China to help CARICOM
Published:Monday | September 12, 2011 | 7:07 PM
The Chinese government has announced that it will be pumping millions of dollars in assistance to CARICOM.
Vice Premier of the People's Republic of China, Wang Qishan said Beijing would provide funds for six initiatives aimed at boosting relations between China and CARICOM.
The announcement was made during the opening ceremony of the two-day China Caribbean Economic and Trade Cooperation Forum.
The Vice Premier said China will provide US$1 billion in loans to Caribbean countries in support of local economic development.
He said Beijing also wants to discuss and sign a protection agreement with the Caribbean to promote two-way investments.
Wang also announced that China would provide US$1 million to the Caribbean Development Fund in addition to providing no less than 2,500 training opportunities for Caribbean countries.