The Georgetown Chamber of Commerce and Industry has been in existence since 1889. It is the oldest and most prestigious Private Sector representative body in the country. From its inception, the Chamber was tasked with the promotion of trade and industry at the local, regional and international level. Undoubtedly the macroeconomic environment that the Chamber operates within plays a major role in influencing way the organization functions.

In the 1980's, the Socialist dogma kept the Chamber under tight control. The organization was not allowed to execute its mandate since the Private Sector itself was being muzzled. Since the early 90's, the major economies in the world started embracing Globalization and Free Trade. Thus, it was inevitable that Guyana embark on radical reforms. The Private Sector was now being recognized as the "Engine of Growth" and was tasked with the responsibility of propelling the country into the new millennium.

What does this mean for the Georgetown Chamber of Commerce and Industry? Because we are now operating in a radically changed business environment, the GCC&I has to be able to cope with the increased demands of the business community. The Chamber recognizes that it must take bold steps to enhance its service to its members. In this respect, the Secretariat embarked upon a massive face-lifting exercise. Thanks to the determination of our members and councilors, the Chamber has been able to transform its Secretariat from an eyesore to a respectable building.

With respect to Information Technology, the Secretariat has procured from the USAID, a computer and printer together with computer accessories. It has also secured a photocopier and several pieces of office furniture. This grant will definitely boost the Chamber's information capabilities. The S.E.O. has requested through The Sustainable Development Networking Programme, Dial-up Internet access for e-mail and the World Wide Web. Members have already been requested to submit to the Chamber any specific information requirements their company may have. The Secretariat will endeavor to compile a Trade Information Manual, which will satisfy your information needs.

On the level of representation, the Chamber has been instrumental in brokering several deals involving government and private sector. The customs problems, the exorbitant increases in rates and taxes, excessive corporation, consumption and property taxes, were all issues the Chamber was actively involved with. Both individually and through the umbrella PSC, the Chamber represented its members on issues like the proposed privatization of the GEC, and the steep hike in telephone rates. In addition, the Chamber has recently submitted to the Minister of Finance a comprehensive compilation of the concerns of the business community for consideration in the 1998 National Budget. Within this proposal, the Chamber has spelt out in detail the benefits that it feels the business community should enjoy.

The Chamber is highly involved in the business of representing the interests of its members at all levels. The S.E.O. meets with various representatives from the private, public and international agencies. The objectives of these meetings are summarized in the monthly SEO's report, which is presented to council.

Accountability within the Chamber has also been a number one priority. From since 1993, the Chamber has been able to produce fully audited accounts and from 1994, financial statements are compiled on a monthly basis.

At the political level, the Chamber recognizes that the business community is being severely affected by the current political instability within the country. In this respect, even before the general elections, the Chamber met with both major political parties, the PNC and the PPP. During the post elections trauma, the Chamber through the PSC, played and is still playing an important role in promoting a rapid return to a state of normalcy.

The business community must be fully aware of the challenges that the 21st century poses. No longer can businessmen afford to be complacent. With trade liberalization, donor fatigue, drying up of preferential treatment etc., the way business is done locally must reflect a much greater degree of efficiency if local businesses are to remain competitive. The Chamber will continue to seek creative and innovative ways of institutional strengthening and enhancing its service to its members.