The leading private sector bodies in Guyana and Trinidad and Tobago have signed a new agreement aimed at strengthening trade, improving market access and creating more investment opportunities between the two Caribbean nations.
The Memorandum of Understanding was signed between the Georgetown Chamber of Commerce and Industry (GCCI) and the Trinidad and Tobago Chamber of Industry and Commerce.
The agreement is expected to provide a stronger framework for businesses in both countries to work together, address trade challenges and explore new commercial partnerships.
It focuses on tackling non-tariff barriers, improving trade facilitation, supporting research and information sharing, and advancing advocacy on issues affecting the private sector in both markets.
The MoU was signed by GCCI President Kathy Smith and TTCIC President Karen Yip Chuck during a ceremony at the GCCI’s headquarters in Georgetown, Guyana’s capital.
Smith said the agreement reflects the importance of regional collaboration in creating new opportunities for businesses and supporting wider economic integration.
She noted that both chambers will work to identify and resolve trade barriers, improve market access and engage regulatory agencies and key stakeholders to support increased commercial activity.
Yip Chuck described the agreement as an important step in deepening the economic relationship between Guyana and Trinidad and Tobago.
She said the MoU creates a platform for the private sectors of both countries to jointly address challenges, advocate for practical solutions and unlock new business opportunities.
The agreement builds on discussions that began in 2022 and places special focus on improving the movement of Guyanese agricultural products into the Trinidad and Tobago market.
It also seeks to encourage wider partnerships across several sectors, as businesses in both countries look to expand their regional reach.
A joint working group will oversee the implementation of the agreement and ensure that its goals are pursued in a timely and effective manner.
