US$710M increase achieved last year through bilateral trade between China-Guyana -Ambassador

Bilateral trade between Guyana and China has grown steadily in recent years, increasing to some US $710M in 2021 compared to US $500M during the previous years, according to China’s Ambassador to Guyana, Guo Haiyan.

Ambassador Guo was at the time speaking at the launch of an online photo exhibition at the Chinese Embassy in Georgetown, reently in commemoration of the 50th anniversary of China-Guyana relations.  “China and Guyana have become each other’s important trading partner,” she said.

The ambassador pointed out the rapid development of Guyana’s oil-and-gas industry has resulted in trade between China and Guyana growing by 213 per cent in the last five years, with an average annual growth rate of over 42.5 per cent. It was revealed that China and Guyana established relations when representatives from both sides signed a joint communique in London on June 27, 1972.

The Chinese diplomat noted that over the last 50 years, the two countries enjoyed cooperation under five areas- political relations, economic cooperation, healthcare, human resource and capacity building and people-to-people relations. “The establishment of relations between China and Guyana opened a new chapter of Caribbean relations, because Guyana is the first country in the English-speaking Caribbean to establish diplomatic relations with China,” she said.     

The ambassador stressed that China has cooperated closely with Guyana to implement a number of infrastructural projects such as the Arthur Chung Conference Centre (ACCC), the Cheddi Jagan International Airport (CJIA) expansion project and the East Coast Demerara expansion and improvement initiative.

Ambassador Haiyan pointed out that in the health sector, China has been dispatching medical brigade and specialists to assist in improving Guyana’s health care delivery, following the establishment of a Medical Cooperation Agreement between the two countries on May 26, 1993.

Additionally, she noted that Guyana was among the first country in the region to receive COVID-19 vaccines donated by the Chinese Government. She stressed that the Chinese Government has offered a number of scholarships and training courses to Guyanese at leading universities in China.

Further, it was noted that the online photo exhibition featured 82 photographs which captured events on the relations between the two countries.