expected to discuss several issues including how they can benefit from each other’s resources and support development in each other’s states also.

The meeting is being seen as a keen one. Dr Mark Kirton who is a senior lecturer at the University of the West Indies Institute of International relations believes UNASUR and CARICOM could find themselves working hand in hand.

The UNASUR grouping represents over 300 million persons and with a figure like that, it could open many doors to the private sector and even more trade.

But the South American grouping is not just focused on trade, with many South American nations having border disputes, UNASUR has been showing leadership in that area.

The UNASUR meetings begin on Thursday morning at the international convention center at Lilliendall with the foreign ministers meeting. The heads of government will begin their discussions on Friday.

Meanwhile on Thursday evening from 5 at the National Library, the University of the West Indies institute of international relations and the University of Guyana’s social sciences faculty will host a panel discussion on UNASUR and its importance to South America and CARICOM. The forum is opened to the public.

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