Canadian Manufacturing

New Chamber of Commerce to facilitate investment between Canada & Guyana

New Chamber of Commerce comes at the heels of a discovery of large off-shore oil reserves nearby

December 4, 2020  by CM Staff

GEORGETOWN and TORONTO — The Canada-Guyana Chamber of Commerce (CGCC) was officially launched on Dec. 4 with a mission to facilitate two-way trade and investment between Canada and one of the fastest growing economies in the world – Guyana.

The CGCC, which has offices in both Toronto and Georgetown, plans to offer advice and concierge services to its members and others looking to do business in both Canada and Guyana. The Chamber will also serve as a business advisory body to governments on bi-lateral matters related to trade and investment in both Guyana and Canada. Members of the CGCC will have access to a wide network of entrepreneurs and decision makers to help create and facilitate business opportunities.

At its launch on Dec. 4 in Georgetown, Guyana, the country’s President, Irfaan Ali, said, “The creation of the Canada-Guyana Chamber of Commerce is an important step forward in increasing trade and investment between our two countries. Our government is aligned with the mission of the Chamber, and its leadership will have our support at the ministerial level.”

With the recent discovery of large off-shore oil reserves in the country, Guyana is on the cusp of a major economic transformation. Consequently, there are a growing number of business opportunities in the country that could benefit from Canadian investment, experience and technology. In addition, the business climate in Guyana is being transformed to make it easier to invest in the country.

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Business leaders and investors from Guyana will also be looking for opportunities to increase trade and investment with Canada, particularly in sectors that offer attractive returns and complement their own business strategies.

This positive outlook has already attracted a number of leading companies and business leaders to the Chamber. For example, Founding Members of the CGCC include: Banks DIH Ltd., Caribbean Surgery Inc., Cataleya Energy Limited, CGX Energy Inc., Mr. Dean Hassan, Demerara Distillers Limited, Edward Beharry & Company Limited, Empire Plus Home and Commercial Inspection Services Inc., Gafsons Industries Limited, Gaico Construction and General Services Inc., Go Logistics Inc., Gold Source Mines Inc., Gold X Mining Corp., The Government of Newfoundland and Labrador, Guyana Bank for Trade and Industry Limited, Guyana Goldfields Inc., Guysons Oil and Gas, International Development and Relief Foundation , JHI Associates Inc., N&S Mattai & Company, NALICO/NAFICO, NSBOmega Guyana Inc., Panthera Solutions Inc., Precision Truck Lines Inc., Royal Bank of Canada, Scotia Bank Guyana Inc., Sterling Products Limited.