The Georgetown Chamber of Commerce and Industry (GCCI), on Wednesday, launched its third annual publication of the Business Guyana Magazine aimed at targeting potential domestic and international investors.
The magazine is dubbed as the investor’s guide and is said to contain key information towards establishing business in Guyana and was launched at the Pegasus Hotel on Wednesday evening.
Chinese Ambassador, Yu Wenzhe, lauded GCCI for being the oldest private sector organization in Guyana aimed at the promotion of trade and investment which has contributed positively to the social and economic progress of Guyana.
The Chinese Ambassador said that over the past 40 years Guyana and China have enjoyed a partnership of equality while adding that the members of the business community are dynamic players in the relationship between China and Guyana.
He said, “Our bilateral trade was US$147 million in 2011, an increase of 46.3%… our economic cooperation has extended from infrastructure, agriculture, timber and minerals to the field of modern technology, such as ICT.
“More than 30 Guyanese entrepreneurs attended the Canton Trade Fair last spring and 4 Chinese companies participated in the just concluded 3rd International Business Expo of Guyana.”
The ambassador also said that direct investment from China to Guyana had reached US$183 million last year whilst business exchanges and contacts have gained a momentum.
Publisher of the magazine, Lokesh Singh, said his company was pleased to be associated with the GCCI adding that it has been successfully building relationships with the Chamber, ensuring benefits since the publication is one of the chamber’s major income sources.
“With regard to the Business Guyana publication, we have seen this project grow in the past three years… it has now positioned itself across the market as the predominant publication for use by anyone interested in investing in the business sector in this country… It is being used by both the public and private sector in presenting this country to potential investors,” Singh said.
President and Chairman of Trade and Investment Committee, GCCI, Clinton Urling said “We persevered and three years later we have a product that is of the highest quality and one that represents the third highest income generator for the chamber.”
The magazine, which is the brain child of Urling, offers its readers an insight into the operation of local businesses based on the perspective of leading businessmen.
