Guyana and the United Kingdom (UK) are responsible for twenty-five percent of the commerce that takes place in the Caribbean; during the previous year, the value of the trade of products and services that took place between the two nations came to around $1.2 billion.
Jane Miller, the British High Commissioner to Guyana, revealed this information during her remarks at a ceremony held on Thursday evening to honor the coronation of King Charles III and Queen Camilla.
According to High Commissioner Miller, this number represents a growth of 840 million pounds in 2021, which will place Guyana in the position of being the greatest trading partner of the United Kingdom in the Caribbean.
“One of the things about this year that I am most pleased of is the work that we have done on businesses and trade…This year , the total value of products and services traded between Guyana and the United Kingdom is around 1.2 billion pounds. According to what the British High Commissioner stated, this amounts to an increase of 840 million pounds in 2021.
Miller stated that there is a “huge” interest from the United Kingdom in Guyana as she was reflecting on the long-standing relationship that exists between the two nations. She also mentioned that the response from businesses in Guyana has been “amazing.”
“We continue to advocate and support countries to improve efficiency, transparency, quality, and innovation and those that want a long-term relationship with Guyana’s development,” stated the British Diplomat.
High Commissioner Miller stated that there have been two trade missions from the United Kingdom that have visited Guyana over the past several months. Both of these trade missions have either forged collaboration agreements with local firms or have established their presences here.
“The interest in Guyana is not only because of the opportunities, but also because of the confidence in the business environment.”
And according to the British High Commissioner, the formation of the British economic Chamber of Commerce in Guyana (BritCham) will boost the quality of economic prospects that are available between the two nations.
In addition, she stated that Guyana will continue to receive help from the United Kingdom in a variety of essential sectors including forest activities, climate change, human rights, and the LGBTQ community.
Our shared beliefs are the foundation for the continued growth of our collaboration…Maintaining respect for human rights and encouraging the growth of a society that is free and democratic in Guyana is a priority for the United Kingdom…High Commissioner Miller mentioned that the United Kingdom provides active assistance to civil society organizations, the media, and others who defend human rights in order to assist in ensuring that the rights of all Guyanese are recognized and maintained.
During this period, Gail Teixeira, the Minister of Parliamentary Affairs and Governance, remarked that the level of commerce in the UK has reached a “all-time high.”
Teixeira claims that Guyana has been “relentless” in its attempts to cultivate an environment that is conducive to business in order to increase the amount of foreign direct investments it receives.
“The investments that are being made between economies in Guyana are quite promising….”This is the kind of relationship that Guyana needs to see happening in other countries, and it is my ultimate goal to ensure that Guyana achieves this level of proactiveness with its partners,” she added. This is the kind of relationship that Guyana needs to see happening in other countries.
Teixeira stated that given the direction of Guyana’s economy, the country is “well placed” for collaborations that utilize its “own unique” techniques to addressing global concerns.
“The opportunities are there, and we are prepared to move forward and concentrate on areas like food and energy security as well as tourism and a great many other things,” she said. “I couldn’t think of a better time to be a part of Guyana’s transformation than right now,” she remarked.