The Georgetown Chamber of Commerce and Industry (GCCI) yesterday signed a Memorandum of Understanding (MoU) with the Trinidad and Tobago Chamber of Industry and
Commerce on advancing bilateral trade between the two countries, and to address non-tariff barriers affecting the export of this country’s products into the Twin-Island Republic.
The MoU was signed by President of the GCCI, Kathy Smith, and President of the T&T Chamber, Karen Yip Chuck, a release from GCCI said.
President and Chief Executive Officer of the Energy Chamber of Trinidad and Tobago, Priya Marajh, and Chief Executive Officer of the T&T Chamber, Dr. Vashti Guyadeen were also present during the signing ceremony in the GCCI’s boardroom.
Smith outlined the objectives of the MoU, noting, “One of the foundational values of the GCCI is collaboration. This Memorandum of Understanding is geared towards addressing key issues affecting trade between Trinidad and Tobago and
Guyana—particularly non-tariff barriers. We will work towards actively identifying and resolving barriers to market access and other challenges, and cooperatively address these for mutual benefit. Through this MoU, the two Chambers will be working collaboratively on projects to enhance economic and social
opportunities for our respective members and the business communities in the two countries. This includes sharing research and information on areas that have great potential for development.”
Hailing the initiative as a significant step in bolstering the economic relationship between Trinidad and Tobago and Guyana, the President of the T&T Chamber stated, “Today’s signing is not simply about executing a Memorandum of Understanding, rather it is about creating an enduring
framework through which the private sectors of our two countries can work together to identify challenges, advocate for solutions and unlock new opportunities for business.”
The two Chambers’ officials provided insight into the history of their discussions— dating back to 2022 — to address matters impacting bilateral trade, particularly as it relates to facilitating the export of Guyana’s agricultural products to Trinidad and Tobago. Through this MoU, the release said that a working group will be established to ensure that all objectives of the agreement are achieved, and goals are executed in a timely manner.
Discussion