GEORGETOWN, Guyana - Guyana has renewed a memorandum of understanding (MoU) with the Canadian Commercial Corporation (CCC) aimed at strengthening economic and commercial relations between the two countries.
Guyana and Canadian Commercial Corporation (CCC) extending existing memorandum of understating for another eight years (DPI Photo)The CCC is a Canadian federal Crown corporation mandated to support the growth of international trade by helping Canadian exporters gain access to foreign government procurement markets and by helping government buyers abroad to obtain goods from Canada.
A joint statement issued here said that the renewed MoU will facilitate cooperation, participation in discussions, and the exchange of information related to the procurement of Canadian goods and services.
It was signed by the Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr Ashni Singh, and Boris Jacouty, CCC’s Director, Business Development, Infrastructure and will remain in effect for an eight year-period.
“The renewal of this MOU underscores the commitment of both nations to fostering a robust and mutually beneficial partnership. By facilitating cooperation and information exchange, the MOU aims to enhance the procurement processes and ensure the efficient delivery of high-quality Canadian goods and services to Guyana,” the statement said.
Singh told the signing ceremony that “the MoU “represents a significant step forward in our ongoing efforts to strengthen the economic and commercial ties between Guyana and Canada.
“We look forward to continued collaboration and the positive impact this agreement will have on our procurement processes,” he said, adding that the Guyana go.
He said this includes Guyanese companies doing business with Canada, noting that Canadian investors and business and commercial institutions have been present in the Guyanese economy for decades, and have contributed significantly to the economic evolution of Guyana.
Canada’s High Commissioner to Guyana, Sebastien Sigouin, underscored the need for Canada and Guyana to partner explaining that Canada supports Guyana’s ambitious development agenda and the two countries need to work together to find trade and investment opportunities.
He said that extending the MoU shows how much both Guyana and Canada were committed to continuing their relationship and the government-to-government relationship can be beneficial.
“The Canadian Commercial Corporation is proud to renew this MoU with the government of Guyana. We are committed to supporting Guyana’s development goals by providing access to Canadian expertise and high-quality products. This agreement will further solidify our partnership and create new opportunities for both countries,” he said.
The original MoU was signed in April 2022.
