A 2009 agreement between Guyana and Norway on climate funding for forests, bound Guyana to start formal negotiations with the EU towards a VPA. The Guyana and Norway Memorandum of Understanding (MoU) was signed in November 2009, committing Norway to pay US$30 million in 2010 and up to a total of US$250 million by 2015 if Guyana preserves its forests. Under the agreement, Guyana is required to show “evidence of...entering a formal dialogue with the European Union with the intent of joining its...FLEGT processes towards a...VPA”.
VPA Update May 2012_0.pdf