Guyana, Brazil clinch investment facilitation pact

Guyana’s Ambassador to Brazil, George Talbot (right) and Foreign Minister of Brazil, Aloysio Nunes Ferreira. (Ministry of Foreign Affairs photo)

Guyana and Brazil yesterday signed an investment facilitation agreement in Brasilia.

A statement from the Ministry of Foreign Affairs yesterday said that Guyana’s Ambassador to Brazil, George Talbot and Foreign Minister of Brazil, Aloysio Nunes Ferreira, signed a Cooperation and Facilitation of Investment Agreement (CFIA) in a brief ceremony at the Itamaraty Palace in Brasilia, the locus of the Brazilian Ministry of Foreign Affairs.

 The Agreement marks a further deepening of relations between the two countries, the release said.

The agreement provides a framework for cooperation and support to investors from both countries.

 Along with other agreements already in place, including the International Road Transport Agreement for the movement of passengers and goods between Guyana and Brazil, the Partial Scope Agreement on trade, and ongoing cooperation on the Linden-Lethem road, the CFIA contributes to the further consolidation of  bilateral relations and to the fostering of business-to-business ties, the release said.

 This year marks the 50th anniversary of Guyana and Brazil relations. Nunes visited Georgetown on July 12, 2018.

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