Trade volume between Guyana and the United Kingdom will exceed $1.3 billion by 2022

This content was published on Mar 30, 2023 – 22:07

SAN JUAN, March 30 (EFE). – Trade between the United Kingdom and Guyana has exceeded $1,300 million (about 1,192 million euros) for the sale of oil, said Thursday the head of the British-Guyana Chamber of Commerce (Brivcham), Faisal Khan.

A breakdown of official UK figures indicates that in the third quarter of 2022, Guyana’s oil imports amounted to $679.9 million, or 95.4% of all British goods imported from the country.

It was followed by cereals (1.2%), beverages (0.9%), sugar (0.6%) and metallic minerals (0.4%).

“Last year, trade between the UK and Guyana crossed £1 billion for the first time in history,” Khan said at a press conference accompanied by the British Minister for the Caribbean and Latin America, David Ratley.

Khan added: “We are very confident that these numbers will continue to grow and Pritcham will do all it can to facilitate this.”

For his part, Routley stated that between the UK and Guyana “there are opportunities for growth, but our relationship is based on shared values, shared history and personal relationships”.

The UK High Commissioner to Guyana, Jane Miller, explained that the idea for Breacham dates back about two years.

“They have convinced me that because of the exciting economic growth in this country, there is room for everyone and room for British specifically to encourage more investment from British companies here in Guyana,” Miller said.

Guyana’s Prime Minister, Mark Phillips, said Guyana “remains committed to the values ​​of democracy, respect for the rule of law, respect for international law, and respect for human rights.”

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Guyana, which used to be one of the poorest countries in South America, is experiencing a revolution since the discovery of reserves equivalent to more than 9 billion barrels of oil. EFE

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