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2012 Business Guyana magazine launched
Prime Minister Samuel Hinds joins GCCI President Clinton Urling in unveiling the 2012 Business Guyana magazine.
Chinese direct investments in Guyana reached US$183 in recent years, while bilateral trade was US$147M for last year, according to Ambassador Yu Wenzhe. The envoy was at the time speaking at the launching of the Georgetown Chamber of Commerce and Industry (GCCI)’s third edition of the magazine ‘Business Guyana’ on Wednesday night. The venue was the Pegasus Hotel.
Among those in attendance were GCCI President Clinton Urling, the magazine’s publisher Lokesh Singh, Prime Minister Samuel Hinds, business sponsors and special invitees.
The theme of the magazine, “energise with opportunity” was announced at the chamber’s business dinner where the cover was unveiled by the Prime Minister and GCCI President.
Ambassador Yu reflected that Guyana is the first English-speaking Caribbean country to set up diplomatic relations with China, and over the past 40 years the countries had treated each other with respect, in spite of the challenges related to international politics and trade.
He said that bilateral relations and a sound political relationship further serve as a solid foundation for trade and economic associations.
Noting that economic relations have been expanding, the envoy revealed that bilateral trade was US$147M for last year, an increase of 46.3 per cent.
The Ambassador further noted that China has become one of Guyana’s main non-traditional export markets, along with Brazil and India.
He added that over 3000 Guyanese entrepreneurs attended the last Guyana/China trade fair earlier in the year, and over the years, the scale of Guyana/China trade as well as investment cooperation has been deepening and expanding, with increasing sectors and varied approaches in cooperation.
Noting that the world economic recovery is slow and fragile, he said against this background, China has relatively stable economic growth, which provides a good opportunity for China/Guyana trade and economic affairs.
He recommended that there should be better use of the existing mechanisms and platforms of economic cooperation, and asserted that there also needs to be more exchanges between entrepreneurs.
The GCCI President Clinton Urling said over the past year the group has strengthened its capacity, while noting that private and public sector corruption is a major concern among corporate entities.
Publisher Lokesh Singh detailed aspects of the cover of the publication which has depictions of Kaieteur Falls, wind turbines, solar panels, crude oil and corn plants.
He pointed out that the crude oil represents the impact relating to present explorations; the agricultural element is being projected by the corn plant which can be grown given Guyana’s land mass to produce bio-fuels; and solar and wind power are being represented as two areas of alternative energy which are avenues for exploration, and the Kaieteur Falls which he said represents the potential for hydropower.
Singh also explained that the colour chosen for the magazine – burgundy branded with silver – with burgundy representing “the bold initiatives available to Guyana”, while silver is “reflective of all the precious metals that create the shining opportunity for all Guyanese”.
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