The 33rd Inter-Sessional Meeting of CARICOM Heads which ended in Belize yesterday saw regional leaders agreeing on a review of the issue of local content in keeping with the CARICOM Single Market and Economy (CSME) agreements.
The issue was addressed at the meeting following the CARICOM Private Sector Organisation (CPSO) raising concerns over the Local Content legislation passed by Guyana for its oil and gas industry noting that it appeared to violate the revised Treaty of Chaguaramas.
The concerns came to the fore following a leaked email from CPSO in which Chairman, Gervase Warner who also happens to be the President and CEO of the Trinidad-based Massy Group raised the issue.
