{"id":14397,"date":"2023-11-29T16:10:39","date_gmt":"2023-11-29T16:10:39","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=14397"},"modified":"2023-11-29T16:10:40","modified_gmt":"2023-11-29T16:10:40","slug":"natural-resources-minister-urges-european-investment-in-guyanas-forestry-sector","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/natural-resources-minister-urges-european-investment-in-guyanas-forestry-sector\/","title":{"rendered":"Natural Resources Minister Urges European Investment in Guyana&#8217;s Forestry Sector"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Natural Resources Minister Vickram Bharrat has emphasized the significant value-added opportunities in Guyana&#8217;s forestry sector. <\/p>\n\n\n\n<p>He encouraged European companies to invest in the sector, highlighting that it has not been fully explored despite having 1000 different species of wood.<\/p>\n\n\n\n<p>While Guyana boasts the second-highest forest coverage globally and employs a superior management system, the logging industry primarily exports raw materials. <\/p>\n\n\n\n<p>Minister Bharrat stressed the importance of investing in value-added processes to enhance business opportunities in the forestry sector while maintaining its viability.<\/p>\n\n\n\n<p>Guyana&#8217;s forests, covering about 85% of the land area, include valuable trees like greenheart, wamara, and purpleheart, harvested for commercial purposes. <\/p>\n\n\n\n<p>Despite being exported to various destinations, the country&#8217;s logging operations are highly regulated, with the majority of forests classified as state forests under the administration of the Guyana Forestry Commission (GFC).<\/p>\n\n\n\n<p>In addition to the forestry sector, Minister Bharrat encouraged European companies to invest in the mining sector, assuring them of profitable benefits. <\/p>\n\n\n\n<p>The government is committed to providing incentives for the mining industry while emphasizing responsible practices to safeguard the country&#8217;s forests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural Resources Minister Vickram Bharrat has emphasized the significant value-added opportunities in Guyana&#8217;s forestry sector. He encouraged European companies to invest in the sector, highlighting that it has not been&hellip;<\/p>\n","protected":false},"author":4,"featured_media":14398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[362,350],"tags":[],"class_list":["post-14397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-low-carbon-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=14397"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14397\/revisions"}],"predecessor-version":[{"id":14399,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/14397\/revisions\/14399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/14398"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=14397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=14397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=14397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}