With Guyana’s economy rapidly expanding, the United Kingdom is positioned to become a key trade and investment partner.
This was emphasized by President Dr. Irfaan Ali during the recent launch of the British Guyana Chamber of Commerce in London.
In his virtual address, President Ali highlighted the significance of establishing the Chamber, describing it as a timely and crucial step towards fostering closer economic ties between Guyana and the UK.
He emphasized his government’s commitment to diversifying and strengthening the Guyanese economy by engaging with international partners who possess the capacity, experience, and long-term vision for collaboration.
The President pointed out that the UK, with its access to larger global markets and expertise in sectors such as finance, manufacturing, clean energy, and engineering, is well-positioned for deeper economic engagement with Guyana.
Over the last four quarters, trade in goods and services between the UK and Guyana grew by 17.7 percent, underscoring the increasing economic interaction between the two nations.
President Ali reiterated that his government is focused on ensuring that economic growth translates into broad-based development for the Guyanese people.
Key areas identified for investment include manufacturing, agriculture, agro-processing, and tourism, which are seen as emerging markets with significant opportunities.
The Head of State further encouraged UK businesses to view these opportunities as an invitation to partner with local enterprises and invest in establishing manufacturing operations in Guyana.
He highlighted the UK’s strong history in manufacturing and industrial innovation as an advantage in building these partnerships.
President Ali concluded by stating that UK businesses that invest in Guyana will not only benefit from the nation’s economic growth but also contribute to shaping its future as a dynamic, emerging market.