Guyana
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Report by the WTO Secretariat
Guyana’s improved economic performance since its last Review in 2003 came hand-in-hand with high prices for its main export products and significant reform efforts in various areas including the tax and investment regimes competition policy and government procurement. Nevertheless Guyana’s per capita income remains low by regional standards and additional reforms are needed to promote investment and thus development. Such reforms should include the expansion of the country’s economic infrastructure particularly in the transport and energy sectors as well as the further strengthening of governance and the regulatory environment. The latter requires improvements to among others customs procedures SPS regime fiscal incentives and the protection of intellectual property rights. Technical assistance will continue to be instrumental to implement effectively these changes and to allow Guyana to participate more fully in the multilateral trading system.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Concluding Remarks by the Chairperson of The Trade Policy Review Body, H.E. Mr. Mario Matus At the Trade Policy Review of Guyana 8 And 10 July 2009
I should like to sincerely thank Minister Nadir and his team for their constructive engagement in this second Trade Policy Review of Guyana. The discussions on Wednesday and today have been most informative and interesting. We now have a much better understanding of Guyana’s trade policies and practices its future priorities and key economic challenges. I should also like to thank the Discussant Ambassador Norman Harris for his perceptive observations and reflections and Members of the TPRB for their valuable contributions during these two days.