Guyana, Colombia strengthens bilateral trade, investment ties

The Guyana Office for Investment (GO-Invest) and Procolombia, Colombia’s national investment and trade promotion agency, signed a memorandum of understanding (MoU) on Tuesday to strengthen bilateral trade and investment ties.

The agreement establishes a framework for cooperation in investment promotion and private sector development, aimed at boosting cross-border commercial activity and expanding market access in key sectors.

The MoU was signed by Dr. Peter Ramsaroop, Guyana’s Chief Investment Officer, and Rafael Cuesta, Procolombia’s Director for the Caribbean. Colombia’s Ambassador to Guyana, Graybern Livingston Forbes, and senior representatives from both agencies also attended the signing ceremony.

“This partnership is grounded in a shared vision for regional prosperity,” said Ramsaroop. “The Guyana Office for Investment welcomes the opportunity to work alongside Procolombia to identify viable investment opportunities, facilitate private sector linkages, and support sustainable economic growth on both sides.”

The partnership targets collaboration in sectors including tourism, energy services, infrastructure, technology, agribusiness and logistics. Officials said the initiative will also benefit from emerging logistical infrastructure, including direct air connectivity between the two countries.

Under the agreement, the two agencies will participate in joint promotional activities, facilitate business partnerships, and maintain regular institutional dialogue between their respective governments.

GO-Invest said the move is aligned with its strategic goal of positioning Guyana as a leading investment destination in the Caribbean and South America.