Guyana: New Guyana-T&T Trade Pact Targets Longstanding Export Hurdles

The Georgetown Chamber of Commerce and Industry (GCCI) and the Trinidad and Tobago Chamber of Industry and Commerce (TTCIC) have announced a new trade agreement aimed at addressing longstanding market access barriers that have impacted the export of Guyanese products to Trinidad and Tobago. This initiative seeks to tackle non-tariff barriers that have been a source of concern for Guyanese businesses, which have expressed frustration over the challenges they face in accessing the Trinidadian market.

The agreement is expected to facilitate smoother trade relations between the two countries, potentially enhancing the flow of goods and services. Both chambers of commerce are committed to working collaboratively to identify and resolve the issues that have hindered Guyanese exports. This partnership reflects a broader effort to strengthen economic ties between Guyana and Trinidad and Tobago, promoting mutual benefits for businesses in both nations.

The GCCI and TTCIC have not specified a timeline for the implementation of the agreement, but they have indicated that discussions will continue to ensure that the concerns of exporters are adequately addressed. This development marks a significant step towards improving trade dynamics in the region.

  • New trade agreement announced by GCCI and TTCIC.
  • Aims to address longstanding market access barriers.
  • Focus on non-tariff barriers affecting Guyanese businesses.
  • Expected to enhance trade relations between Guyana and Trinidad and Tobago.
  • Commitment to resolving issues hindering exports.
  • No specific timeline for implementation provided.

Source: guyanatimesgy.com

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