GUYANA   -  Trade Information Database

Trade Policy of Guyana - Selected Documents

This section centralises information relating to Guyana's national trade policy. Government trade policy overviews and national development strategy papers as well as information on agreements, regulations, standards, and the investment climate are also presented in this section.
Guyana's trade policy is clearly not developed in isolation, but rather within a regional and global trade context. Over the years, the number of commitments derived from participation in the World Trade Organisation (WTO), as well as CARICOM, and other regional trade fora has increased. As such, documents that provide somes insight into these regional and global policy frameworks have been included.

 NATIONAL TRADE POLICY

"As a result of the small size of the internal market and historical pattern of development, Guyana is exceptionally dependent on international trade as an engine of economic growth.
Guyana is also highly dependent on trade taxes as a source of government revenue.  In 2002, consumption tax on imports accounted for nearly 30% of budgeted revenue in 2002, while the actual tariffs imposed on imports accounted for approximately 9% of budgeted revenue.
"

Source: Government Report to the WTO,  2003
 

  REGIONAL & GLOBAL CONTEXT

 

Guyana is a member of the Caribbean Common Market and Community (CARICOM).  Guyana has participated in the GATT since July 1966 and in the WTO since January 1995.

    Regional Level
 

CARICOM
Background Information, Legal Framework of Integration, External Trade Agreements, On-going Negotiations, CSME Initiative

CRNM
Background Information, Studies and Publications

 
    Global Level
 

The World Trade Organisation - WTO
Introductory Documents, Doha Development Agenda, Multilateral Agreements, Annual Reports, Special and Differential Treatment, Dispute Settlement Mechanism. Also,
WTO Monitor Bulletin January 2004
WTO Monitor Bulletin October 2003
MOFTIC

Other International Organisations
Reports & Country Strategies on Guyana
IDB Country Strategy
IDB-Regional Operation Department 3
World Bank Country Strategy, 2002
LAC, World Bank
IMF Art.IV Consultation, 2004
Staff for the 2004 Consultation with Guyana

 
   

Main Policy Documents
 
National Development Strategy, 1997
  Chapters 1-8
  Chapters 9-20
  Chapters 21-30

  NDS Secretariat, Ministry of Finance

Budget Policy
 
Budget Speech 2005
  Budget Speech 2004
   Mr. Saisnarine Kowlessar, Minister of Finance


Legal Framework

External Trade Agreements

Preferential Schemes

Bilateral Investment Treaties

Trade Related Legislation
Intellectual Property Rights
Investment

Commercial Guide: Guyana

Trade Regulations &
Standards
, 2004
Investment Climate, 2004
US Department of Commerce

 

  Trade Policy Documents

WTO Secretariat Trade Policy Review, 2003
Government Report. WTO Secretariat
Structure of Trade Policy. WTO Secretariat
Policies by Sector. WTO Secretariat
Policies and Practices by Measure. WTO Secretariat  

MOFTIC Foreign Trade Review
Review of Guyana's Foreign Trade 2002-2003.
Ministry of Foreign Trade and international Cooperation -MOFTIC
Review of Guyana's Foreign Trade 2001-2002. Ministry of Foreign Trade and international Cooperation -MOFTIC

Other Trade Policy Documents
The Need for a Unique Strategic Framework, 2004. MOFTIC
Removal of Restrictions Inconsistent with the Provisions of the Revised Treaty establishing CARICOM. MOFTIC

MOFTIC Press Releases
Issue 3 2004 |  Issue 2 2004 | Issue 1 2004
Issue 4 2003 | Issue 3 2003 | Issue 2 2003 |  Issue 1 2003

 

 RELEVANT PUBLICATIONS

On Guyana
A Trade Strategy for Guyana. Craig VanGrasstek
Guyana - Development policy review - the challenges of governance and growth, 2003. Caribbean Country Management Unit, World Bank
Guyana - European Community Country Strategy Paper, 2002. Government of Guyana and EU Commission

On Trade Policy
World Trade Report 2004, 2004. World Trade Organisation
World Trade Report 2003, 2003. World Trade Organisation

On the Regional and Global Context
CARICOM Report, 2002. Taccone, J. and Nogueira, U (coordinators)
Trade Policy and Caribbean Development, 2001. Barclay, L; Henry, R and James, V
Globalisation and Small Developing Countries. Bernal, R.    (source: CRNM website)
Survey of the Caribbean Tax Systems, 2004. Dos Santos, P and Bain, L