Business in Guyana

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

1. To analyze the Guyanese Economy and Global 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 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 Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages ( Guayana Guyane Guyana).

Preferential Access and Trade Agreements:

1. Guyana and the Caribbean Economic Area
2. Association of Caribbean States
3. CARICOM
   1. CARIFORUM-EU Agreement
   2. Colombia-CARICOM Agreement (Guyana)
   3. CARICOM-Dominican Republic FTA
   4. UK-CARIFORUM Free Trade and Economic Integration Agreement
   5. Costa Rica-CARICOM Agreement (Guyana)
4. Latin American and Caribbean Economic System
5. Union of South American Nations (UNASUR)
6. Caribbean Basin Initiative
   1. The U.S.-Caribbean Basin Trade Partnership Act
7. Caribbean-Canada Trade Agreement
8. Global System of Trade Preferences
9. Guyana is am associated state to the MERCOSUR
10. Islamic Trade Preferential System
11. Islamic Centre for Development of Trade

1. WTO
   1. GATS
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. Istanbul Convention
4. BIC
5. Chicago Convention (ICAO)
6. IMO
7. Customs Convention on Containers - not a member

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

1. OAS
2. ECLAC
3. Inter-American Development Bank
4. CELAC
5. Africa-South America Summit

1. Summit of South American-Arab Countries
2. OIC

Global Organizations:

1. Commonwealth
2. UN
3. WB
4. WTO
5. IMF
6. ...

1. Guyanese: Capital Cayenne
2. Borders of Guyana: Brazil, Suriname and Venezuela
3. Area of Guyana: 214.969 km²;
   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 / km²
   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 UK 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 UK)

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. Hindu Economic Area
3. Islamic Economic Area

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 U.S., the UK, 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

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