Trade and Business in Guyana, Cayenne

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

1. To analyze the Guyanese economy and Foreign Trade (Import, Export, FDI)
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

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)

Trade Facilitation Programs

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 kilometres
   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 kilometres
   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

Sample:

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 kilometres of roads (590 kilometres are paved)
   1. Driving on the left
4. 187 kilometres of railway lines
5. Cheddi Jagan International Airport

(c) EENI Global Business School (1995-2022)
We do not use cookies
Top of this page