The European Union (EU) is setting its sights on Guyana with an economic trade mission slated for November 20-22, 2023. The mission’s core agenda is to explore and foster investment opportunities for EU companies in Guyana, showcasing the nation as an emerging regional hub.
Under the theme “Investment opportunities in Guyana as an emerging regional hub for the Caribbean, Amazonia, and beyond,” the EU aims to leverage the Team Europe Approach. This approach is designed to synergize the efforts of EU Member States, aligning them with the private sector and financial development institutions for partnerships.
An event is expected to kick off the mission, on November 20, at the Marriott Hotel in Georgetown, with addresses expected from Ambassador of the European Union to Guyana, Réne Van Nes, and the President of Guyana, Dr. Mohamed Irfaan Ali.
Other highlights of the mission’s schedule of events include high-level presentations from various government ministries, highlighting the state of key sectors like natural resources, tourism, health, agriculture, and public infrastructure. These talks are set to cover areas for development, incentives, regulations, and support, while also pinpointing specific identified projects and other opportunities, including technological needs and consultancies.
An insightful mission is anticipated as EU companies with a foothold in Guyana are expected to share their experiences, offering tips for success in the local market.
The EU’s commitment under the EU-LAC Global Gateway Investment Agenda (GGIA) aligns with this mission, aiming to address infrastructure needs in Latin America and the Caribbean, fostering growth, jobs, and social cohesion.
This mission is the latest in a series targeting Guyana to capitalize on its oil-fueled economic growth. The nation’s significant oil discoveries have drawn a global spotlight, marking Guyana as a key destination for international investors.