Guyana, Barbados agree to establish Trade Mission

Last Updated on Saturday, 4 October 2014, 3:19 by GxMedia

Guyana and Barbados on Friday inked a Memorandum of Understanding (MOU) aimed at establishing Trade Missions between the two countries, the Government Information Agency (GINA) reported.

The MOU was signed by Keith Burrowes, Chief Executive Officer, Guyana Office for Investment and Madaline Headley-Woodroffe, Business Development Officer, Barbados Industrial Development Corporation (BIDC) at the Guy Expo Investment Forum held today at the Guyana International Conference Centre (GICC).

Burrowes noted that while the MOU should have been signed years ago, it means Guyana is going into an agreement with Barbados and an examination of having MOUs with other countries as well.  He pointed to the issue of due diligence, which is one area the entity would be examining carefully with overseas investors. Explaining that credit ratings would be examined, whilst a turnover time of one week will be applied, the GoInvest, CEO explained the importance of working with other agencies in this regard. 

Guyana and Barbados today inked a Memorandum of Understanding (MOU) aimed at establishing Trade Missions between the two countries. The MOU was signed by Keith Burrowes, Chief Executive Officer, Guyana Office for Investment and Madaline Headley-Woodroffe, Business Development Officer, Barbados Industrial Development Corporation (BIDC) at the Guy Expo Investment Forum held today at the Guyana International Conference Centre (GICC).

Burrowes noted that while the MOU should have been signed years ago, it means Guyana is going into an agreement with Barbados and an examination of having MOUs with other countries as well.  He pointed to the issue of due diligence, which is one area the entity would be examining carefully with overseas investors. Explaining that credit ratings would be examined, whilst a turnover time of one week will be applied, the GoInvest, CEO explained the importance of working with other agencies in this regard.