US-Guyana trade reaches record high US$4.7B in 2024

Bilateral relations between Guyana and the United States (US) continue to strengthen with trade between the two countries growing to an all-time high of US$4.7 billion in 2024.

This was revealed by US Ambassador to Guyana, Nicole Theriot, during a reception hosted on Friday evening in Georgetown to celebrate the upcoming 249th Independence of America.

Ambassador Theriot hailed the strong diplomatic ties her country shares with Guyana, adding that a testament to this is the new record set in bilateral trade between Guyana and the US.Guyana tourism packages

“Our commercial ties also continue to deepen and expand. Over the past year, we’ve reached another milestone: bilateral trade in physical goods alone surpassed US$4.7 billion – a new record. The number of US companies working with Guyanese partners continues to grow, along with sustained investment across many sectors,” she posited.Guyana tourism packages

According to the US diplomat, over the past year, the two countries celebrated many new ventures ranging from company launches and grand openings to groundbreaking partnerships. These include a new US-branded hotel, the launch of a new primary and secondary school partnership, a US company now offering Guyana’s first-ever industrial 3D-printing, and the entry of another US company specialising in welding and machining services.

The ambassador declared that this commercial partnership will be further strengthened.

“We’re definitely not slowing down. We’re collaborating on critical infrastructure projects, including the transformative deep-sea port, road and rail project. These are nation-building investments that can shape the trajectory of a country for generations to come. As Guyana’s preferred partner, the United States is honoured to be part of that journey, and we are committed to helping build a legacy of growth and shared prosperity,” she asserted.