Doing Business in Guyana

The objectives of the subject «Doing Business in Guyana» are the following:

1. To analyze the Guyanese Economy and Foreign Trade;
2. To explore the Business Opportunities in Guyana;
3. To analyze the trade relations of Guyana with the country of the student;
4. To know the Free Trade Agreements of Guyana;
5. To develop a business plan for the Guyanese Market.

The Subject «Foreign Trade and Business in Guyana» belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): Muslim Countries, International Business, Foreign Trade.

Doctorate (DIB): American Business, Islamic Business, World Trade.

Learning materials in: ( Guayana Guyane Guyana).

Preferential Access and Free Trade Agreements (FTA) de Guyana:

1. Guyana and the Caribbean Economic Area;
2. Association of Caribbean States (ACS);
3. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement;
   2. Colombia-CARICOM Agreement (Guyana);
   3. CARICOM-Dominican Republic Free Trade Agreement (FTA);
   4. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement;
   5. Costa Rica-Caribbean Community Agreement (Guyana).
4. Latin American and Caribbean Economic System (SELA);
5. Union of South American Nations (UNASUR);
6. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA).
7. Caribbean-Canada Trade Agreement (CARIBCAN);
8. Global System of Trade Preferences among Developing Countries (GSTP);
9. Guyana is am associated state to the MERCOSUR (Argentina, Brazil, Uruguay, Paraguay);
10. Islamic Trade Preferential System (TPS-OIC);
11. Islamic Centre for Development of Trade (ICDT).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. Convention Relating to Temporary Admission (Istanbul Convention);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO);
7. Customs Convention on Containers (CCC, UN) - not a member.

American Trade and Economic Organizations, Guyana is a member of...

1. Organization of American States (OAS);
2. Economic Commission for Latin America and the Caribbean (ECLAC);
3. Inter-American Development Bank (BID);
4. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit.
5. Africa-South America Summit (ASA).

Islamic Organizations:

1. Summit of South American-Arab Countries (ASPA);
2. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation;
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Statistical, Economic and Social Research and Training Centre for Islamic Countries;
   4. Cairo Declaration on Human Rights in Islam.

Global Organizations:

1. Commonwealth;
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF);
6. ...

1. Guyanese: Capital Cayenne;
2. Borders of Guyana: Brazil, Suriname and Venezuela;
3. Area of Guyana: 214.969 square kilometers;
   1. Territorial tensions with Venezuela for the control of the so-called Guyana Esequiba (74% of the territory of Guyana);
   2. Territorial tensions with Suriname for the control of the so-called Tigri Region (7% of Guyana's territory).
4. Population of Guyana: 800,000 inhabitants;
   1. Guyanese Population density: 3.65 inhabitants / square kilometers;
   2. 50% of the population are Indo-Guyanese (originally from India);
   3. 40% of the population has an African origin (African Diaspora).
5. Official language of Guyana: English
   1. Local languages: Caribbean, Guyana Creole;
   2. Spanish and Portuguese are widely used.
6. Abolition of Slavery in Guyana: 1846;
7. Main rivers: Esequibo and Demerara;
8. Guyana's climate: equatorial-tropical;
9. First inhabitants of Guyana: Arahuacos and Caribes;
10. 1594: Spanish colonization: 1594;
11. Control of Guyana by the Dutch and the English;
12. 1831: British Guyana;
13. Guyana became independent from the United Kingdom in 1966;
14. Official name: Cooperative Republic of Guyana;
15. Government Type: Semi-Presidential Republic;
16. Guyana belongs to the Commonwealth of Nations (Queen: Elizabeth II of the United Kingdom).

Main religions in Guyana:

1. Christianity: 57 % of the Guyanese population;
2. Hinduism: 24% of the Guyanese population;
3. Islam: 7% of the Guyanese population.

Guyana belongs to the:

1. Caribbean Economic Area of the Western Civilization;
2. Economic Area of the Hindu Civilization;
3. Economic Area of the Islamic Civilization.

Guyanese Economy.

1. Guyanese GDP: 6,093 million dollars;
2. GDP per capita of Guyana: 7,919 Dollars;
3. 2007: the Inter-American Development Bank forgave Guyana's debt;
4. The main Guyanese economic activity is the agriculture: rice, vegetables, tubers, citrus, coconut;
5. Aluminum industry, based on the important bauxite deposits;
6. Diamond, gold and manganese deposits;
7. Guyana has important forest resources (woods);
8. Budding textile industry;
9. Guyanese currency: the Guyanese dollar (GYD);
10. Country code top-level domain of Guyana: .gy.

Guyanese Foreign Trade

1. Guyana's main exports are: sugar (28% of exports), cocoa, coffee, gold, bauxite, rice, shrimp, molasses, rum, wood, citrus.
   1. Guyana Sugar Corporation (GuySuCo) is one of the largest companies in Guyana, exports sugar;
   2. Important shrimp export.
2. Guyana's main imports are: manufactured goods, machinery, oil and food;
3. Main trading partners: Canada, the United States, the United Kingdom, Portugal, Jamaica, Trinidad and Tobago, China, Cuba, Singapore, Japan, Brazil and Suriname;
4. Agreement with Venezuela for oil importation (PetroCaribbean).

International Transport and Logistics in Guyana:

1. Main seaport: Port of Cayenne, on the Demerara River estuary (navigable);
2. River ports at Essequivo, Everton, Port Kaituma and New Amsterdam-Lindem;
3. 7,970 kilometers of roads (590 kilometers are paved)
   1. Driving on the left.
4. 187 kilometers of railway lines;
5. Cheddi Jagan International Airport.

(c) EENI Global Business School (1995-2023)
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