Guyana and Brazil sign investment cooperation agreement

Guyana and Brazil have signed an investment and cooperation agreement that the Government here says will further strengthen relations and allow for closer economic ties.

Guyana’s Ambassador George Talbot and the Brazilian Foreign Minister Aloysio Nunes Ferreira signed the agreement Thursday during a brief ceremony at the Itamaraty Palace in Brasilia, home of the Brazilian Ministry of Foreign Affairs.

“Along with other agreements already in place, including the International Road Transport Agreement for the movement of passengers and goods between Guyana and Brazil, the Partial Scope Agreement on trade, and with ongoing cooperation regarding the Linden-Lethem road, the (agreement) contributes to the further consolidation of the framework of bilateral relations and to the fostering of business-to-business ties,” the Ministry of Foreign Affairs in Georgetown stated.

The Ministry said Ambassador Talbot reiterated Guyana’s appreciation for the excellent relations enjoyed with Brazil and expressed recognition of the important contribution of Foreign Minister Nunes in that regard.

This year marks the 50th anniversary of Guyana and Brazil relations.