Wednesday, June 5, 2013

China ramps up presence in Caribbean By : The Associated Press | Over A Dozen Caribbean Governments For Invest Caribbean Now Forum Today... | President Xi Jinping's state visits to Trinidad and Tobago, Costa Rica and Mexico... | Confucius Institute to Open at University of the West Indies St Augustine

via caribbean - Google News on 6/5/13

Over A Dozen Caribbean Governments For Invest Caribbean Now Forum Today
South Florida Caribbean News
Two premiers, a chief minister, a governor; seven ministers of governments and two commissioners will join more than a hundred delegates, including from China; the U.S. government and the private sector, for the Avalon Invest Caribbean Now Forum at the ...
Turks and Caicos Premier in New York For Caribbean WeekCaribbean Journal
TCI open for investmentTurks and Caicos Weekly News

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via Caribbean Journal by admin on 6/5/13
Above: UWI St Augustine
By the Caribbean Journal staff
A Confucius Institute will be opening at the University of the West Indies St Augustine.
The announcement comes after a visit by a six-member delegation from the Hanban/Confucius Institute headquarters in China to Trinidad.
The institute will be the second of its kind in the Caribbean, following the establishment of an institute at the University of the West Indies Mona campus in Jamaica in 2010.
UWI Professor Clement Sankat and Xu Lin, director general of Hanban signed the Memorandum of Understanding creating the centre.
UWI and the institute first signed a memorandum of understanding in 2010. That included the provision of a Mandarin language and Chinese culture lecturer at the UWI Centre for Language Learning from January 2011.

» Barbados, China Looking to Finalize Air Services Agreement
05/06/13 10:00 from Caribbean Journal
Tweet Above: Bridgetown (CJ Photo) By the Caribbean Journal staff The recent meeting between Barbados Prime Minister Freundel Stuart and China President Xi Jinping included discussions about finalizing an air services agreement between the..

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China ramps up presence in Caribbean
Issued: June 2, 2013
PORT-OF-SPAIN, Trinidad and Tobago Chinese President Xi Jinping met for the first time with officials in Trinidad and Tobago Saturday on the first...
Scientists explore depths of Bonaire …
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China ramps up presence in Caribbean

PORT-OF-SPAIN, Trinidad and Tobago — Chinese President Xi Jinping met for the first time with officials in Trinidad and Tobago Saturday on the first stop of a four-country regional tour.
In a news conference, Xi announced that China was awarding Trinidad a $250 million loan to build a children’s hospital. He also said he and Trinidadian Prime Minister Kamla Persad-Bissessar had signed a memorandum of understanding to cooperate on a range of issues.
“We both agree to actively advance cooperation in key areas of energy, minerals and infrastructure development and also to advance our cooperation in new energy, telecommunications and agriculture,” Xi told reporters after he and Persad-Bissessar met in her office.
Persad-Bissessar said Trinidad views China “as a very key business partner and a potential new market for our energy products and for alternative energy research.” She added that Xi agreed to send the Caribbean 100 volunteer medical professionals over the next three years.
Officials also announced Trinidad plans to open an embassy in Beijing later this year, and Persad-Bissessar will make an official visit to China in November. A Chinese waterproofing firm named Beijing Oriental Yuhong also signed an agreement with the Lake Asphalt company of Trinidad to build a plant to produce roofing and other waterproofing products.
Xi arrived in Port-of-Spain late Friday for his first state visit to the twin-island nation, a leading supplier of natural gas. It was also the first ever visit for a Chinese president.
During his stay, he’s also expected to meet with leaders from other Caribbean countries, including Antigua and Barbuda, Barbados, the Bahamas, Suriname and Jamaica.
China and Trinidad have had diplomatic ties for almost 40 years, and Trinidad is a major trading partner in the Caribbean for China.
That trade has grown significantly, from $174 million in exports and imports in 2006 to $450 million last year, according to an International Monetary Fund database.
Xi is also traveling to Mexico, Costa Rica and the U.S. on this trip.
China has been ramping up investment and aid in the English-speaking Caribbean in recent years from hotels and container ports in the Bahamas to bauxite mines in Guyana. China has pledged $400 million in aid to Jamaica and companies from the Asian country are helping to lay fiber-optic cables linking Cuba, Jamaica and Venezuela, as well as Guyana and Brazil.
The investments are mostly business ventures, but some see the increased activity as an effort by China to establish a Caribbean beachhead at the doorstep of the U.S.
The Chinese president’s trip comes just days after U.S. Vice President Joe Biden and political leaders from across the Caribbean met in the capital of resource-rich Trinidad & Tobago to sign a trade agreement and discuss a range of security, investment and energy issues.
After a more than three-hour session, Biden signed an agreement providing a framework for trade and investment between the U.S. and the Caribbean Community, a group of 15 nations and territories that include Trinidad, Jamaica and the Bahamas.
Biden also disclosed that Washington and Trinidad recently signed a memorandum on launching a renewable energy research center in the country for the whole Caribbean region.
“There’s probably no group of nations better situated to take advantage of renewable energy possibilities than here in the Caribbean,” he said.
Officials also spoke to Biden about their concerns regarding generous U.S. subsidies to the rum industry in its Caribbean territories of Puerto Rico and the U.S. Virgin Islands that regional distillers worry will drive some island labels out of business or force them to sell out to global beverage corporations.
CARIBBEAN BUSINESS online staff contributed to this report.

Xi's visit will help to draw Chinese tourists to the Caribbean - eTurboNews

via caribbean - Google News on 6/4/13

Shanghai Daily (subscription)

Xi's visit will help to draw Chinese tourists to the Caribbean
President Xi Jinping's state visits to Trinidad and Tobago, Costa Rica and Mexico will help countries in the Caribbean region draw Chinese tourists, yet those countries still need to make more of an effort to tap the Chinese market, tourism insiders said.
Caribbean welcome for China's President XiShanghai Daily (subscription)
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Xi Leaves for Costa Rica, Continues LatAm
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