(CMC) GEORGETOWN– A Trinidad and Tobago trade mission is ending a two-day visit to Guyana yesterday with Minister of Business, Dominic Gaskin telling the representatives of the 24 companies that his country is open for business.
“We are open, we are ready and we mean business and that’s what we want you to take back from this trip. And to just to clarify when I say “we” I am including Guyana’s private sector because that’s who really does business in Guyana”, Gaskin said as he welcomed the visiting trade mission.
The mission is led by the Trinidad and Tobago Chamber of Industry and Commerce and includes representatives from companies engaged in information communications technology (ICT), real estate manufacturing, business support services, financial and education services among other sectors.
The organisers said the mission is aimed at fostering and building collaborative business relationships to promote the mutual growth and development of both Caribbean Community (CARICOM) countries, through increased trade and commerce.
Gaskin said Guyana will observe and respect the provisions of the revised Treaty of Chaguaramus that governs the regional integration movement making reference to non–discrimination on the basis of nationality, and the rights of establishment, and provision of services.
“Guyana’s strong commitment to regional integration and the Caribbean Single Market and Economy (CSME), as well as our understanding of our obligation under the Treaty are manifested in the success and growth of many Trinidadian companies already in Guyana,” Gaskin said.
He said that the government supports the private sector when it comes to initiatives “such as this one” and will continue to fulfill the responsibilities as trade facilitators, and as regulators and upholders of the laws that govern and protect businesses.
He said visits such as these create linkages between the private sector of the two countries and “the confidence that the countries need to increase the levels of trade and investments within the CSME.
“We are confident that our economy can provide the kind of returns that can sustain the long- term operation of any well run business,”
Gaskin said, noting that Guyana is working to further improve its ranking on the International Index for conducting business.
He said that the government and the Ministry of Business have engaged the World Bank, which publishes the annual report, and are developing an Action Plan to tackle each of the “Doing business indicators.”
Gaskin said that once these indicators have been improved, they will transform the business environment in Guyana during the coming years and provide long-term economic benefits to businesses operating here. Guyana has advanced 16 places from 2015 to 2016 in “The Doing Business” Index.
The T&T Chamber of Commerce Facebook page has Guyana as one of the fastest growing economies in the Caribbean with enormous untapped potential.