Project/activity information

Back to project list Print
Project/activity ID TMT-PD006/11 Rev.3 (M)
Title STRENGTHENING MARKET INFORMATION SYSTEMS TO ENHANCE TRADE AND MARKET INTELLIGENCE IN THE FOREST SECTOR OF GUYANA
Status COMPLETED
Budget
ITTO: $320.920,00
National Counterpart: $99.900,00
Project Total budget: $420.820,00
Summary
Tropical timber trade in logs, sawnwood and plywood/veneer generates significant income and employment but international tropical timber markets are undergoing dynamic structural changes. Emerging out of the global economic crisis, the tropical timber trade is a much more competitive environment which necessitates strong marketing efforts to attract and retain lucrative markets for tropical timber products. Owing to this rigour and uniqueness of targeting and retaining niche markets, currently the emphasis in most cases, centre in competing in commodity markets. The central problem for Guyana is an insufficient market information system and limited capacity to promote trade in these markets. The specific project objective is to improve information systems, and capacity to promote trade and especially to develop an integrated market and trade information system that will benefit the regulatory agency and those directly or indirectly involved in the production, processing or trade of timber.

Ultimately, through greater foreign exchange and domestic earnings, the benefits will filter to the wider population of Guyana through increased revenue, employment opportunities and service provision. Additionally, the main advantage of enhancing market information system will be to allow for a more diverse market and trade environment to be developed in Guyana’s forest sector that will allow for a more dynamic and sustainable forest industry. The effects of this will impact on strong environmental management through more effective use of forest resources that garner greater income and earnings and benefitting from an improved market information system.

A major change envisaged will be a more thorough and rational approach to tropical timber trade issues and marketing based on greater knowledge and capacity. By involving stakeholders – including local communities – during the development of the activities target groups will have a sense of ownership of the outcomes. The project will establish the technical capacity (hardware, software and human resource) to sustain the outcomes and GFC will provide the labor and finance to continue the utilization of the technology/systems developed.
More
Project/Activity document
Completion report
Technical report(s)
Social media and
other media
Article in TFU 25/3 (page 16)
Photos