NewsCase StudiesEvents

Exporting to Guyana

Also in the news...

Registration of Title to Land at Abuja Geographic Information System, Nigeria

The Federal Capital Territory (FCT) Abuja, Nigeria’s capital is gradually becoming a renowned city in Africa. In recent times, there has been an influx of people into the city and its real estate development and construction sectors are developing at a tremendous pace.

FREE VISA FOR LIFE WITH COMPANY SETUP STARTING AT AED 14,500

Looking to set up your UAE company? How about a visa for life? It might sound too good to be true, but it’s a reality. And the offer ends October 31st.

4 Red Flags You Should Watch Out for When Hiring a Web Design Team

If you want to build traction for your startup, you need to invest in a high-quality website. You also can't afford to make too many mistakes, because a good website costs money.

UK showcases green dozen at Global Investment Summit

The Government reveals the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit.

Effective Approaches To Improve Fleet Efficiency For Your Business

Various types of businesses need a fleet, from car rental companies and public utilities to distribution centers, courier companies, and so many others. So, there are tons of enterprises out there that are constantly searching for better ways to enhance fleet efficiency, as any business that utilizes a fleet can ultimately enhance its bottom line if heightened efficiency is achieved.

Exporting to Guyana

Back to News

A guide for British businesses who are interested in developing their overseas trade and doing business in Guyana. Guyana export overview Guyana is the fastest growing economy in the Caribbean Community (CARICOM). It is expected to be among the top growing economies in the Latin America region in 2014.

Benefits for UK businesses exporting to Guyana include:

  • Double taxation agreement with the UK
  • Competitive fiscal incentives for investors to key sectors
  • Unrestricted repatriation of profits, capital and dividends
  • Legislation based on UK common law
  • Direct sea-freight link to the UK
  • English established as official language
  • Low-cost and flexible workforce

Challenges doing business in Guyana

There aren’t many restrictions to trading with Guyana. However, there can be some challenges. These include:

  • scores very poorly in the corruption index
  • crime and security issues
  • low labour productivity and skills shortages

You should ensure you take the necessary steps to comply with the requirements of the UK Bribery Act.

Growth potential

Guyana’s growth performance is mainly due to prudent macroeconomic management and large scale investments in capital projects. In addition to this, Guyana has a buoyant construction, gold and rice industry.

Trade agreements

Guyana has an Economic Partnership Agreement with the European Union ( EU).

It also has a number of free trade agreements with CARICOM markets as well as Brazil, China, Turkey, Venezuela and Argentina.

UK and Guyana trade

In 2013 the UK exports in goods to Guyana were worth £26.3 million.

The top 10 UK exports to Guyana are:

  • Vehicles and vehicle parts
  • Industrial and construction machinery
  • Pharmaceutical products
  • Milk and cream
  • Fertilizers
  • Beverages/spirits
  • Retreaded or used tyres as rubber
  • Tableware, kitchenware and other household items
  • Books, brochures and similar printed material
  • Electrical generating sets and rotary converters

gov.uk

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.