President David Granger said that his Government is committed to ensuring that Chinese investors have a fair deal in the local business arena. He was at the time delivering an address at a dinner and magazine launch organised by the Association of Chinese Enterprises in Guyana (ACEG). The event was held at the Marriott Hotel, Kingston last evening.
Making reference to the 2016 national budget, which was presented to Parliament earlier in the day, the President said that Guyana is committed to creating an enabling environment for businesses to function.
“The 2016 Budget lays the foundation for growth, increased economic activity and greater competitiveness… it is a pro-business, pro-growth Budget. It also addresses important challenges within our social sector and the need to bridge the disparities between the hinterland and coastland and between rural and urban,” the Head of State said.
President Granger added that the Government is pursuing a market-based economy through policies that promote investment in the productive and commercial sectors, but noted that while the country needs a thriving commercial sector, it also needs a thriving productive sector.
“Guyana, therefore, welcomes investors not only in trading, but also in agro-processing, energy generation, information technology and telecommunications, engineering, fishing, housing, mining, manufacturing and tourism. Everyone wins with a larger economy,” the President said.
He assured the Chinese business community of his Administration’s commitment to creating an enabling business environment; promoting thriving commerce and international trade by creating an enabling environment for investment; suppressing illicit trade; protecting the rights and freedoms of all people; providing infrastructure to enable freer faster and cheaper movement to the hinterland and the other sources of economic growth; and to ensuring a strong regulatory framework so as to secure fairness, quality, high standards and the protection of the interests of consumers.
Meanwhile, Chinese Ambassador to Guyana, Zhang Limin in his remarks hailed the friendly relations that Guyana and China have shared since establishing diplomatic ties 40 years ago. He noted that the Chinese companies in Guyana are not only promoters of Guyana-China economic cooperation but are also major participants in the development of Guyana.