The American Chamber of Commerce (AMCHAM), which is affiliated to the United States Chamber of Commerce, is preparing to establish an affiliate in Guyana to attract and represent American business interests, American Ambassador to Guyana, Perry Holloway said Wednesday night.
He said AMCHAM Guyana is expected to set up shop by August, 2018. “The first ever official American Chamber of Commerce will begin operations in Guyana,” he told a reception at the Marriott Hotel mark American Independence Day.
“This is a great initiative that will help our two countries,” he added. The American Chamber is coming to Guyana as an increasing number of US companies establish a foothold here to capitalise on the growing oil industry which is set to produce more oil than Trinidad and Tobago when Liza Phase One begins pumping 120,000 barrels per say from March, 2020.
AMCHAM says it is a voluntary association of US enterprises and individuals doing business in a given country as well as firms and business executives of that country who operate in the US. AMCHAM says it can be a “collective patform for advocacy surrounding business needs and policies relating to trade” as well as “key clearinghouse on information relating to trade, investment and commerce and an information centre for customs duties, tariffs and regulations”