IBOV 175,229.27 ▲ 0.37% IPSA 11,375.68 ▼ 0.66% IPC MEX 66,644.91 ▲ 0.53% MERVAL 3,044,628 ▲ 1.18% COLCAP 2,507.12 ▼ 0.05% BVL PERÚ 60,449.35 ▲ 0.64% USD/BRL5.16▲ 0.19% USD/MXN16.96▲ 0.05% USD/CLP918.87▲ 0.61% USD/COP3,133▲ 2.27% USD/PEN3.34▼ 0.36% USD/ARS1,514▲ 0.12% USD/UYU40.18▲ 1.55% USD/PYG5,957▲ 0.99% USD/BOB11.50▲ 1.47% USD/DOP58.15▼ 0.27% USD/CRC450.21▲ 2.07% USD/GTQ7.62▲ 2.21% USD/HNL26.82▲ 0.34% USD/NIO36.62▲ 0.09% USD/VES785.55▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.10% EUR/BRL6.01▲ 0.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 175,229.27 ▲ 0.37% IPSA 11,375.68 ▼ 0.66% IPC MEX 66,644.91 ▲ 0.53% MERVAL 3,044,628 ▲ 1.18% COLCAP 2,507.12 ▼ 0.05% BVL PERÚ 60,449.35 ▲ 0.64% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Wednesday, August 26, 2026

The Guyanas Business

Guyana and Trinidad Build a Trade Desk to Unblock Honey and Peppers

By · July 9, 2026 · 7 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Trade

Key Facts

The deal. The Georgetown and Trinidad chambers of commerce signed a memorandum of understanding on July 8 to create a joint trade desk.

The timeline. Officials expect the desk to be operational within three months.

The target. Non-tariff barriers, the paperwork and standards rules that block goods even where no tariff applies.

The goods. Early attention goes to Guyanese honey, pineapples and peppers, long restricted in the Trinidadian market.

The context. Guyana expects electricity costs to fall by half under its Gas-to-Energy project, and is building a manufacturing zone at Wales.

The gap. Both countries have belonged to a common market since 1973, yet the barriers persist.

Guyana Trinidad trade has run for half a century inside a common market that was supposed to make trade easy. It is still hard enough that the two countries’ business lobbies have now built an institution whose only job is to write down what is blocking the honey.

The Georgetown Chamber of Commerce and Industry and its Trinidadian counterpart signed a memorandum on the eighth of July committing to a joint trade desk. They expect it running within three months.

The desk will take complaints from businesses, sort them, and decide whether each obstacle needs private pressure or a change in the law. A joint working group will then chase the resolution and record whether it actually happened.

That last clause is the interesting one. Regional trade diplomacy in the Caribbean has rarely suffered from a shortage of communiqués; it has suffered from nobody keeping score.

Guyana and Trinidad's business chambers are setting up a permanent des
Guyana and Trinidad’s business chambers are setting up a permanent desk to document and clear the barriers blocking regional trade. (Photo: Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

What actually blocks Guyana Trinidad trade

A tariff is a tax at the border and it is visible. A non-tariff barrier is everything else, and it is not.

It is the licence that never comes, the health certificate the importing country will not recognise, the standard written so that only a domestic producer can meet it. The goods never get taxed because they never arrive.

The chambers named the goods getting early attention, and they are unglamorous: honey, pineapples, peppers. These are the exports of small farmers, which is precisely why they have gone unfixed for years.

Both countries are founding members of the Caribbean Community, established in 1973 and headquartered in Georgetown. A common market has existed on paper ever since.

Why the timing is not an accident

Guyana is about to stop being only an exporter of crude. Its Gas-to-Energy project is meant to cut the cost of electricity by half, and a manufacturing zone is rising at Wales on the west bank of the Demerara.

Kathy Smith, who leads the Georgetown chamber, put the logic plainly. With power costs falling and the Wales zone taking shape, she said, the country is expanding manufacturing from agro-processing to value-added production, and balance in market access becomes crucial.

Read that as a warning as much as a boast. Cheap power would make Guyana a competitor in the kind of light manufacturing its gas-rich neighbour has long supplied.

A country that is about to make things needs somewhere to sell them. The nearest market of any size is the one where its peppers still meet a closed door.

An institution built to outlive its founders

Karen Yip Chuck, president of the Trinidad and Tobago Chamber of Industry and Commerce, framed the desk as a hedge against political memory. Businesses require a permanent mechanism providing continuity, accountability and measurable outcomes, she said.

She noted that earlier cooperation between the two chambers had already settled several commercial disputes and produced a documented inventory of the barriers still outstanding. The desk is meant to make that list permanent rather than personal.

This is a private-sector body doing what governments have not. The chambers will also work together on business intelligence, investment promotion and research, then put evidence-based recommendations to their two governments.

It follows a separate agreement signed earlier this year between the Georgetown chamber and Trinidad’s Energy Chamber, covering the oil and gas supply chain. The head of that body, Priya Marajh, described the aim as mutual: success in one country creating openings in the other.

What Guyana Trinidad trade tells a foreign investor

Two energy economies sit at either end of this arrangement, and they are at opposite stages of life. Trinidad built its industry on natural gas over decades, and its chamber now speaks of trade ties as a two-way hedge.

Guyana pumps more than nine hundred thousand barrels of crude a day and banked almost two billion dollars of oil money in six months. One is trying to hold on to an industrial base, the other to build one.

Whether a trade desk can move that is an open question, and the honest answer is that a memorandum is not a result. The measurable thing is the list, and whether items ever come off it.

Watch for the first barrier formally cleared, and the date it happened. That will say more about the future of Caribbean integration than any summit communiqué issued this year.

What is a non-tariff barrier?

It is any obstacle to importing a good that is not a tax at the border. Licensing delays, unrecognised health certificates and product standards written to favour domestic producers all qualify, and they can block trade completely even where the tariff rate is zero.

Who signed the agreement and when?

The Georgetown Chamber of Commerce and Industry and the Trinidad and Tobago Chamber of Industry and Commerce signed a memorandum of understanding on the eighth of July 2026. Their presidents are Kathy Smith and Karen Yip Chuck respectively.

Which goods are affected first?

The chambers said early attention would go to long-standing restrictions on Guyanese agricultural exports, naming honey, pineapples and peppers. They intend to prioritise the commercially most significant cases and take regulatory questions to the relevant government agencies.

Frequently Asked Questions

What did the Georgetown and Trinidad chambers of commerce agree to on July 8?

The Georgetown Chamber of Commerce and Industry and its Trinidadian counterpart signed a memorandum of understanding to create a joint trade desk. The desk will take complaints from businesses, sort them, and decide whether each obstacle requires private pressure or a change in the law.

How long will it take for the joint trade desk to become operational?

Officials expect the desk to be operational within three months of the memorandum being signed on July 8. A joint working group will chase resolutions and record whether they actually happened.

What specific goods and trade barriers is the joint trade desk focused on?

The desk is targeting non-tariff barriers, meaning the paperwork and standards rules that block goods even where no tariff applies. Early attention will go to Guyanese honey, pineapples, and peppers, which have long been restricted in the Trinidadian market.

Connected Coverage

French Guiana Joins CARICOM as Associate Member in 2026

Guyana’s Power Line to Halve Electricity Bills Hits 99%

Guyana’s Race to Build an Economy That Outlasts Oil

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.