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Economy March 28, 2025 - 9:08 am

Dominican Republic-Guyana trade surpasses US$97 million

Dominican Republic-Guyana trade surpasses US$97 million

Santo Domingo.- The Guyanese Chamber of Commerce in the Dominican Republic (GuyanaCham) reaffirmed its commitment to enhancing bilateral trade during the business meeting “Guyana and the Dominican Republic: Strengthening Ties to Drive Sustainable Growth.” The event, attended by Vice President Raquel Peña, government officials, and business leaders, focused on investment opportunities in energy, manufacturing, agriculture, and tourism, in line with agreements signed in 2023.

Vice President Peña highlighted the significant growth in trade, with bilateral exchanges surpassing US$97,000 million in 2024 and Dominican exports to Guyana rising from US$15 million in 2019 to over US$64 million in 2023. She also noted a 100% increase in Guyanese tourist arrivals and ongoing efforts to reduce tariff barriers while exploring a Bilateral Free Trade Agreement.

GuyanaCham President Miguel Ángel González and Guyana’s Chief Investment Officer, Dr. Peter Ramsaroop, emphasized the chamber’s role in fostering key business initiatives, including the launch of an air route with Sky High and contracts between Dominican businesses and Guyana’s government. The event also recognized businessman Juan Octavio Guiliani posthumously for his contributions to trade relations and reaffirmed joint projects in food security, energy production, and industrialization.

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