By Samuel Sukhnandan | September 25, 2024
Trade relations between Guyana and China have experienced remarkable growth in recent years, increasing from US$180 million to US$1.23 billion over the past 11 years.
This substantial rise underscores the deepening historical ties between the two nations.
Zhou Hanmin, Vice-Chair of the Shanghai Public Diplomacy Association (CPDA), emphasized the potential for further enhancement in trade by identifying specific areas of mutual interest that can benefit both countries.
He noted that Shanghai, recognized as not only a significant trading port but also China’s largest industrial city and financial center, could play a pivotal role in strengthening trade relations between Guyana and China.
With the China International Import Expo scheduled for November 5-10, 2024, Hanmin urged the Guyanese government and private sector to seize the opportunity to participate in this significant event, which could further bolster trade connections.
Currently, Guyana primarily exports petroleum, rough wood, and wood stakes to China. In return, it imports various goods, including iron, steel, plastic, rubber, and machinery.
Notably, Guyana has emerged as China’s largest trading partner in the Caribbean, reflecting the ongoing progress in their economic cooperation.