AS Guyana continues to expand its relationships with its diplomatic partners, the hosting of trade delegations to advance investment and business prospects continue to be paramount.
During the recently concluded International Business Conference (IBC), which was held at the Guyana Marriott Hotel in Georgetown, diplomats stationed here revealed that trade missions from their home countries are expected to visit Guyana soon.

This was disclosed during a panel discussion which focused on collaboration frameworks and potential opportunities from essential bilateral partners.
It was against this backdrop that United States Ambassador to Guyana, Nicole Theriot, said that a trade delegation from the United States is set to arrive in the country next week.

At the same time, Theriot took the time to highlight that US businesses invest in all sectors and even noted that the oil and gas industry is a key area of collaboration between the two countries.
British High Commissioner to Guyana, Jane Miller, also told the gathering which consisted of business leaders, members of the diplomatic corps and other private sector stakeholders, that a United Kingdom trade mission is set for November.

At that time, Miller noted that UK businesses have been involved in several sectors in the country, including agriculture but unlike the US, the oil and gas sector is not one.
As of recent, ties between Guyana and the United Kingdom have grown significantly, trade between the two countries topping some £1.9 billion and further putting Guyana as the UK’s largest trading partner in this region.

However, in relation to the ties between Guyana and the US, earlier this year Theriot stated that commercial ties between the two countries are stronger than ever with over 100 companies currently operating in Guyana.

At that time, Theriot also pointed to the over US$4.6 billion in trade recorded last year between the two countries.
With that, she highlighted the significant contributions of US businesses to Guyana’s economic growth which sustains the employment of thousands of locals.

SOURCE