Posted on

Guyana and Canada see improved commercial relationship


Guyana and Canada see improved commercial relationship

Social Share

Guyana has become Canada’s largest merchandise trading market as the bilateral commercial relations between the two countries increase.

The Canadian High Commissioner, Lilian Chatterjee, at the Georgetown Chamber of Commerce and Industry’s (GCCI) annual award dinner recently, noted that merchandise trade has increased from $297 million in 2015 to $703 million in 2016.

“Guyana is currently Canada’s largest merchandise trading market within CARICOM and Canada now Guyana’s top destination for exports. Our commercial relationship is growing and will continue to grow because we are natural partners”, Chatterjee said.

Additionally, the Canadian High Commissioner indicated that local businesses can capitalise on green technology and clean energy initiatives from Canada stemming from a recently signed MOU, between the GCCI and the Newfoundland and Labrador Environmental Industry Association (NEIA).

“So hopefully we can work with Guyanese private sector to share some solutions here. Guyana is poised for an exciting phase of economic development with an oil and gas industry on the horizon”, Chatterjee noted.

The GCCI’s annual dinner recognises outstanding local businesses for their work and corporate social responsibility throughout the year. Ramps Logistics flagship company, El Dorado Offshore was awarded the Business of the Year award in the small to medium category while GTT received the same award in the large business category.

The Ministry of Public Infrastructure meanwhile received an award for its excellence in public service. (DPI)