Tweet
High-powered Chinese delegation anxious to promote two-way trade with Jamaica
By Keith Collister
Wednesday, August 12, 2009
Last Friday, a high-powered trade delegation from China, led by Vice President of the China Council for the Promotion of International Trade (CCPIT), Dong Songgen, was jointly hosted by Jamaica Trade & Invest (JTI) and the Jamaica Chamber of Commerce. The trip was a brief stopover following the Caribbean-China Business Dialogue, hosted in Barbados by the Caribbean Export Development Agency.
From Left to Right: Jamaica Chamber of Commerce (JCC) president, Milton Samuda, China Council for the Promotion of International Trade (CCPIT) vice president and delegation leader Dong Songgen, Jamaica Trade & Invest president, Robert Gregory, and CCPIT trade manager, Xin Zhang review a sampling of Jamaican products at last week's meeting. (Photo: Aston Spaulding)
CCPIT is in many ways very similar to its Jamaican counterpart, JTI. Its mandate includes the promotion of investment into China, and bilateral and multilateral cooperation generally, particularly through trade fairs such as the "Commodities and Investment Fair for Latin American and the Caribbean Countries", beginning on September 8 in Xiamen, China. Unlike JTI, however, it also provides mediation, arbitration and certification services for companies doing business with China, and also includes the China Chamber of International Commerce under the same roof.
The key goal of the trade mission was to identify opportunities to increase two-way trade between China and Jamaica, and to help Chinese companies find reliable partners in Jamaica.
Jamaica is China's biggest trade partner in the English speaking Caribbean. JTI quotes statistics from China Customs that China's imports from Jamaica (predominantly bauxite and aluminum) fell from US$359 million for the whole of 2006 to US$29.3 million in the first half of 2007. China's exports to Jamaica, however, rose from US$180 million in 2006, to US$102.3 million in the first half of 2007, which does not include a hefty turnover in Chinese services from project engineering and labour service cooperation.
The Chinese delegation was very interested in discovering areas for industrial cooperation with Jamaica, and identified the following as potential priorities: textile and light industry, infrastructure and construction, manufacturing, information and communications technology (ICT), tourism and home appliances.
The delegation was particularly interested in discovering what could be bought now from Jamaica. JTI president Robert Gregory emphasised the opportunity of Sea Island Cotton, informing his audience that Jamaica had just won a legal battle to have the trademark returned by the Japanese (who had registered it in much of South East Asia). He argued that there was a significant investment opportunity to mobilise Chinese investment towards increasing its production, noting that every ounce of our current production was already sold.
The delegation observed that Chinese textile companies had improved their technology and management skills, and were now producing the finest textiles in the world, providing a good basis for joint ventures in this area.
In response to a question as to how to position Jamaica as a leading free zone in the region, on par with Panama in its transhipment of Chinese goods, delegation leader Songgen suggested Jamaica needed to learn from Panama and study the differences in order to make Jamaica a more attractive place for Chinese companies to do business.
Finally, it was noted only 1,000 tourists from China visited Jamaica last year. With 48 million outbound Chinese tourists annually spending an average of US$6,000 per head, there is enormous opportunity for joint ventures in tourism. In the view of Chinese Embassy Economic and Commercial Counsellor Zhang Liyong, this would require both improved airlift between Jamaica and China, and better promotion among ordinary Chinese of Jamaica's geographical location next to the US, which receives about 20 per cent of all Chinese tourists
www.jamaicaobserver.com
By Keith Collister
Wednesday, August 12, 2009
Last Friday, a high-powered trade delegation from China, led by Vice President of the China Council for the Promotion of International Trade (CCPIT), Dong Songgen, was jointly hosted by Jamaica Trade & Invest (JTI) and the Jamaica Chamber of Commerce. The trip was a brief stopover following the Caribbean-China Business Dialogue, hosted in Barbados by the Caribbean Export Development Agency.
From Left to Right: Jamaica Chamber of Commerce (JCC) president, Milton Samuda, China Council for the Promotion of International Trade (CCPIT) vice president and delegation leader Dong Songgen, Jamaica Trade & Invest president, Robert Gregory, and CCPIT trade manager, Xin Zhang review a sampling of Jamaican products at last week's meeting. (Photo: Aston Spaulding)
CCPIT is in many ways very similar to its Jamaican counterpart, JTI. Its mandate includes the promotion of investment into China, and bilateral and multilateral cooperation generally, particularly through trade fairs such as the "Commodities and Investment Fair for Latin American and the Caribbean Countries", beginning on September 8 in Xiamen, China. Unlike JTI, however, it also provides mediation, arbitration and certification services for companies doing business with China, and also includes the China Chamber of International Commerce under the same roof.
The key goal of the trade mission was to identify opportunities to increase two-way trade between China and Jamaica, and to help Chinese companies find reliable partners in Jamaica.
Jamaica is China's biggest trade partner in the English speaking Caribbean. JTI quotes statistics from China Customs that China's imports from Jamaica (predominantly bauxite and aluminum) fell from US$359 million for the whole of 2006 to US$29.3 million in the first half of 2007. China's exports to Jamaica, however, rose from US$180 million in 2006, to US$102.3 million in the first half of 2007, which does not include a hefty turnover in Chinese services from project engineering and labour service cooperation.
The Chinese delegation was very interested in discovering areas for industrial cooperation with Jamaica, and identified the following as potential priorities: textile and light industry, infrastructure and construction, manufacturing, information and communications technology (ICT), tourism and home appliances.
The delegation was particularly interested in discovering what could be bought now from Jamaica. JTI president Robert Gregory emphasised the opportunity of Sea Island Cotton, informing his audience that Jamaica had just won a legal battle to have the trademark returned by the Japanese (who had registered it in much of South East Asia). He argued that there was a significant investment opportunity to mobilise Chinese investment towards increasing its production, noting that every ounce of our current production was already sold.
The delegation observed that Chinese textile companies had improved their technology and management skills, and were now producing the finest textiles in the world, providing a good basis for joint ventures in this area.
In response to a question as to how to position Jamaica as a leading free zone in the region, on par with Panama in its transhipment of Chinese goods, delegation leader Songgen suggested Jamaica needed to learn from Panama and study the differences in order to make Jamaica a more attractive place for Chinese companies to do business.
Finally, it was noted only 1,000 tourists from China visited Jamaica last year. With 48 million outbound Chinese tourists annually spending an average of US$6,000 per head, there is enormous opportunity for joint ventures in tourism. In the view of Chinese Embassy Economic and Commercial Counsellor Zhang Liyong, this would require both improved airlift between Jamaica and China, and better promotion among ordinary Chinese of Jamaica's geographical location next to the US, which receives about 20 per cent of all Chinese tourists
www.jamaicaobserver.com
That is what I'm saying. 
.This tread dat me start kina related to this topic 
BEEN TO ANY FLEE MARKET LATELY ??
Singapore. mercan go dere and spray dem car and was going to get flogging 
Comment