China Expands Trade Links with Caribbean

03/02/2005

The China-Caribbean Economic and Trade Co-operation Forum is expected to boost trade ties between the two countries.
Chinese Vice-President Zeng Qinghong will attend the opening ceremony today, in Kingston, the capital of Jamaica.

The Ministry of Commerce says a Guiding Framework for Economic and Trade Co-operation between the two countries will be signed.

In 2004, the trade volume between China and Caribbean countries stood at 2 billion US dollars, a 42.5 per cent year-on-year rise, but only accounted for 4 per cent of total Caribbean regional trade.

Caribbean nations are abundant in mineral, fishery and tourism resources, whereas China has comparative advantages in capital, products and technology.