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Trade

Guyana to be part of southern Caribbean ferry route

President Irfaan Ali on Friday announced that Guyana would be part of a ferry service that would link this South American country with sister Caribbean Community (CARICOM) nations Trinidad and Tobago, and Barbados. He announced the formation of the company at the signing ceremony for a US$35 million four-lane bridge between Mackenzie and Linden. “Yesterday, Trinidad and Tobago, Guyana, and ...

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European businesses should focus on investment opportunities in Guyana- Ali

-European Chamber of Commerce Guyana launched President Irfaan Ali has told executives of major European Union (EU) companies who participated in that bloc’s first ever trade mission to Guyana that they need to pay keen attention to major investment opportunities here. Addressing the opening of the mission on Monday, he dismissed likely reaction to his concern that the private sector ...

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President woos Guyanese private sector, European trade mission to do business

President Irfaan Ali on Monday urged Guyana’s private sector to take advantage of business opportunities with European companies that are participating in the European Union’s (EU) first ever trade mission here, even as he urged Europe to “reset” its business relations with this South American country Addressing the opening of the mission’s two-day engagement here, the Guyanese leader explained that ...

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AMCHAM Guyana, US Bilateral Chamber of Commerce ink accord

The American Chamber of Commerce in Guyana (AMCHAM Guyana) on Thursday announced the signing of a landmark Memorandum of Understanding (MOU) with the Bilateral Chamber of Commerce, a federal contractor for the United States (US) Trade and Development Agency (USTDA). “This collaboration marks a significant milestone for AMCHAM Guyana and the Bilateral Chamber of Commerce. By joining forces, we aim ...

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Guyana, Barbados collaborating to ease shipping congestion from Trinidad- Ali

President Irfaan Ali on Wednesday announced that Guyana and Barbados were working to end difficulties in the movement of cargo from Trinidad to this South American nation. Addressing the commissioning of a US$8 million mixing plant of the National Milling Company (NAMILCO), a subsidiary of the American company, SEABOARD, the Guyanese leader said steps were being taken to maximise the ...

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EU prepares for first trade mission to Guyana; urges Guyanese to grab opportunities

At least 20 European companies have signaled their intention to participate in the European Union’s (EU) first ever trade mission under the “Global Gateway” partnership initiative with 150 countries, EU’s Ambassador to Guyana, “We would have the very first trade mission coming to Guyana and that trade mission is here under the heading of the Global Gateway,” Rene Van Nes ...

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Caribbean Private Sector Organisation begins preparations for CARICOM’s challenge to solve transportation problem

The Caribbean Private Sector Organisation (CPSO) has almost immediately taken up a call by Caribbean Community (CARICOM) governments to solve transportation woes by finding a blend between public sector incentives and private sector investments with financing by the African Export-Import Bank (AFREXIMBANK), CPSO Chief Executive Officer Dr Patrick Antoine said Tuesday. He said CPSO representatives on Tuesday held talks with ...

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GuyTIE 2020 participants benefit from capacity building workshops

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

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Labour summons RUSAL-BCGI to key meeting over layoff of 288 workers

The Ministry of Social Protection’s Department of Labour Thursday afternoon summoned the management of Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) to a meeting on Friday to discuss the layoff of a total of 288 workers within the past week without the legally-required notice. Junior Minister of Social Protection Keith Scott, insisting that BCGI has “not properly notified ...

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RUSAL sends home most of remaining workers

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc (BCGI) on Wednesday afternoon issued a notice that 146 more workers have been laid off immediately but the union vowed to continue blocking the Upper Berbice River until they are all reinstated or paid severance. That is in addition to the 142 workers who have been already been made redundant. Representative ...

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