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China announces US$1 billion Caribbean initiative
Chinese government official expressed that Beijing wanted to discuss and sign a protection agreement with the Caribbean to promote two way investments.
The two-day China Caribbean Economic and Trade Cooperation Forum opened here on today with China announcing that it would pump millions of dollars in assistance to the Caribbean Community (CARICOM).
 
Vice Premier of the People's Republic of China, Wang Qishan told the opening ceremony attended by a number of Caribbean leaders including Jamaica's Prime Minister Bruce Golding, his Antigua and Barbuda counterpart Baldwin Spencer and the Guyana President Bharrat Jagdeo, that Beijing would provide funds for six initiatives aimed at boosting relations between the two regions.
 

Vice Premier of China,Wang Qishan (M); Jamaica's Prime Minister Bruce Golding (L2)
 
He announced that China would provide one million USA dollars to the Caribbean Development Fund (CDF) in addition "to providing no less than 2,500 training opportunities for Caribbean countries and 30 opportunities with Masters Degrees for Caribbean professionals to study in China".
 
He said China would also help the in-house capabilities of Caribbean countries fight natural disasters and that Beijing would provide support in the building of seismic and tsunami early warning and monitoring networks.
 
Trinidad and Tobago's Prime Minister Kamla Persad Bissessar told Wang and the visiting Chinese delegation that the Caribbean is an ideal location for investment.
  Source: Jamaica Observer

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