Ministry of Foreign Affairs Hosts Workshop on Trade Remedies

December 14, 2019 – The Ministry of Foreign Affairs, in collaboration with the World Trade Organisation (WTO), recently facilitated a national capacity building workshop on Trade Remedies to provide public and private sector representatives with an introduction to trade remedies; as well as an overview of Safeguard Measures, Anti-Dumping measures, Subsidies and Countervailing Measures, and Special Economic Zones and the Subsidies and Countervailing Measures Agreement.

Mr. Seref Gokay Coskun, Counsellor at the World Trade Organization, facilitated the three-day workshop

Participants engaged in exercises to further their understanding of trade remedies and unfair trading practices.

Participants engaged in exercises to further their understanding of trade remedies and unfair trading practices.

Trade remedies are measures used to counter instances of unfair trading practices such as dumping by exporting countries that can suffocate local industries producing similar products. Guyana presently does not have domestic legislation or a regime to investigate and discipline such practices.

The Ministry of Foreign Affairs is also currently engaged in efforts to have legislation related to Anti-Dumping and Countervailing Measures enacted.

The workshop sought to build an understanding of the issues and to help the relevant agencies acquire the necessary skills to investigate instances of unfair trading practices.