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Doing Business in Guyana

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Syllabus of the Subject: Foreign Trade and Business in Guyana - Cayenne. Guyanese Economy.

  1. Introduction to Guyana;
  2. Business in Cayenne;
  3. Guyanese Economy;
  4. Guyanese International Trade;
  5. Business Opportunities in Guyana;
  6. Access to the Guyanese Market;
  7. Business Plan for 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.

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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.

Masters in International Business and Foreign Trade (MIB) - Online Education

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

Professional Doctorate in International Business (DIB). Online Education

Learning materials in: Courses, Masters, Doctorate in International Business and Foreign Trade in English (Study Master Doctorate in International Business in Spanish Guayana Study, Course Master Doctorate in International Business in French Guyane Masters Foreign Trade in Portuguese Guyana).

Masters and Doctorate in International Business adapted for the Guyanese Students.

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Foreign Trade and Business in Guyana

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

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).

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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. Arab League. Online Education (Courses, Masters, Doctorate)

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. ...

Caribbean Basin Economic Recovery Act. U.S Trade Partnership

  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.

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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.

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Caribbean Development Bank (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...)

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.

Costa Rica-CARICOM (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...) Free Trade Agreement

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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).

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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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