Guyana Trade Investment

8/13/2019 Guyana Trade Investment

http://slidepdf.com/reader/full/guyana-trade-investment 1/8

MARKET REPORTS/STATISTICS

International Trade Center

Guyana

Trade and Investment Data

1. Detailed data on the country‘s export performance, key imports and foreign investment,

grouped by product and service categories (HS and BOP).

Trade Performance Index

Export Performance (HS)

Import Profile (HS)

Foreign investment statistics (FDI)

Trade in goods statistics (HS)

Trade in services statistics (BOP)

Consistency of Trade Statistics

2. One topic that took my interest is the development challenges that are listed by the

International Trade Center of my country. It says that despite the overall decline in

agricultural output, the economy of Guyana has been growing thanks to an increase in the

five main sectors: gold extraction, services, construction, wholesale and retail. The

country‘s global prices have increased, its external current account deficit and fiscal

deficit have widened, while public debt has remained unchanged. The country isclassified as a Highly Indebted Poor Country (HIPC) after writing off most of its debt.

The country faces development challenges, including:

A high cost of living

Turbulent politics due to a ethno-cultural division

Highly susceptible to adverse weather conditions and fluctuations in commodity

prices

Shortage of skilled labour

Deficient infrastructure

Very poor health conditions for a large part of the population

Low service quality of the water and sanitation sectors

Product Maps

1. Find the latest ITC price report. Try to find wholesale price information.



The average export price per ounce of gold increased by 6.0 percent to US$1,575.4 per

ounce from US$1,486.5 per ounce in 2011.

2. Explore on the other analysis tools.

Market Access Map, Investment Map, Trade Competitiveness Map, and Standards Map

review indicators on export performance, export and import statistics of 220 countries

and territories and 5300 products of the Harmonized System. Also access information on

specific sectors, including market studies, smart links and business contacts, and

information on customs tariffs (import duties) and other measures applied by 190

importing countries to products from 239 countries and territories.

3. What other relevant information can you find in the P-maps?

Export and Import values.

Trademap – www.trademap.org

1. Which were Guyana‘s top 3 exported product groups to the world in the latest year‘s

figure?

The most recent top 3 exported products are:

Pearls, precious stones, metals, coins, etc = 250,716

Cereals = 196,037

Sugars and sugar confectionery = 173,691

2. Out of the list, which product group show the highest growth in Guyana exports?

Ships, boats and other floating structures = 10,500 (exportations growth in value)

3. Among Guyana‘s most exported products, which countries are the biggest competitors

for that product?

Hong Kong, China = 77,557,156

United States of America = 71,664,266

China = 45,451,332

India = 43,089,690

United Kingdom = 37,465,019

4. Find relevant trade data for a product of your own interest!

Wood and articles of wood, wood charcoal

Trade Data (2012 estimates)

Exported value = 43,576

Imported value = 6,111

Trade balance value = 37,465

Top spot:

http://www.trademap.org/






Wood sawn/chipped lengthwise, sliced/peeled with 15,459 balance

in value



progress smoothly, and that the rules of international trade are correctly applied and

enforced.

Trade negotiations

The WTO agreements cover goods, services and intellectual property. They spell out

the principles of liberalization, and the permitted exceptions. They include individual

countries‘ commitments to lower customs tariffs and other trade barriers, and to open

and keep open services markets. They set procedures for settling disputes. These

agreements are not static; they are renegotiated from time to time and new

agreements can be added to the package. Many are now being negotiated under the

Doha Development Agenda, launched by WTO trade ministers in Doha, Qatar, in

November 2001.

Implementation and monitoring

WTO agreements require governments to make their trade policies transparent by

notifying the WTO about laws in force and measures adopted. Various WTO councils

and committees seek to ensure that these requirements are being followed and that

WTO agreements are being properly implemented. All WTO members must undergo

periodic scrutiny of their trade policies and practices, each review containing reports

by the country concerned and the WTO Secretariat.

Dispute settlement

The WTO‘s procedure for resolving trade quarrels under the Dispute Settlement

Understanding is vital for enforcing the rules and therefore for ensuring that trade

flows smoothly. Countries bring disputes to the WTO if they think their rights under

the agreements are being infringed. Judgements by specially appointed independent

experts are based on interpretations of the agreements and individual countries‘

commitments.

Building trade capacity

WTO agreements contain special provision for developing countries, including longer

time periods to implement agreements and commitments, measures to increase their

trading opportunities, and support to help them build their trade capacity, to handle

disputes and to implement technical standards. The WTO organizes hundreds of

technical cooperation missions to developing countries annually. It also holds

numerous courses each year in Geneva for government officials. Aid for Trade aims



to help developing countries develop the skills and infrastructure needed to expand

their trade.

Outreach

The WTO maintains regular dialogue with non-governmental organizations,

parliamentarians, other international organizations, the media and the general public

on various aspects of the WTO and the ongoing Doha negotiations, with the aim of

enhancing cooperation and increasing awareness of WTO activities.

2. How many countries are members of the WTO? Which country/(ies) is/are the newest

member? When did she/they become a member?

There are 159 members as of March 02, 2013.

The newest members with their date of membership:

Lao People‘s Democratic Republic = February 02, 2013

Tajikistan = March 02, 2013

3. Go to ‗Documents and Resources‘ and record the things/issues that you found most

interesting, and why?

Under Documents and Resources then WTO Publications, I found a book about The

History and Future of the World Trade Organization by Craig VanGrasstek. It

describes the history and future of the World Trade Organization which is a

comprehensive account of the economic, political and legal issues surrounding the

creation of the WTO and its evolution. Fully illustrated with colour and black-and-

white photos dating back to the early days of trade negotiations, the publication

reviews the WTO's achievements as well as the challenges faced by the organization,

and identifies the key questions that WTO members need to address in the future.

It stole my attention due to the book describing the intellectual roots of the trading

system, membership of the WTO and the growth of the Geneva trade community,

trade negotiations and the development of coalitions among the membership, and the

WTO‘s relations with other international organizations and civil society. There are

several PDF files that are essential to business students like me. I would also

recommend this to the fellow students studying commerce. Also covered are the



organization's robust dispute settlement rules, the launch and evolution of the Doha

Round, the rise of regional trade agreements, and the leadership and management of

the WTO.

4. Search for issues, news, information that is most relevant to the country assigned to

you.

DISPUTE SETTLEMENT: DISPUTE DS266

European Communities — Export Subsidies on Sugar

Guyana, which is my country, is a third party in this dispute.

Short title: EC — Export Subsidies on Sugar

Complainant: BrazilRespondent: European CommunitiesThirdParties:

Australia; Barbados; Belize; Canada; China; Colombia; Cuba; Fiji;Guyana; India; Jamaica; Kenya; Madagascar; Malawi; Mauritius;New Zealand; Paraguay; Saint Kitts and Nevis; Swaziland;Tanzania; Thailand; Trinidad and Tobago; United States; Côted’Ivoire

On 27 September 2002, Australia and Brazil requested consultations with the

European Communities concerning the export subsidies provided by the EC in the

framework of its Common Organisation of the Market for the sugar sector. The

requests concerned Council Regulation (EC) No. 1260/2001 of 19 June 2001 on theEC‘s common organization of the markets in the sugar sector, and all other

legislation, regulations, administrative policies and other instruments relating to the

EC regime for sugar and sugar containing products including the rules adopted

pursuant to the procedure referred to in Article 42(2) of Council Regulation (EC) No.

1260/2001, and any other provision related thereto. On 14 March 2003, Thailand

requested consultations with the European Communities on the same matter.

According to Brazil, the EC provides, under Council Regulation (EC) No. 1260/2001,

export subsidies for sugar and sugar containing products above its reduction

commitment levels specified in Section II of Part IV of its Schedule of Concessions.Brazil explained that the EC intervention price system for sugar guarantees a high

price for the sugar that is produced within certain production quotas (A and B

quotas). Sugar produced in excess of these quotas (so-called C sugar) cannot be sold

internally in the year in which it is produced: it must be exported or carried over to

fulfil the following year‘s production quotas. Under the EC‘s common organization



of the sugar market and its regulatory framework, exporters of C sugar are able to

export C sugar at prices below its total cost of production.

In addition, according to the EC‘s Schedule for sugar and the agricultural

notifications submitted by the EC to the WTO for marketing years 1995/1996 through

2000/2001, the EC provides export subsidies in excess of its commitments to

approximately 1.6 million tons of sugar per year. The export subsidies provided by

the EC (referred to in the EC Council Regulation (EC) No. 1260/2001 as ―export

refunds‖) cover the difference between the world market price and the high prices in

the Community for the products in question, thus enabling those products to be

exported.

Brazil also believed that the EC sugar regime accords less favourable treatment to

imported sugar and is thus in violation of Article III:4 of the GATT 1994.

Guyana Trade Investment

Documents

Transcript of Guyana Trade Investment