Trinidadian companies explore business opportunities during 2-day engagement

Fifteen Trinidadian companies are presently in Guyana to explore business opportunities through an initiative between the Centre for Local Business Development (CLBD) and the Trinidad and Tobago Chamber of Industry and Commerce.

The Trinidadian companies offer a wide range of services including logistics, manufacturing and distribution, banking and investment, food/beverage, paper products and packaging, ICT, FinTech, water and waste treatment, maritime, professional services and more.
The Mission’s purpose is for these businesses to meet with Guyanese companies to explore potential partnerships.
During the first session on Thursday, Senior Director of Investment, John Edghill highly recommended that Trinidad business owners should consider investing in Guyana as the country has seen significant growth over the past decade.

“If you had come to Guyana ten years ago… you would’ve seen how far we have come from: we only had 3 hotels, the Demerara Bridge caused people much discomfort in the morning and we had constant blackouts whereas in 2024 we are seeing a great change in the development of the country” he expressed.
However, Trinidad’s High Commissioner to Guyana, Conrad Enill, emphasised the importance of Trinidadian business owners discussing value-added operations that align with Guyana’s developmental sectors.
“Trinidad businesses need to discuss value-added towards Guyana’s developmental agenda as opposed to forming businesses which are set to fix a particular challenge,” Enill stated.
Granting advice to his fellow Trinidadians, he suggested that during their stay, they should strive to leverage their businesses further. “Let me suggest that you continue to leverage your businesses so that you can unlock the potential of the country’s sectors and drive sustainable growth within Guyana,” he expressed.”
Enill also conveyed past challenges encountered in Guyana’s transportation of goods and services between Suriname and Brazil, emphasising the importance of considering how Guyana has overcome these obstacles.
“The context in which Trinidadian business owners need to look at this opportunity has to do with what is taking place with connectivity and transport with goods and services to Suriname, Brazil. In the past, transportation and connectivity issues between those countries were a major challenge but today those challenges have been addressed.”
He further added that the steps taken by Guyana to mitigate these issues must be considered as well.
The Centre for Local Business Development (Centre) is continually working to promote the establishment of SMART partnerships for local businesses in Guyana as a way to further develop their capacity in our rapidly growing economy.
With this in mind, the Centre will host a group of companies from Trinidad and Tobago from between April 24 and 26, 2024.