According to the sources, it has been reported that rice has been making up the bulk of Guyana’s exports to Brazil under a preferential trade agreement mainly, as the statement issued by the Foreign Relations Sectoral committee on Thursday. During briefing the committee under the chairmanship of opposition People’s Progressive Party Civics’ (PPP), Gail Teixeira, the Foreign Affairs Minister of Guyana, Carl Greenidge narrated that since the Rupununi-based Santa Fe mega-farm, owned by Sir Kyffin Simpson and family of Barbados, began exporting rice to Brazil, that grain has been Guyana’s major export to the neighbouring South American country. Further, in this matter, the main factor contributing to that jump in this case is an increase in Guyana’s exports to Brazil which seems to be accounted for by the exports by Simpson’s Santa Fe Farm as well as Guyana Rice Development Board and Pak and Sons exports of rice to Brazil, as told by Mr Greenidge .The data presented to the sectoral committee show that Guyana sold GYD$1.8 billion worth of rice to Brazil in 2015 and GYD$264 million up to June, 2016.
At this occasion, the Trade Officer at the Ministry of Foreign Affairs, Sherwyn Naughton informed that so far all of Guyana’s exports to Brazil for this year have been rice, and of the GYD$1.881 billion worth of exports to Brazil in 2015, GYD$1.842 was for rice. However, other exports to Brazil included wheat, pasta, alcohol, bauxite, textiles and wooden furniture, but, these are in very small quantities. So rice has been the major export to the Brazilian market making up ninety percent or more of the exports. It has also been revealed that Guyana is allowed to sell, among other products, 10,000 tons of rice and sugar to Brazil under the Partial Scope Agreement that allows for either duty free or 50 percent or less duty-free access for some categories of products manufactured in either country.