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Gov't signs $423 Million Economic Agreement with China

Thursday, August 23, 2012 | 6:31 PM    

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Jamaica and China signed an economic technical grant agreement valued at $423 million today.

The agreement will provide grant funding for projects that will be agreed between both governments.

The signing followed a bilateral meeting at Jamaica House between Prime Minister Portia Simpson Miller and the visiting Chinese Vice Minister of Commerce, Li Jinzao.

Noting China’s growing investments in Jamaica, Simpson Miller thanked Li for his government’s commitment to social responsibility and job creation, adding that she was looking forward to the diversifying of Chinese interests in Jamaica.

Li said the operators of Chinese business interests in Jamaica had given him positive feedback on local industrial environment. Commenting on the Montego Bay Convention Centre, which was constructed by a Chinese company, he said it was a modern facility that ranked with buildings in China.

The bilateral meeting also saw the official handing over of documents for new mobile X-ray container scanning equipment for use by the Port Authority of Jamaica. The equipment, valued at $296 million, is a gift from China which includes one year free.

The high level delegation from the People’s Republic of China was on a three-day visit to the island , April 21-23.

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