The Georgetown Chamber of Commerce & Industry (GCCI) attended an engagement with the incoming delegation from Louisiana, United States of America (USA) on November 15, 2022, at the Marriot International Hotel.

GCCI’s Secretary, Ms. Shaleeza Shaw warmly welcomed the visiting delegation and presented them with a perspective of the Chamber’s day-day operations, its membership and advocacy.

Ms. Shaw informed the delegation that the Chamber is the most vibrant private sector body locally, with over 700 members in diverse businesses. She also conveyed the Chamber’s willingness to help foreign investors navigate the Guyanese landscape and build partnerships with local businesses.

She further discussed the many lucrative business opportunities available in Guyana, citing the country’s rapid economic growth of 57%; the stability of macroeconomic variables such as inflation and foreign exchange and positive growth in domestic credit. Non-oil and gas industries with a positive trajectory of growth were also presented, such as manufacturing, services, tourism, agriculture, construction, mining and quarrying.

Ms. Shaw advised investors to become familiar with the Investment Act of 2004, which provides many incentives for potential investors. She also advised them to become familiar with the Go Invest office, where they can submit business proposals.

Delegation members received an overview of the Local Content Legislation regarding Oil and Gas, which reinforced the importance of including Guyanese while offering many opportunities for investors to succeed. She added that there is a legal system that allows for redress, and the Government is working to create a Single Window where investors can obtain all the required permits, registrations and approvals.