Fri 5 Oct 2007
China relations to boost Caribbean economies
Friday, Oct 5th, 2007 at 8:42 amCategories: China; Caribbean
Posted by Administrator
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“$197m coming Jamaica’s way [from China]”
So much for the Monroe Doctrine:
Caribbean economies are expected to swell from billions in foreign direct investment from China in the next three years, as the world’s fourth largest economy makes good on its commitment to improve economic ties with the region.
… China has also committed itself to improving trade conditions with the region and strengthening its capacity. Two thousand Caribbean government officials and technical professionals will be trained over the three-year period, while scholarships will be made available for Caribbean nationals to study in China. Some 600 persons have already been trained.
… Responding to the Vice Premier’s announcement, Barbados Deputy Prime Minister Mia Motley hailed China for its continued support of the region, noting that its assistance was welcomed as struggling Caribbean states would be forced to open themselves for free trade by 2008.
Jamaica Gleaner News: September 10, 2007