– as trade between countries soared to £1.6B in 2022
Visiting UK delegation eyes massive investments in infrastructure, renewable energy in Guyana – Guyana Times
Trade relations between the United Kingdom and Guyana are scaling new heights as 50 per cent of companies from visiting delegations have already made some investment locally.
Dr Singh detailed, “Previous missions like this have recorded an extremely strong success rate. Fifty per cent of the companies that came in the previous trade missions have already concluded at least one transaction and are doing business in Guyana.”
“I think there is a huge infrastructure opportunity where UK companies can really bring their international expertise, ranging from port infrastructure, roads, airport expansion and upgrades. One of the exciting things happening in the UK over the past few years has been the development of our export credit agency UKF… which has very generous cover for Guyana.
“Guyanese goods pay little to no duty at all being exported to the UK. Again, there is very little barrier there and a lot of opportunity…There are lots of positive things that happened over the last 18 months which really opened the UK market for Guyanese exporters and with the visa-free access to market, and the Guyanese market to UK suppliers,” Bennett added.
“Certainly, we welcome this delegation into Guyana now. We will have B2B engagements with our almost 900 member companies. They will have an in-depth knowledge of what the sectors are that we specialise in and how they can best contribute to the development of Guyana’s economy,” he focused.
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