GEORGETOWN, Guyana, CMC – Outgoing Chinese Ambassador Guo Haiyan says bilateral trade between Guyana and China skyrocketed to US$800 million in the first half of 2024. “Practical cooperation between China and Guyana has made significant progress.
“In the first half of this year, our bilateral trade reached $800 million, reflecting a 31% year-on-year increase,” the Ambassador said at her farewell reception on Wednesday.
Trade between China and Guyana has been steadily increasing. At the end of 2023, bilateral trade was pegged at US$1.23 billion. Chinese firms are undertaking a number of large projects, including the new Demerara Harbour Crossing.
Guo also noted that contracts for the Guyana Utility-Scale Photovoltaic Programme and the new Mackenzie/ Wismar Bridge were inked this year. These are other major projects involving the Chinese.
She explained that the trade relationship is part of a wider Guyana/ China partnership that has lasted more than 50 years.
“The China—Guyana relationship is rooted in a profound historical and political foundation. It enjoys the high regard of our two Heads of State and receives widespread support from the two peoples.
“Both China and Guyana adhere to people-centered development with mutually complementary and opportunity-filled economics,” Haiyan noted. She also affirmed that China remains a committed partner of Guyana.
Guyana’s Prime Minister Brigadier (Ret’d) Mark Phillips hailed the China/ Guyana relationship and commended Haiyan for his work while serving here. According to him, Chinese expertise has helped Guyana in the areas of healthcare, agriculture, renewable energy initiatives, and commerce.
“May the bonds of friendship between our nations continue to strengthen, and may the seeds of cooperation you have sown bear fruits for generations to come.
“I look forward to welcoming your successor as we continue to navigate this landscape of progress for both our nations,” the Prime Minister said.
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