Georgetown : The Business Conference of the third China-Caribbean Economic and Trade Cooperation Forum in Trinidad and Tobago brought promising results with China committing finances to support regional governments, up exports, offer scholarships and fortify agriculture.
Guyana is among the CARICOM countries to benefit as Chinese vice Premier Wang Qishan on Monday pledged US$1billion of preferential loans to support the local economic development of the region.
During the opening ceremony, Wang said the Chinese government will further deepen China-Caribbean cooperation in such areas as finance and investment, capacity building, environmental protection, new energy, culture, education, health, trade, tourism as well as agriculture and fishery.
In finance and investment, the China Development Bank will set up $1billion in special business loans to finance infrastructure.
China will also donate $1M to the Caribbean Development Fund. In capacity building, the Chinese side will offer training courses for no less than 2,500 Caribbean nationals and 30 at the postgraduate level to study in China. The Asian giant will also help build an early warning monitoring network for earthquakes and tsunamis and provide training for disaster reduction and prevention.
The China-Caribbean Economic and Trade Cooperation Forum is the highest level of economic and trade dialogue mechanism between the two sides, whose mission is to facilitate economic and trade cooperation for common development.
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