A bilateral investment protection and promotion agreement has been in place since 1994. The Federal Republic of Germany has contributed to Guyana’s economic recovery through debt cancellation. A regular political dialogue has been held between Guyana and the European Union (EU) since 2009.
Germany funds resource management and rainforest preservation projects in Guyana. Furthermore, Guyana has indirect links with Germany’s development cooperation through regional projects between Germany and the Caribbean Community (CARICOM) that focus on sustainable economic development, the promotion of renewable energy, adaptation to climate change and fostering biodiversity. In addition, Germany provides assistance in the region through micro-projects.
Other cooperation and trade accords exist within the framework of the agreements between the European Union and the ACP (Africa, Caribbean, Pacific) states as well as between the EU and CARIFORUM (CARICOM member states plus the Dominican Republic). Guyana and the states of the Caribbean hope that the signing of the EU’s new partnership agreement with the states of Africa, the Pacific and the Caribbean (Post-Cotonou Agreement) will bring a further intensification of relations with the EU.
Germany supports the CARICOM states in their efforts to combat the proliferation of small arms through the Caribbean Firearms Roadmap.