Latest update January 30th, 2025 4:27 AM
Local businesses invited to T&T’s C’bean/China trade show
A booth at the 105th Guangzhou Trade Fair in China, last year
The Guyana Manufacturing & Services Association (GMSA) is teaming up with the Private Sector Commission (PSC), the Guyana/China Business Commission and the Guyana/China Friendship Society to field a business contingent for a major expo set for Trinidad & Tobago in September.
According to GMSA President, Clinton Williams, the Third Caribbean/China Economic Forum and Trade Exposition will see entrepreneurs operating across a wide spectrum of businesses including modern clean energy, construction, tourism, information technology, agriculture and agro-processing, mining and hospitality.
“Business owners who are interested in establishing new business ventures or strengthening existing relationships with Chinese entrepreneurs are also being invited to participate,” Williams urged.
The September forum will be the third meeting of Caribbean and Chinese private sector business owners. The first was held in Kingston, Jamaica and the Second in Xiamen, China, all organized and funded by the government of the People’s Republic of China with the principal aim of establishing direct business connections with the rest of the world.
In 2010, a Guyanese delegation of 34 entrepreneurs also attended the 105th Guangzhou Trade Fair in China, and according to the Chinese Ambassador to Guyana, Yu Wenzhe, that event recorded a 180 percent increase in attendance over the previous year.
Guyana was actually the first Caribbean country to establish diplomatic relations with China. Since then the scale of trade and investment cooperation between the two countries has been expanding appreciably to include more sectors.
“Bilateral trade has grown at the healthy rate of approximately 14.25 % per year from 2005 to 2009,” the Ambassador said at a GMSA Business Luncheon early this year.
China has been investing in Guyana’s economic and social industries for some years now especially in the fields of mining, energy and forestry and Ambassador Wenzhe believes that the groundwork has been laid for Guyana and China to reinforce competencies through joint venture arrangements, service outsourcing, equipment import and advanced technologies.
The Caribbean/China Economic Co-operation Forum is open to every Guyanese entrepreneur who wishes to be engaged in Trade and/or investment opportunities in China.
According to GMSA, interested business owners must submit their business profiles before the end of this month to the Guyana Manufacturing and Services Association which is the bona fide liaison between the Chinese Embassy in Guyana and the business community. The business profiles must state the specific areas of preference.
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