UNIDO WORKSHOP LAC – E URASIAN E CONOMIC U NION - BRICS COUNTRIES “ STRENGTHENING INTERNATIONAL ALLIANCES IN THE GLOBAL MARKET” Uchenna Gibson Senior Export Promotion Officer July 15th – 17th, 2015
Content Background / Country Information Main Exports Opportunities for EEU and LAC Cooperation Export Instruments, Incentives, Mechanisms Investment Instruments Useful Links
Background/Country Information Full Name: Cooperative Republic of Guyana Area:82,978 square miles Location:Northern South American, bordered by Venezuela, Brazil and Suriname Population:768,095 Capital City:Georgetown Nationality:Guyanese Language:English Literacy:98.8% Currency:Guyana Dollar GDP Per Capita:Purchasing Power Parity (US$5,300) Exchange Rate:US$1.00 = G$ Head of State:H.E. David Granger Prime Minister:Hon. Moses Nagamootoo
Main Exports Sugar Rice Fresh and Processed Foods Rum Bauxite Lumber
Opportunities for EEU and LAC Co-operation Importation of Machinery and Equipment for our processing Sector - List of Suppliers. Export of our products- Trade Mission from Guyana with samples
Export Instruments Trade Information Participate in National and International Trade Expositions Expeditiously address problems faced by exporters Information packages, seminars and training programmes Inward Missions Matchmaking
Export Instruments Export Allowances for Non-Traditional Exports to Markets outside of CARICOM – the amount deducted depends on the proportion of Export Sales to Total sales. e.g. 10% - 20% (deduct 25%)
Investment Instruments No Foreign Exchange Control Unlimited Carryover of Tax Losses from Previous years Accelerated Depreciation on Machinery and Equipment fpr Tax purposes Benefits of Double Taxation Treaties with the UK, Canada and CARICOM countries Tax Holidays Waiver of Customs Duty, Excise Tax and Value Added Tax on machinery, equipment and vehicles for projects
Useful links Guyana Office for Investment Guyana Marketing Corporation Forest Products Development & Marketing Council