President of the Caribbean Court of Justice (CCJ) Adrian Saunders says the rule of law and the regional court will play an important part in making the benefits of Guyana’s emerging oil and gas sector are widespread and sustainable.
Saunders who was speaking at the Guyana Manufacturing and Services Association (GMSA) Business Luncheon in Georgetown, Guyana said the CCJ has particular relevance to Guyana at this time, as the country is poised for a significant take off as the economic prospect of the South American country could easily make it easily make it the envy of its Caricom sister states and some Latin American states as well.
The CCJ president said the basic ingredients are present for this to occur, the large and fertile land mass, oil deposits and precious metals, the abundance of rivers and the country’s natural beauty.
This economic progress, he noted, can be thwarted or it can be significantly enhanced with good governance and faithful adherence to the rule of law.
The rule of law in this sense implies legal accountability, fairness, respect for minorities, the observance of human rights, judicial independence, separation of powers and equality.
Saunders pointed out that ultimately the people will look to the CCJ and the courts of Guyana for setting appropriate standards in these matters.