No concrete trade deals out of GuyTIE yet – Ministry of Business

The Korea Trade-Investment promotion Agency booth at GUYTIE

The jury would appear to be still out on the outcomes of the September 19-22 Guyana Trade and Investment Exhibition (GuyTIE) as local companies pursue follow-ups to engagements with potential buyers who came here for the event.

An article written by the Ministry of Business for the Stabroek Business and published in this issue discloses that the local enterprises are engaged in the pursuit of up to fifty “leads” though it provides no specific details of the outcomes of those engagements.

The article names local company Roy’s Spices as having reported that arising out of GuyTIE “connections” had been made with markets in Canada, while it says that another local entity, Comfort Sleep, had “gained footing” in the St. Lucian and Cuban markets.

It also said that Cutters of Barbados had shown an interest in rum products from both Banks DIH and DDL and that the representatives of the two local companies had reported “fruitful engagements.” Another local company, Umami, had also, according to the Ministry of Business article, found new markets in Canada, Barbados and Antigua while it said that other local companies “are still in active negotiations, based on linkages established at the exhibition.”

Arising out of their participation in the GuyTIE event, the proprietors of six local small businesses in the agro-processing and craft production sectors are due to travel to St Vincent (see story elsewhere in this issue) to attend the 2018 Everything Vincy Expo, that country’s major trade and investment event. The participation in the event by the local women is being partially funded by the Guyana Office for Investment (GO-Invest) and the Small Business Bureau.

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