PSC inks pact with US firms to promote business

The Bilateral Chamber of Commerce and the Private Sector Commission of Guyana Limited have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana.

The two parties signed a Memorandum of Understanding during a ceremony in Houston on last Wednesday, the PSC said in a release. The MOU promotes trade and investment across sectors, including infrastructure, healthcare, industry and education. The agreement, signed by Ms. Aida Araissi, Chief Executive Officer of the Bilateral Chamber, and Mr. Paul Cheong, Chairman of the PSC, was the fruit of the Bilateral Chamber’s first Trade Mission to Guyana in March 2022.

Ms. Araissi said “we were voted the number one contractor for US trade and development agency. We booked US$20M dollars of exports and we’re looking forward to bringing that kind of expertise to you, to grow the local content.”

The Chamber and the PSC will work together in the coming months to organize more trade missions that bring together businesses from the U.S. and Guyana. Mr. Cheong said “today is a historic day. We will work on building a partnership that members of both sides will be proud of. This is just the beginning”.

The Bilateral Chamber has an expansive network of more than 36,000 members, representing small to large enterprises. The Chamber is a trusted partner to the U.S. Trade and Development Agency, the U.S. Departments of Commerce, State, and Energy, as well as many municipal governments.