Sep 06, 2011 News
Anticipation is high among local entrepreneurs preparing to attend the third Caribbean-China Economic and Trade Forum this September at the high-end Hyatt Regency Hotel in downtown Port of Spain, Trinidad and Tobago.
The theme of the Forum is “DEVELOPMENT COOPERATION, WIN FOR ALL.”
The local Private Sector Business Community is being mobilized by the Guyana-China Business Council which was itself resuscitated earlier this year in response to the need for increased collaboration between the Private Sector and the China Council for the Promotion of International Trade (CCPIT).
The Forum is being co-hosted by the Governments of the Republic of Trinidad and Tobago and the People’s Republic of China. The aim is to deepen mutually beneficial cooperation between the Caribbean and China. The Forum will include a Ministerial Conference, A Business Conference and Specialized Seminars. Regional Ministers with responsibility for Trade from Barbados, the Bahamas, Cuba, Dominica, Jamaica, Grenada, Guyana and Suriname have all been invited to attend and the Chinese contingent will include Business Leaders and Members of Government.
The Forum has been structured to provide opportunities for businesses via meetings with Public and Private Sector Organizations from China which have expressed an interest in financing projects in the Region, and in Joint Venture with local Private Sector.
Bilateral/Face to Face Business Meetings with Chinese delegates will also be encouraged during the forum.
More than 30 entrepreneurs operating in Guyana have indicated interest in participating in the Economic forum. Among them are Sithe Global (Amaila Falls Hydro project), Ming’s Products & Services, Auto Supplies Co., China Trading Co., Golden Bridge Inc., Wings Aviation and Air Guyana Tours, Stabroek Foods, The Shoe Source, BACIF, NT Computeac, Wireless Connection and S.P.R. Enterprises.
The list of participants from Caribbean countries is not yet available, but the Sponsors anticipate participation by Antigua and Barbuda, Bahamas, Jamaica, Barbados, Dominica, Cuba, Grenada, Suriname and host country Trinidad and Tobago. All of these nations have diplomatic and strong business ties with China.
Guyana was actually the first Commonwealth Caribbean country to establish diplomatic relations with this world economic giant.
Approximately 160 Chinese entrepreneurs will be drawn from financing and Investment Industry, light industry, construction industry, electronic and Hi-Tech Industry, manufacturing and Mining and Energy Industry including Clean Energy.
The Chinese Delegation which will be led by Government Officials including China Council for the Promotion of International Trade (CCPIT) Vice Chairman Mr. Yu Ping, China’s Vice Minister of Commerce Mr. Wang Chao. Some of the more notable players include Haier Electrical Appliances Corporation, China Harbour Engineering Company, Complant International Engineering Corporation, Huawei Technologies, ZTE Corporation, Alcatel-Lucent Shanghai Bell Company Ltd.
Mr. Clinton Williams, Vice Chairman of the Guyana-China Business Council and coordinator of the Guyana contingent to Trinidad, said that he has requested that the Forum be expanded to accommodate a formal meeting of the Guyana/China Business Council during which specific issues and matters pertinent to Guyanese Private Sector will be discussed.
Williams, who also serves as President of the GMSA and Sub-Sector Chairman for Trade and Investment within the Private Sector Commission (PSC), noted at a GMSA business luncheon earlier this year at which Chinese Ambassador, Yu Wenzhe, was the feature speaker, that historically, most of the investment initiatives undertaken by China in Guyana, except for Bauxite and Timber, were based on Government to Government Bilateral Loans or Grant Projects.
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