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The Georgetown Chamber of Commerce and Industry (GCCI) on June 12 facilitated a ‘Doing Business in Guyana’ presentation for the visiting Jamaican business delegation that is being spearheaded by the Jamaica Promotions Corporation (JAMPRO). The diverse group of businesses from Jamaica is currently in Guyana on a four-day ‘Guyana Export and Ministerial Business Mission 2025’ that is geared towards deepening commercial ties between the two countries by exploring trade and investment opportunities through targeted business-to-business (B2B) engagements.

The Mission—JAMPRO’s fourth to Guyana thus far—is also aimed at building long-term relationships, seeking strategic partnerships, and exploring collaborations that are mutually beneficial. Accompanying the group is Jamaica’s Minister of Industry, Investment, and Commerce, Senator, the Honourable Aubyn Hill.

Executive Member and Councillor of the GCCI, Mr. Richard Rambarran in his presentation to the group provided an economic overview and insights into Guyana’s development trajectory. “Our economy has been on a pathway of rapid expansion. If one looks at the economic growth over the past 10 years for example, the non-oil sector has averaged approximately 10 percent,” he stated, later adding, “You have stable and sustainable growth outside the oil and gas sector.” He pointed to the country’s low inflation rate, as well as the positive impact of the oil and gas sector, saying, “From the time we started oil production, the economy has been booming…”

Mr. Rambarran familiarised the contingent of Jamaican entrepreneurs with Guyana’s Local Content Act, while also encouraging them to examine Guyana’s Investment Act 2004 and the Income in Aid of Industry Act as he outlined the country’s regulatory framework and legislative architecture that guides investment in Guyana.

Members of the Chamber were also provided with the opportunity to meet with Jamaican companies that operate within their industries to network and scope out potential partnerships.