IN a bid to forge stronger economic ties, twenty-five Micro, Small, and Medium-sized enterprises (MIPYMES) from Havana, recently convened with Halim Majeed, the Ambassador of Guyana to Cuba.

The meeting aimed to explore burgeoning business prospects within Guyana, reflecting a growing interest in cross-border collaboration between the two nations.

Against a backdrop of swiftly advancing governmental cooperation, the private sector of both countries is increasingly seeking avenues for mutual growth. MIPYMES, which have emerged as pivotal economic players within Cuba, are poised to extend their reach beyond borders.

Presently, over 10,000 legally operating MIPYMES in Cuba contribute significantly to the nation’s economic landscape, providing employment opportunities for more than 250,000 Cubans.

During the recent meeting, MIPYMES representatives shed light on their enterprises, discussing challenges exacerbated by the ongoing US financial and economic embargo. Despite such hurdles, many expressed eagerness to explore opportunities in Guyana, showcasing interest in potential joint ventures, business registration, and skills enhancement.

Key topics of discussion included business management, procurement strategies, inventory control, and other essential aspects vital for business growth. Several representatives urged the Cuban Embassy to facilitate connections with the Guyana Institute of Private Enterprise Development (IPED) to access specialised training programmes tailored to their needs.

Ambassador Majeed, recognising the significance of bolstering trade and economic collaboration between private sectors, pledged to support and nurture these burgeoning ties. He committed to a follow-up meeting later in the month to further solidify decisions made during the initial discussions, underscoring a commitment to fostering enduring partnerships for mutual prosperity.

As both nations look towards a future of economic cooperation, these dialogues mark a significant step towards realising shared goals and unlocking untapped potential across borders.