Assignment 3: Export/Import Research Paper Part 1

Determine the major elements and dimensions of the business culture in the selected country.

The United States is the largest exporter with an estimated 25.2% under its belt. The major exports in Guyana consist of gold 51.1%, sugar 8.1%, bauxite 11.5%, rice 13.5%, shrimp 4.0%, and timber 3.0%. With gold being the number one export in Guyana, the Omai Gold Mine is the largest open-pit gold mine in South America. There is ply-wood production for export by the Korean-Malaysian company, Barama.

Guyana’s location is a prime area for imports and exports. Being that Guyana is part of the Caribbean, making transportation of goods is simple and almost seems effortless compared to many other countries. This provides easy access to the Gulf of Mexico, the Atlantic Ocean, or the Pacific through the Panama Canal.

Not only does the geographical location make for great access to maritime exporting, but the climate is also very conductive for this type of transport. With steady temperatures, regular weather patterns, and little to no hurricane activity, meteorologically this country is in a great place.

Guyana has diplomatic relations with a wide range of nations. The European Union (EU), the Inter-American Development Bank (IDB), the UN Development Program (UNDP), the World Health Organization (WHO), the United Nations Children’s Fund (UNICEF), the World Bank, the International Monetary Fund (IMF), and the Organization of American States (OAS) have offices in Georgetown. The Caribbean Community (CARICOM in January 2006) has its Secretariat headquartered in Georgetown. Strongly supports the concept of regional integration. It played an important role in the founding of CARICOM, but its status as one of the organization's poorest members limits its ability to exert leadership in regional activities.

In 2010, registration with the tax authorities were streamlined with the introduction of a single tax identification number for corporate, value added, and labor taxes....