GEORGETOWN, Guyana, CMC- The Chief Investment Officer at the Guyana Office for Investment, Dr. Peter Ramsaroop, says trade relations between Guyana and Brazil have expanded significantly in recent years, creating new opportunities for investment, private-sector growth, and regional economic integration.
Ramsaroop said that Guyana’s rapidly expanding trade relationship with Brazil reflects the strengthening partnership between the two countries.
Brazil’s Ambassador to Guyana, Maria Cristina de Castro Martins, said bilateral trade between the two countries has increased from approximately US$58 million in 2020 to US$1 billion in 2026.
Speaking during an interview on a local radio program, the Brazilian diplomat described the increase as a major expansion in economic cooperation driven by growing demand in sectors such as energy, mining, infrastructure, and construction.
She said that Guyana’s exports to Brazil are largely concentrated in crude oil, accounting for approximately 98 percent of shipments. In contrast, Brazil’s exports to Guyana mainly consist of machinery and industrial equipment used in construction, mining, extractive industries, and oil production.
Ramsaroop said the Brazilian ambassador’s statement “reflects the significant expansion in engagement and cooperation between our two countries in recent years, particularly in trade, infrastructure, agriculture, logistics, and private sector collaboration.”
He said that several major infrastructure initiatives are positioning Guyana as a strategic commercial link between the Caribbean and South America.
These include the upgraded road connection between Guyana and northern Brazil, expansion of port facilities such as the Tristar terminal, plans for a deepwater port in Berbice, expanded logistics infrastructure, and the government’s plans to transform the Lethem airport into an international hub.
According to Ramsaroop, these developments are expected to create new opportunities in trade, tourism, transportation, manufacturing, and industrial development.
We are seeing increasing interest from companies in sectors such as large-scale agriculture, agro-processing, logistics, construction, manufacturing, energy support services, and infrastructure development. Guyana is strategically positioned between the Caribbean and South America, creating opportunities for regional expansion and integration,” he said.
The chief investment officer said that local businesses, particularly those in Lethem and Region Nine, are expected to benefit from stronger commercial ties with Brazil, driven by increased economic activity and improved connectivity.
He said expanded port capacity, improved transportation corridors, and enhanced connectivity between Guyana and Brazil “will create new opportunities for our local private sector in transportation, logistics, hospitality, cargo handling, tourism services, warehousing, retail, and agro-processing”.
Further, he noted that Guyana’s expanding agricultural sector is also opening doors for joint ventures and regional partnerships, and that future opportunities in fertilizer production and industrial processing exist as Guyana continues to expand its energy and logistics capabilities.
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