Minister of Foreign Affairs and International Cooperation, Hugh Todd on Friday signed memoranda of understanding on trade facilitation and green development with China’s Vice Minister of Commerce and International Trade Representative, Wang Shouwen.
A release from the Ministry of Foreign Affairs said that the fruitful discussions between the two sides concluded with the signing of a Memorandum of Understanding on Deepening Bilateral Cooperation and Trade Facilitation and a Memorandum of Understanding on Promoting Investment Cooperation in Green and Low Carbon Development between the Governments of Guyana and China.
The two memoranda will provide the necessary impetus for the improvement of trade and investment relations between Guyana and China, the release said.
The meeting was held on the sidelines of the Fourth Ministerial Conference of the China-Caribbean Economic and Trade Cooperation Forum, in Hainan, China.
At that conference, the release said that Todd highlighted the need for the Caribbean and China to close the existing gap in trade within the confines of a rules-based mechanism as outlined in international law. He highlighted the Government of Guyana’s interest in further collaborating with China in the areas of food security, energy security and climate security.
Todd also underscored the economic transformation taking place in Guyana and emphasised the Government of Guyana’s invitation to investors from the Caribbean and China to partner with Guyana in the various investment opportunities opening up in the Guyanese economy.
Other Caribbean countries attending the Forum include Antigua and Barbuda, Barbados, The Bahamas, Cuba, Dominica, Dominican Republic, Grenada, Jamaica, Suriname, Trinidad and Tobago and Haiti as an observer.
