Five US firms visited for trade opportunities
From October 25-28, the U.S. Embassy in Georgetown hosted a Department of Commerce “Trade In the Americas” delegation consisting of five firms representing approximately US$205 million in revenue from across the United States.
A statement from the US Embassy yesterday said that the firms were part of a larger trade conference that took place in Miami and brought together nearly 200 entities which were interested in the Caribbean market. Select firms travelled to Guyana and other Caribbean nations during the week. U.S. businesses participated in meetings with local firms throughout the Caribbean’s key sectors such as energy, infrastructure and agriculture.
While in Guyana, the statement said that the companies held a productive day of meetings with key private sector contacts and experts to highlight Guyana’s business environment, learn about the Government of Guyana’s efforts to promote investment and economic diversification, explore market entry strategies, foster partnerships, and develop closer trade ties between Guyana and the U.S.
U.S. and Guyanese participants stressed the serious potential for future partnerships and business deals as a result of their encounters, the statement added.
“The U.S. firms were very impressed
with Guyana’s private sector and the opportunities their over 30 engagements with local organizations provided for partnerships”,
the statement said.
The delegation sought to capitalize on the strong bilateral trade relationship
between the U.S. and Guyana, with bilateral trade reaching $1.4 billion USD in the first half of this year alone.