Guyana and the Dominican Republic pledged to seek greater collaboration in the areas of energy, agriculture, tourism, trade and industry, during the visit of Dominican President Luis Abinader, which concludes this Friday.
Abinader and Guyanese President Irfaan Ali said in a joint statement that the establishment of a Dominican Republic Embassy in Georgetown, inaugurated the day before, is “a tangible step in relations.”
“It will augur well for further cooperation and facilitate opportunities for greater engagement in advancing the bilateral agenda between Guyana and the Dominican Republic,” the release noted.
The two presidents also commended the signing of three bilateral agreements on political collaboration, air services and energy cooperation.
President Ali committed to a reciprocal visit to the Dominican Republic by the end of this June.
They also recognized the important contribution that the private sectors of the two countries can make to advance this agenda and encouraged greater collaboration and partnership between Guyanese and Dominican Republic businesses.
In this regard, the early commencement of Skycana commercial flights is expected, which will provide an opportunity to increase tourism and facilitate travel.
In order to foster these commercial ties and investments, Abinader traveled accompanied by a delegation composed of representatives of the business community and met with members of Guyana’s private sector.
At that meeting, Guyana’s Prime Minister, Mark Phillips, assured that his country’s economy is the “fastest growing in the world” and that there are “immense opportunities for investment”.
Abinader stressed that Guyana has “a lot of potential” and that the Dominican Republic can become “an ideal investment partner”.
The Guyana basin has estimated resources of 25 billion barrels of oil equivalent and a reserve in excess of 11 billion, according to data from the authorities.