Guyana is UK’s largest trading partner

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–Trade between the two countries topped £1.9B, UK officials highlight

TIES between Guyana and the United Kingdom have grown significantly over the past few years with significant achievements being made. As such, Guyana has been highlighted as the UK’s largest trading partner in this region.

This was emphasised by officials from the United Kingdom during a reception held in honour of the visit of His Majesty’s Trade Commissioner for Latin America and the Caribbean, Jonathan Knott to Guyana.

Knott, during brief remarks, stated that he visited Guyana at the end of 2022 when an agreement was signed to pave way for the creation of a supportive environment for businesses to work with each other.

He said: “18 months later, and already I am seeing and experiencing a qualitative change in the relationship with the frequency of how we are talking to each other,” he said.

Adding to this, he indicated that a great shift has also been seen in the conversations being had between partners during his visit this time around.

Caribbean Regional Director for Trade D’Jamila Ward Against this backdrop, Knott indicated that several meetings have been held also with business associations in Guyana, which he said have given him enormous optimism.

Meanwhile, Caribbean Regional Director for Trade, D’Jamila Ward added that the UK and Guyana have had a long-standing and enduring relationship not only underpinned by political and diplomatic ties, but by trade and investment also.

She went on to add that trade between the two countries stood at £1.9 billion at the end of the first quarter.

“This represents an increase of 17.7 per cent or £282 million… This also makes Guyana the UK’s largest trading partner in the Caribbean, or all CARIFORUM member states, accounting for 34.3 per cent of all our trade,” she said. Ward added that while this is an impressive figure, it offers an excellent opportunity for Guyana and the UK to forge even stronger and greater partnerships, and deepen and increase the trading relationship.

She expressed that as Guyana is building its resilient economy, the country should consider the UK a great partner whether for financing through the UK Export Finance among other things.

“There’s much that we have already achieved but there’s much to do. I want to reiterate that this is a great time to do business in Guyana,” Ward said.

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