Monday, December 31, 2007

Guyana, China ink US$1.35M economic and technical agreement

Guyana, China ink US$1.35M economic and technical agreement
Guyana Chronicle, 22 December 2007


Minister of Foreign Trade and Interntional Co-operation, Henry Jeffery
(left) and Chinese Ambassador to Guyana, Zhang Jungao at yesterday’s
historic signing.
A US$1.35M economic and technical agreement was yesterday inked in the
boardroom of the Ministry of Foreign Trade and International
Co-operation, between Guyana and the People’s Republic of China.


The document which was signed by Chinese Ambassador to Guyana –H.E.
Zhang Jungao and Foreign Trade Minister –Dr. Henry Jeffrey.

Under the agreement, China has pledged monetary support with the
provision of a grant to the tune of ¥10M, (US$1.35M) to the Government
of Guyana for the implementation of bilateral cooperation projects
agreed to by the two Governments.

Ambassador Jungao stated that aside from yesterday’s grant, his
government is prepared to invest an additional $882M GYD, in the coming
year, adding that China will work closely with the government in order
to ensure that the grants are mutually invested to the full benefit of
the Guyanese populace.

He said, too, to date, Guyana has received the most technical
assistance from China when compared to its Caribbean counterparts.

Foreign Trade and International Cooperation Minister, Henry Jeffery,
thanked the Ambassador on behalf of the Guyanese population, for their
longstanding commitment to the further economic development of Guyana.

He said that 2007 has been a very active year for Guyana and the
country looks forward to the continued support from China as well as
other nations.

Guyana currently benefits from the dispatch of Chinese experts in
various sectors of the economy, including health, agriculture, sports
and mining sectors, training and bilateral cooperation projects
implemented under the programme of economic and technical cooperation
between the two countries.

In a brief highlight of the assistances received from the Chinese
government, Jeffrey underlined the Guyana National Conference Centre
and the Ferry Vessels Project as two significant achievements that
accentuate the strength of the existing bilateral ties between the two
nations. (Alex Holder)


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