Guyana’s private sector to partner with businesses in China             

As the Private Sector Commission (PSC) observed its 30th anniversary during its Annual General Meeting (AGM) on Thursday, Chairman Paul Cheong disclosed that moves are afoot to establish stronger relations between local businesses and businesses in China.

Building these partnerships, Cheong said, was crucial to increase the knowledge, expertise and resources of local companies to help with better products and further reach.

In his message, even as he sought re-election to the post, the incumbent Chairman revealed that the Chinese Ambassador to Guyana Guo Haiyan has informed the PSC that the Chinese Chamber of International Commerce (CCOIC) looks forward to signing a Memorandum of Understanding (MoU) with the Commission.

That MoU is a means of establishing cooperation and creating trade and investment opportunities for both countries.

“We see China as an important partner in Guyana’s development and look forward to partnering with Chinese companies in a manner which will provide equality and mutual benefits to both sides,” Cheong said.

Cheong used his address to talk about the importance of partnerships and joint ventures between local companies and international partners.

Similarly, the PSC is working with the Bilateral Chamber of Commerce in Houston, Texas in keeping with an MoU signed earlier this month that will see the strengthening of business relations between the private sector of Guyana and the United States of America.

The PSC has also signed an MoU with the Suriname Trade and Industry Organisation for the purpose of strengthening economic ties between the two organisations. This resulted in the establishment of the Guyana/Suriname Business Council.

Another MoUs signed by the PSC in the last year was with the Guyana Office for Investment (Go-Invest).

This was done even as the PSC engaged the British High Commission in Guyana, the former German Ambassador to Guyana Holger Michael, a delegation of government officials from Ghana and members of the joint services.