‘Cooperation instead of competition’ – T&T companies scouting investment opportunities in Guyana

A total of 16 companies from the Twin Island Republic of Trinidad and Tobago are currently in Guyana as part of a trade mission, scoping investment opportunities in the services, food and construction sectors.

During an opening session ahead of business-to-business engagements on Thursday, the companies were told to also look at opportunities in the agriculture, transport and logistics and ICT sectors.

The 19 delegates were also urged to adhere to Guyana’s local content regulations and requirements.

An underlying theme of the messages delivered by several speakers was that the time had come for regional companies to collaborate rather than compete to advance not only national economies but the regional marketplace.

The Centre for Local Business Development (CBLD) worked alongside the Trinidad and Tobago Chamber of Industry and Commerce to promote smart partnerships.

Over the next two days (April 25 – 26), Trinidadian entrepreneurs and enterprises will be allowed to explore opportunities in Guyana.

High Commissioner of Trinidad to Guyana, Conrad Enill believes opportunities abound and can support the deepening of economic ties between the two countries.

He assured that challenges with transportation and connectivity were being addressed.

“Guyana presents many opportunities for persons from everywhere… you can gain much by cooperation. Over the next few days, hold your deliberations with an open mind and in the spirit of cooperation,” Enill said.

His sentiments were backed up by those of John Edghill, Senior Director of Investment and Kester Hutson, President of the Georgetown Chamber of Commerce and Industry.

“For too long we were competing where we should be cooperating,” Edghill said as he urged collaboration in the agriculture sector.

Hutson acknowledged the unique opportunities foreign investors bring to the country and also noted the importance of collaboration.

“Collaboration has to become not only a choice but a necessity for businesses to strive and prosper.

“It is through partnerships we leverage collective strengths and shared knowledge,” he added.

Local businesses looking for partners across various sectors are encouraged to seize this opportunity to expand and contribute to the global marketplace.