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In June 2000, Guyana signed up to the Cotonou Agreement – a treaty between the EU and the African, Caribbean and Pacific Group of States, otherwise known as the ACP countries. The agreement focuses on three main areas:
In November 2012, the EU and the Caribbean adopted the Joint Caribbean-European Union Partnership Strategy. This strategy is improving Caribbean–EU relations by adding a deeper political dimension to discussions. It focuses on:
The EU-Guyana cooperation strategy for the period 2008-2013 focused mainly on:
Guyana is a signatory to the Economic Partnership Agreement (EPA), which it ratified on 19 May 2012. The EPA helps make trade, investment and development assistance easier for both sides.
Guyana and the EU have a sound trade relationship.
The EU currently accounts for between 30 and 35 % of Guyana's total exports. These exports are made up of sugar, rice, rum, bauxite, precious stones and timber products. The EU is Guyana's main export market for cane sugar and other sugar products.
The EU is the main provider of grants to Guyana. Over the years, it is not only the level of funding that has increased, but the quality of the EU-Guyana partnership for development has also improved.
The EU’s interventions in Guyana have been increasing the country's ownership and accountability for the various funded programmes.
The programmes are jointly designed by the EU Delegation and the Guyana Government and are called Annual Action Programmes.
Funding comes from three main sources: