June 26, 2024 @ 1:00PM EST | Virtual
Join the U.S. Commercial Service for the third event of the Business Opportunities in the Caribbean Region Webinar Series, featuring USG and private sector experts who will present on business opportunities in Guyana.
Why Guyana?
- While geographically part of South America (SA), Guyana, the only English-speaking country in South America, has strong cultural and political ties to the Caribbean.
- Its capital Georgetown hosts the Caribbean Community’s (CARICOM) Secretariat where Guyana’s President Dr. Irfan Ali assumed Chairmanship in early 2024.
- The Guyanese 2024 Budget estimated 2023’s real GDP to have grown by 33 percent (non-oil by 11.7 percent) with projections from the World Bank and Guyana anticipating conservative growth of more than 30 per cent for 2024.
- Guyana has announced 46 oil discoveries, of which ExxonMobil estimates 11 billion oil equivalent barrels and approximately 17 trillion cubic feet of natural gas reserves thus far. It is touted as one of the fastest growing economies of the world where World Bank has reclassified the country as high income based on its gross national income in 2023. With three wells in production thus far, Guyana's oil production is 645,000 barrels of oil per day (bpd) and anticipated to hit 1.2 million bpd by 2027.
- Despite its hydrocarbon resources, the government of Guyana is keen on diversifying the country’s energy matrix as well as its economy as a whole.
- Guyana imported $1.4 billion of U.S. goods in 2023.
Who should attend?
Business development representatives from U.S. companies that offer agriculture equipment, medical devices and equipment, energy sector solutions, infrastructure solutions, safety & security equipment, consumer goods, and travel and tourism solutions, would benefit from this event.
Event Speakers
General Introductions & Moderator
Delia Valdivia, Senior International Trade Specialist - U.S. Commercial Service Los Angeles, CA
Business Opportunities in Guyana
Daniel Gaines, Senior Commercial Officer - U.S. Commercial Service at the U.S. Embassy Georgetown, Guyana
Doing Business in Guyana, Business Experience of a U.S. Company
Alex De La Cruz, Owner - New Century International
Export Financing Resources
Jonathan Brady, Lead Business Development Specialist, Minority and Women-Owned Business (MWOB) Outreach Group - U.S. Export Import Bank
For more information, please contact Trade.Americas@trade.gov
Business Opportunities in Guyana
Date/Time: June 26, 2024 at 1:00PM EST
Cost: $30
Registration Guide
Business Opportunities in the Caribbean Region Webinar Series
Webinar Schedule:
- Business Opportunities in the Dominican Republic - May 22, 2024 (recording available)
- Business Opportunities in Barbados/Eastern Caribbean - June 5, 2024 (recording available)
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Business Opportunities in Guyana - June 26, 2024
- Business Opportunities in Jamaica - July 17, 2024
- Business Opportunities in Suriname - August 7, 2024
- Business Opportunities in The Bahamas - August 28, 2024
- Business Opportunities in Trinidad and Tobago - September 18, 2024
November 17-22, 2024
The United States Department of Commerce, International Trade Administration (ITA), is organizing a Global Diversity Export Initiative (GDEI) Trade Mission to the Caribbean region on November 17-22, 2024, that will include the “Opportunities for Minority-Led Businesses in the Caribbean Region Conference” in Santo Domingo, Dominican Republic on November 17-18, 2024.
Compelling Reasons to Do Business in The Caribbean
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Close Proximity - The Caribbean region is a natural commercial partner of the United States, tied closely together by geography, history, and culture.
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Third Largest Market in Latin America for U.S. Exports – The Caribbean region represented in this Trade Mission has a market of 20 million people who collectively imported over $25 billion of U.S. goods and services in 2023.
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English Speaking – While the Dominican Republic primarily speaks Spanish, the other countries represented in the region speak English officially and/or widely.
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Free Trade Agreement - In 2004, the United States and the Dominican Republic (DR) signed a Free Trade Agreement (CAFTA-DR). The agreement went into effect in 2007, ensuring that most U.S. manufactured goods enter the DR duty free. In addition to tariff reduction, CAFTA-DR also liberalizes the services sectors, and strengthens protections for U.S. investments, patents, trademarks, and trade secrets in the DR.
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Regional Integration - CARICOM, established in 1973 and headquartered in Georgetown, Guyana is an organization of 15 nations and dependencies throughout the Caribbean. Its main priorities are economic integration, foreign policy coordination, human and social development, and security.
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The fees are as follow:
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If selected for business-to-business meetings in one country, the fee is $2,500 for small or medium-sized enterprises (SME) [1] and $4,000 for large firms.
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If selected for business-to-business meetings in two countries, the fee is $3,500 for small or medium-sized enterprises (SME) [1] and $5,000 for large firms.
The trade mission participation fees above include the Opportunities for Minority-Led Businesses in the Caribbean Region Conference registration fee of $500 for one participant per firm.
Click here to learn if the registration fee may be eligible for reimbursement by your state's STEP funding.
Trade Mission Flyer
Sponsorship Opportunity Flyer
Questions? For questions regarding this program, please contact us at Trade.Americas@trade.gov
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