Guyana, CCC renew MoU to strengthen economic, commercial relations

The Government of Guyana and the Canadian Commercial Corporation (CCC) on Thursday announced the renewal of their Memorandum of Understanding (MoU) aimed at strengthening economic and commercial relations between Guyana and Canada.

This renewed MoU will facilitate cooperation, participation in discussions, and the exchange of information related to the procurement of Canadian goods and services.
The MoU was signed by Senior Minister in the Office of the President with responsibility for Finance and the Public Service, Dr Ashni Singh and Boris Jacouty, Director, Business Development, Infrastructure, at the CCC. The agreement will remain in effect for a period of eight years.
“This renewed 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,” Dr Singh stated during the signing ceremony.

The Minister added that Government looked forward to greater economic and commercial relations in every regard, including 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, Sébastien Sigouin underscored the need for Canada and Guyana to partner, explaining that Canada supported Guyana’s ambitious development agenda and the two countries needed to work together to find trade and investment opportunities.
He pointed out that extending the MoU showed how much both Guyana and Canada were committed to continuing their relationship and the Government-to-Government relationship can be beneficial.
Director Jacouty added, “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.”
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 Government of Guyana and CCC are confident that this renewed MoU will contribute to the continued growth and prosperity of both nations, fostering a dynamic and collaborative economic relationship.
The original MoU between the Government of Guyana and the CCC was signed by Minister Singh and Canadian Minister of Export Promotion, International Trade, and Economic Development, Mary Ng, in April 2022.