Guyana looks forward to strengthening trade ties with Europe
Citing that the European Union has been an important trading partner, Prime Minister, Brigadier (Ret’d) Mark Phillips has said that Guyana looks forward to strengthening the relationship
Citing that the European Union has been an important trading partner, Prime Minister, Brigadier (Ret’d) Mark Phillips has said that Guyana looks forward to strengthening the relationship

–Prime Minister Phillips says

CITING that the European Union has been an important trading partner, Prime Minister, Brigadier (Ret’d) Mark Phillips, has said that Guyana looks forward to strengthening the relationship.
The Prime Minister was, at the time, delivering remarks at a Europe Day celebration, hosted by the European Union (EU) Delegation in Guyana and the European Chamber of Commerce (Guyana) at the Herdmanston Lodge.

“The European Union has been a valued friend and developmental partner for the Cooperative Republic of Guyana. The relationship between Guyana and the European Union is predicated on the respect for democracy, human rights, the environment and the promotion of sustainable development,” Phillips said.

The cooperation and collaboration over the years, he added, have advanced across many sectors, thus resulting in beneficial cooperation in areas such as trade, investment, coastal zone management and climate change initiatives.

Against this backdrop, the Prime Minister said that Guyana looks forward to strengthening trade and investment ties with Europe on the EU-CARIFORUM economic partnership agreement.
With the tremendous growth in Guyana’s local economy, Phillips indicated that the country is heartened by the growing interest being shown by European investors in Guyana’s economy.
He said: “Moreover the European Union continues to play a significant role in supporting Guyana’s development priority through assistance that has bolstered improvements in critical sectors such as health and forestry.”

Continuing along the lines of the fruitful partnership that the EU and Guyana share, Prime Minister Phillips said that the union’s support has been vital to Guyana’s effort to combat the adverse effects of climate change.

The EU Ambassador to Guyana, René Van Nes, in his address, said that, specifically, over the last year more partnerships have been established within the EU and Guyana.
He said that just last year, the first EU global trade mission with 25 companies from nine different countries visited Guyana.

As a result, the Ambassador indicated that a follow-up mission is expected soon as many businesses that participated in the mission are interested in doing business in Guyana.
Further, he said that there is more to come under the investment agenda, as the EU, under the global gateway initiative, will partner with Guyana, CARICOM and the Caribbean Export Development Agency to stage the Caribbean Investment Forum.

Against this backdrop, collaborations with Guyana and the EU are expected to continue and expand in various sectors.

SHARE THIS ARTICLE :
Facebook
Twitter
WhatsApp

Leave a Comment

Your email address will not be published. Required fields are marked *

All our printed editions are available online
emblem3
Subscribe to the Guyana Chronicle.
Sign up to receive news and updates.
We respect your privacy.