GEORGETOWN, Guyana – Guyana recorded a steady increase in trade with China at the end of 2024, reaching a whopping US$1.4 billion.
Huang RuiThis was revealed by the Chargé d’Affaires of the Chinese Embassy in Guyana, Huang Rui late Friday.
Huang, who was speaking at Association of Chinese Enterprises in Guyana’s Annual Dinner commemorating the Chinese New Year, also highlighted that the sum represents a 14.4% increase in trade, compared to 2023.
He pointed out that at the end of 2023, bilateral trade was pegged at US$1.23 billion.
The Chargé d’Affaires also praised China/ Guyana relations, emphasising that the two sides have significantly supported each other. On the trade front, he said, Chinese enterprises contributed significantly to Guyana.
“Chinese enterprises have made great contributions to the biggest economic and social transformation of Guyana while abiding by the local content law, creating new job opportunities, and shouldering their social responsibilities,” Huang said.
Meanwhile, Finance Minister Dr. Ashni Singh told potential investors that they would be supported.
“As long as you come to Guyana and you respect the laws of Guyana, you generate values, and particularly jobs and business opportunities including through partnership and local content… You are welcome to do business in Guyana and we will protect your rights in Guyana,” Singh said.
He also hailed the contributions of the Chinese people to Guyana’s vibrant culture and economy and noted that China’s relationship with Guyana, which spans over half a century, has evolved too.