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CHINESE GRANT.

China will provide Jamaica with a grant worth US$2.7 million for the purchase of Chinese goods and the development of projects to be agreed on by the two governments, reports CANA (July 28, 1998). The agreement climaxed a "fruitful" two-day visit to Jamaica by Chinese Vice Premier Qian Qichen in which he (accompanied by a large official delegation) held talks with Prime Minister Percival Patterson, and other Government officials. Qian's visit to Kingston was the final leg of a Caribbean tour that has taken him to Guyana, Trinidad & Tobago, Barbados and Cuba as part of a drive to strengthen links with the region. Trade volume between China and Jamaica rose to US$20 million in the first four months of 1998, vs. $30 million in all of 1997. While the trade balance heavily favors China, Qian said that Jamaica exported US$6 million worth of goods to China last year and there was a market for Jamaican sugar and spices.
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Publication:Caribbean Update
Article Type:Article
Geographic Code:5JAMA
Date:Sep 1, 1998
Words:162
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