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The Georgetown Chamber of Commerce and Industry (GCCI) continues to facilitate invaluable conversations between investors and local stakeholders to encourage investment and partnerships, and on June 2, a collaboration with the EU Global Gateway and EU Delegation in Guyana resulted in the execution of crucial discussions with EU companies in the health and pharmaceuticals industry and the local private sector.

This discourse was part of the ‘Global Gateway Health and Pharma EU Investment Mission Guyana’ and was hosted at the Guyana Marriott Hotel. It featured a panel discussion under the theme ‘Guyana Private Sector: Business overview and opportunities,’ that saw the participation of President of the GCCI, Mrs. Kathy Smith; Member of the Private Sector Commission, Dr. Surendra Persaud, and Guyana Manufacturing and Services Association Representative, Ms. Gina Arjoon. This session was moderated by Councillor and Executive Member of the Chamber, Mr. Richard Rambarran.

Mrs. Smith provided an overview of the business and investment landscape in Guyana, with insights into the country’s economic growth and infrastructural development. She shared key information on the policies and regulations that guide business in Guyana, including the Local Content Act. “Our economic climate is very attractive for investment…We are poised to be one of the fastest-growing economies in the world…Guyana is ripe for investment,” she stated, while encouraging investors to pursue their ventures in Guyana.

This initiative aims to enhance collaboration between European health and pharmaceutical companies and Guyanese stakeholders to support the development of the country’s healthcare sector. Thirteen companies from EU member states, including Spain, Austria, France, Czech Republic, Portugal, Sweden, Italy, and Ireland, are participating in the mission which is scheduled to participate in business-to-business meetings and industry-focused seminars over the next two days.