$15.7m China deal
Ambassador of the People’s Republuic of China to Barbados Wei Quiang (l) talking to the media with Minister Chris Sinckler. (Nigel Browne)
Wed, September 07, 2011 - 12:09 AM
Barbados is entering agreements worth $15.7 million with the People’s Republic of China for economic and technical projects in several areas of cooperation between the two countries.
Minister of Finance and Economic Affairs Chris Sinckler and Ambassador for the People’s Republic of China in Barbados Wei Quiang signed the banking agreements and accounting procedures for the financing at Government Headquarters yesterday.
Sinckler confirmed the money would support four agreements, three of which were discussed by Prime Minister Freundel Stuart with his Chinese counterpart Premier Wen Jiabao while on an official visit to the People’s Republic of China earlier this year.
These included a letter of exchange to facilitate the installation of a new modern scoreboard at the Garfield Sobers Complex, and a memorandum of understanding between the Ministry of Education and Human Resource Development and the Ministry of Education of the People’s Republic of China to send a Chinese language teacher to Barbados. (GC)
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Which part of Barbados is going to be given to the Chinese for this “agreement”????
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