High-level roundtable calls for national task force, better enforcement tools
The Private Sector Commission (PSC) is stepping up efforts to combat the growing threat of illicit trade in Guyana. In collaboration with key government agencies and industry stakeholders, the PSC on Tuesday hosted a high-level roundtable at the Marriott Hotel to strengthen national coordination and enforcement.
The meeting brought together representatives from major consumer goods companies, manufacturers, and distributors, alongside key enforcement bodies such as the Guyana Revenue Authority (GRA), the Customs Anti-Narcotic Unit (CANU), the Financial Intelligence Unit (FIU), and the Ministry of Home Affairs.
At the session, the PSC outlined the work of its Illicit Trade Desk, which was launched in 2024 to help detect and counter smuggling, counterfeit goods, and other illegal trading activities.
The economic impact of illicit trade was a major focus. One company reported losing 25% of its market share to illegal tobacco products, while others noted that in some sectors, up to 80% of premium goods are smuggled into Guyana.
Participants called for stronger penalties, improved data sharing between agencies, and tools like barcode verification to support market compliance.
The PSC also proposed the formation of a National Illicit Trade Task Force to drive legislative reform and lead coordinated enforcement efforts.
Follow-up steps will include workshops, training sessions, and the establishment of working groups to enhance cross-sectoral capacity.
