Boardroom Session during OTC Week: Guyana - “Open for U.S. Business and Investment”

The Bilateral Chamber of Commerce and the Private Sector Commission (PSC) have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana. The signing ceremony was witnessed by Guyana’s Minister of Natural Resources, H.E. Vickram Bharrat, T.H. Sarah-Ann Lynch, U.S. Ambassador to Guyana, ExxonMobil executives Dr. John Ardill and Alistair Routledge, and Dr. Peter Ramsaroop with GO-Invest Guyana. Additional event attendees included executives from leading energy, real estate, and technology companies.

The two parties signed a Memorandum of Understanding during a ceremony in Houston on Wednesday, May 4, 2022.  The MOU promotes trade and investment across sectors, including infrastructure, healthcare, industry and education. The agreement, signed by Ms. Aida Araissi, Chief Executive Officer of the Bilateral Chamber, and Mr. Paul Cheong, Chairman of the PSC, was the fruit of the Bilateral Chamber’s first Trade Mission to Guyana in March 2022.

Ms. Araissi said, “we are proud to be ranked as a top producing contractor for the US Trade and Development Agency (USTDA). Our Bilateral Chamber and USTDA programs represent over US$100 billion dollars of exported U.S. goods, services, and advanced technologies and we’re looking forward to bringing that kind of expertise to Guyana, to grow the local content.”

The Chamber and the PSC will work together in the coming months to organize more trade missions that bring together businesses from the U.S. and Guyana.

Mr. Cheong said, “today is a historic day. We will work on building a partnership that members of both sides will be proud of. This is just the beginning”. Prior to the MoU signing, the Bilateral hosted a boardroom session featuring Guyana's Minister of Natural Resources, H.E. Vickram Bharrat, and the Deputy Assistant Secretary for Manufacturing, Dr. Monica Gorman.

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