THE Georgetown Chamber of Commerce and Industry (GCCI) has engaged officials from the Chinese Embassy following concerns raised by local businesses regarding challenges encountered when sourcing goods from suppliers in China.
The discussions took place on June 12 when GCCI President Kathy Smith and Senior Vice-President Gavin Ramsoondar met with Economic and Commercial Counsellor of the Chinese Embassy Li Hanqing.
According to the GCCI, the meeting was convened in response to concerns raised by some of its members who reported difficulties after conducting business transactions with Chinese suppliers.
Among the issues highlighted were challenges communicating with suppliers after payments were made, and instances where products delivered did not match what had been ordered.
The Chamber said the engagement was important, as trade between Guyana and China continues to expand, making it critical for local businesses to have confidence in the credibility and reliability of overseas suppliers.
During the discussions, both sides explored avenues for greater collaboration aimed at protecting Guyanese businesses and promoting transparency in commercial transactions.
One of the proposals examined was the development of a list of legitimate suppliers and recognised trading platforms that local companies could utilise when conducting business with Chinese firms.
The Chinese Embassy also signalled its willingness to support efforts to investigate and address complaints brought forward by the Chamber on behalf of its members.
The meeting comes amid increasing commercial ties between Guyana and China, with local businesses increasingly turning to Chinese suppliers for equipment, machinery, construction materials, and other goods needed to support the country’s expanding economy.
The Chamber remains committed to advocating on behalf of its members, and working with key stakeholders to ensure a fair, transparent and secure business environment for Guyanese companies engaged in international trade.