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Business Opportunities in Guyana

June 26, 2024 at 1:00 pm

U.S. Commercial Service

$30

Virtual

Join the U.S. Commercial Service for the third event of the Business Opportunities in the Caribbean Region Webinar Series, featuring USG and private sector experts who will present on business opportunities in Guyana.

Why Guyana?  

  • While geographically part of South America (SA), Guyana, the only English-speaking country in South America, has strong cultural and political ties to the Caribbean. 
  • Its capital Georgetown hosts the Caribbean Community’s (CARICOM) Secretariat where Guyana’s President Dr. Irfan Ali assumed Chairmanship in early 2024. 
  • The Guyanese 2024 Budget estimated 2023’s real GDP to have grown by 33 percent (non-oil by 11.7 percent) with projections from the World Bank and Guyana anticipating conservative growth of more than 30 per cent for 2024. 
  • Guyana has announced 46 oil discoveries, of which ExxonMobil estimates 11 billion oil equivalent barrels and approximately 17 trillion cubic feet of natural gas reserves thus far. It is touted as one of the fastest growing economies of the world where World Bank has reclassified the country as high income based on its gross national income in 2023. With three wells in production thus far, Guyana’s oil production is 645,000 barrels of oil per day (bpd) and anticipated to hit 1.2 million bpd by 2027.
  • Despite its hydrocarbon resources, the government of Guyana is keen on diversifying the country’s energy matrix as well as its economy as a whole.
  • Guyana imported $1.4 billion of U.S. goods in 2023.

Who should attend?

Business development representatives from U.S. companies that offer agriculture equipment, medical devices and equipment, energy sector solutions, infrastructure solutions, safety & security equipment, consumer goods, and travel and tourism solutions, would benefit from this event.

Event Speakers

For more information, please contact Trade.Americas@trade.gov

Register