Guyana Business
• Main imports: Manufactured goods, machinery, petroleum and food.
• Main exports: Sugar, gold, bauxite/aluminium, rice, shrimp, molasses, rum and timber.
• Main trade partners: Belgium, Canada, Cuba, Jamaica, Portugal, Trinidad and Tobago, UK and USA.
Economy
Bauxite mining is the main industry, and responsible for one-third of export earnings. The mining sector also produces gold and diamonds, almost all of which are exported. Gold production has increased sharply since the opening of a new mining complex in 1992. Imported oil meets most of the country’s energy requirements, although Guyana and Surinam have begun joint exploration projects.
Since 1997, many formerly state-owned assets and industries have been sold, and deregulation measures introduced, as part of that programme. A major obstacle to Guyana’s future economic progress is a shortage of trained personnel, especially in the fields of management and technical expertise; the emigration rate remains high, and only serves to compound this long-term problem.
Guyana suffered widespread flooding in January and February 2005. The economy contracted by 3% that year, while inflation stood at 6.9%.
Guyana is a founder member of the regional trading bloc CARICOM.
Business Etiquette
Office hours: Mon-Fri 0800-1200 and 1300-1630.
Business Contacts
National Exhibition Centre, Sophia, Georgetown, Guyana
Tel: 227 4295.
Website: www.gma.org.gy
Georgetown Chamber of Commerce and Industry
PO Box 10110, 156 Waterloo Street, North Cummingsburg, Georgetown, Guyana
Tel: 225 5846.
Website: www.georgetownchamberofcommerce.org
Ministry of Tourism, Industry and Commerce
229 South Road, Georgetown, Guyana
Tel: 226 2505.
Website: www.mintic.gov.gy
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