Guyana - Trade AgreementsGuyana - Trade Agreements
Guyana is a member of the Caribbean Community (CARICOM). Goods traded with fellow CARICOM countries are duty free as long as they satisfy origin rules laid out in the Treaty of Chaguaramas.
As a signatory to the Summit of the Americas, Guyana agreed in principle to the establishment of a Free Trade Area of the Americas. Guyana enjoys preferential market access to the United States under the Caribbean Basin Trade Promotion Act (CBTPA), an expansion of the 1983 Caribbean Basin Initiative (CBI). CBTPA benefits exist in effect during a “transition period” continuing until the sooner of September 30, 2020, or the date on which the Free Trade Area of the Americas or another free trade agreement, as described in legislation, enters into force between the United States and a CBTPA beneficiary country. Guyana also enjoys preferential market access to Canada under CaribCan.
The CARIFORUM Economic Partnership Agreement (EPA), of which Guyana is a member, grants all CARIFORUM goods, with a temporary exception for rice and sugar, duty-free and quota-free access to the European Union. The CARIFORUM region is the first group among African, Caribbean, and Pacific countries to secure a comprehensive EPA with Europe that covers not just goods, but services, investment, and trade related issues, such as innovation and intellectual property.
Guyana has an Economic Partnership Agreement with the European Union (EU) and Guyana is a signatory to a number of bilateral trade agreements (e.g., the Guyana–Brazil Partial Scope Agreement, the Guyana–China Trade Agreement, and the Guyana–Venezuela Partial Scope Agreement). These agreements seek to enhance trade in traditional and non–traditional markets.
Guyana is also a signatory to a number of regional trade agreements (e.g. CARICOM–Colombia Trade, Economic and Technical Cooperation Agreement, CARICOM–Costa Rica Free Trade Agreement, CARICOM–Cuba Free Trade Agreement, CARICOM–Dominican Republic Free Trade Agreement, and CARICOM–Venezuela Trade, Economic, and Technical Cooperation Agreement).
Guyana Trade Development and Promotion Trade Agreements