BILATERAL CHAMBER | GUYANA

Guyana is a country of 787,000 people. Infrastructure is a priority for the government and President Irfaan Ali has committed to tapping the country’s sovereign wealth fund to invest in the country’s infrastructure. The government plans to build new hospitals, roads and highways, hotels, schools, and expand the airport, all in an effort to overhaul the economy. The government knows it cannot do this alone, which is why it stands ready to welcome U.S. businesses and investors.

Bilateral Chamber Signs MoU with Private Sector Commission

March 4, 2022 | Houston, Texas USA

The Bilateral Chamber of Commerce and the Private Sector Commission (PSC) have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana. The signing ceremony was witnessed by Guyana’s Minister of Natural Resources, H.E. Vickram Bharrat, T.H. Sarah-Ann Lynch, U.S. Ambassador to Guyana, ExxonMobil executives Dr. John Ardill and Alistair Routledge, and Dr. Peter Ramsaroop with GO-Invest Guyana. Additional event attendees included executives from leading energy, real estate, and technology companies.

The two parties signed a Memorandum of Understanding during a ceremony in Houston on Wednesday, May 4, 2022. The MOU promotes trade and investment across sectors, including infrastructure, healthcare, industry and education. The agreement, signed by Ms. Aida Araissi, Chief Executive Officer of the Bilateral Chamber, and Mr. Paul Cheong, Chairman of the PSC, was the fruit of the Bilateral Chamber’s first Trade Mission to Guyana in March 2022.

Ms. Araissi said, “we are proud to be ranked as a top producing contractor for the US Trade and Development Agency (USTDA). Our Bilateral Chamber and USTDA programs represent over US$100 billion dollars of exported U.S. goods, services, and advanced technologies and we’re looking forward to bringing that kind of expertise to Guyana, to grow the local content.”

The Chamber and the PSC will work together in the coming months to organize more trade missions that bring together businesses from the U.S. and Guyana.

Mr. Cheong said, “today is a historic day. We will work on building a partnership that members of both sides will be proud of. This is just the beginning”. Prior to the MoU signing, the Bilateral hosted a boardroom session featuring Guyana's Minister of Natural Resources, H.E. Vickram Bharrat, and the Deputy Assistant Secretary for Manufacturing, Dr. Monica Gorman.

For 25 years, the Bilateral Chamber has leveraged its extensive resources and network to promote trade, investment, education and workforce training in emerging economies around the world.

For more information on the Task Force on Guyana or the Bilateral Chamber's Guyana initiatives and trade mission, contact Mr. Adrian Castillo at adrian@bilateralchamber.org.

The Guyana Task Force promotes economic development in Guyana while facilitating business opportunities for the Bilateral Chamber’s member network and partners. The Task Force is composed of private and public sector leaders, representing government entities and diverse industries. Their counsel and expertise will help companies and organizations navigate the business landscape in this rapidly changing market.