The Ambassador of Guyana to Brazil, H.E. George Talbot and the Brazilian Minister of Foreign Affairs, H.E. Aloysio Nunes Ferreira, sign the agreement in Itamaraty. Describes the trade agreements involving this country. Contains resources for U.S. companies to obtain information on how they can use these agreements. Guyana`s Ambassador to Brazil, George Talbot, and Brazilian Foreign Minister Aloysio Nunes Ferreira yesterday signed an Investment Cooperation and Facilitation Agreement (CFIA) in a brief ceremony at the Itamaraty Palace in Brasilia, home of the Brazilian Foreign Ministry. „The agreement marks a further deepening of relations between the two countries and opens the door to closer economic relations. It provides a framework for cooperation and support to investors from both countries,“ said the Guyanese Ministry of Foreign Affairs is also a signatory to a series of regional trade agreements (e.g.
CARICOM-Colombia Trade, Economic and Technical Cooperation Agreements, 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 agreements). Guyana has an Economic Partnership Agreement with the European Union (EU) and is a signatory to a number of bilateral trade agreements (e.g. B the Guyana-Brazil Agreement, whose scope is partial, the Guyana-China Trade Agreement and the Guyana-Venezuela Agreement, whose scope is partial). These agreements aim to promote trade in traditional and non-traditional markets. As a signatory to the U.S. summit, Guyana accepted the principle of creating a U.S. Free Trade Area. Guyana enjoys preferential access to the United States under the Caribbean Basin Trade Partnership Act (CBTPA), an extension of the 1983 Caribbean Basin Initiative (CBI). CBTPA benefits are maintained during a transition period that will come into effect on September 30, 2020 or the effective date of the U.S. Free Trade Area or other free trade agreement, as described in the legislation, between the United States and a CBTPA beneficiary country.
Guyana also benefits from preferential market access with Canada under CaribCan. Together with other agreements already in force, including the International Agreement on Road Transport between Guyana and Brazil, the partial trade agreement and the ongoing cooperation on Linden-Lethem Street, CFIA is helping to further consolidate the framework of bilateral relations and promote business-to-business relations. GUYANA-ARGENTINA Trade and Economic Cooperation Agreement between the Argentine Republic and the Republic of Guyana. . GUYANA-BRAZIL Partial Scope Agreement between the Federative Republic of Brazil and the Cooperative Republic of Guyana. • First Additional Protocol • Second Additional Protocol • Third Additional Protocol • Fourth Additional Protocol • Fifth Additional Protocol • Preferences granted by Brazil • Preferences granted by Guyana Guyana is a member of the Caribbean Community (CARICOM). Goods traded with other CARICOM countries are exempt from customs duties as long as they comply with the rules of origin of the Treaty of Chaguaramas. During the ceremony, Ambassador Talbot reaffirmed Guyana`s appreciation for its excellent relations with Brazil and expressed appreciation for the important contribution of Minister Nunes in this regard. . The CARIFORUM Economic Partnership Agreement (CEPOL), of which Guyana is a part, grants duty-free and quota-free access to the European Union to all CARIFORUM products, with the temporary exception of rice and sugar. .