Guyana urges more major French companies to establish presence in Guyana

Finance Minister, Dr. Ashni Singh, expressed the Government’s desire to see more large French companies establishing a presence in Guyana, not only to do business, but recognising that Guyana is the gateway to Northern South America, to Northeastern South America, and to the Caribbean.

He made this comment to a visiting French Business Mission led by Mouvement des Entreprises de France (MEDEF).

The French exploratory mission, organized by the Chamber of Commerce and Industry of French Guiana through Team France Export Antilles-Guyane, is currently visiting Guyana to meet with government officials and private sector leaders to explore commercial opportunities.

During his remarks, Dr. Singh highlighted that Guyana shares a very special relationship with France and expressed the Government’s strong appreciation for the opening of the Embassy of the French Republic in Guyana, noting that this serves as a very important signal of the significance placed by France on this relationship.

He also used the opportunity to highlight Guyana’s rapid economic transformation, noting that the country is producing almost 920,000 barrels of oil per day, and before the end of this year, we will be switching on an additional platform, which will take us to 1.1 million barrels of oil per day. Dr Singh added that by the end of this decade, Guyana will be producing 1.5 million barrels of oil per day.

In that regard, he explained that Guyana’s trajectory positions the country in such a way that it makes sense for large capitals and for major companies to establish the relationship and to invest in that relationship, starting from now.

Also delivering remarks, the Ambassador of France to Guyana, His Excellency Olivier Plançon, underscored France’s commitment to strengthening trade and investment ties while promoting economic and sustainable development.