Monday, February 6, 2023

Major Canadian trade mission to Guyana on, next week

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Guyana’s oil bonanza and the massive growth potential in its traditional industries are expected to capture the attention of a Canadian Energy NL trade delegation visiting next the South American country week.

Energy NL is Newfoundland and Labrador’s largest energy industry association with more than 460 members who provide products and services for the energy sector. Energy NL also organises the world-renowned energy conference in Newfoundland and Labrador, focused on industry trends, pioneering technologies, and featuring the top leaders in energy from around the world. The Energy NL Conference 2022 had a Guyanese presence there and now looks to build on the market synergies stimulated.

The High Commission of Canada said on Friday that it is expected to welcome the team that will be meeting with the Guyana government, the business community, and other local stakeholders from November 28 to December 2, 2022.

Guyana, Canada agree to expand trade relations, commercial opportunities | OilNOW

This trade visit represents a collaboration between the High Commission of Canada’s Trade Commissioner Service, the Canada Guyana Chamber of Commerce and the Centre for Local Business Development. It seeks to identify opportunities and make connections to increase trade.

This current trade mission also follows five previous missions to Guyana from Newfoundland and Labrador that saw several of the members of Energy NL creating partnerships and linkages in the new oil producing country.

Guyanese, Canadian entrepreneurs collaborate to offer services for O&G sector

This year’s trade mission will be focusing on multiple business sectors including renewable and non-renewable energy, cleantech/oceantech, digitalisation and infrastructure.

Canada has for years been Guyana’s largest trade partner, prior to oil and gas. The High Commission was keen to note that the continuance of these trade missions therefore is meant to widen the trade partnerships between Canada and Guyana using Canadian expertise and Guyanese entrepreneurial spirit to meet the needs of Guyana’s growth trajectory.

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025 | OilNOW

Just a few weeks ago, Guyana facilitated missions from the United Kingdom and the USA.

Foreign Affairs Minister, Hugh Todd; British High Commissioner, Jane Miller and Jonathan Knott, His Majesty’s Trade Commissioner for Latin America and the Caribbean, had signed a major partnership pact for cooperation in renewable energy, agriculture, technological services, education, infrastructure, and of course, critical oil and gas matters.

This month as well, the US Embassy in Georgetown and the Louisiana District Export Council (LDEC) led the largest American trade delegation to Guyana. More than 25 private sector leaders from across Louisiana and the United States connected with business leaders and government officials in Guyana. Joining the group were also economic developers, industrial training experts, Louisiana state officials, as well as U.S. government officials.

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