Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Travel


Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

BVI signs agreements with Chinese officials
Published on January 13, 2014 Email To Friend    Print Version

chinese_delegation.jpg
Premier Orlando Smith (C) with Chinese and BVI officials

ROAD TOWN, BVI -- The British Virgin Islands government on Friday signed memoranda of understanding (MoUs) with the City of Shenzhen in China and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, to signal the beginning of a mutual relationship between the jurisdictions.

The MoU signed with the City of Shenzhen sets out the parties’ intentions to further increase friendship and bilateral cultural exchanges, to expand exchange and cooperation in areas of tourism, economy, culture, sports and other areas. While, the MoU signed with the Qianhai Authority sets out the parties’ intentions to promote exchange and cooperation in the financial industry.

BVI Premier Orlando Smith said, “This is a historic occasion, in that while we have had visits from Chinese delegations in the past, this is the first time that we are having such a significant delegation to forge a closer relationship.”

In referring to the establishment of BVI House Asia, Smith said that a major component of his government’s strategy is to expand and deepen the commercial footprint of the territory in one of the most important global markets.

Smith added, “In the Asia Pacific Region, the BVI has for many years been the jurisdiction of choice for economic development. BVI plays a major role in the global economy, and it is therefore paramount that we aggressively move to strengthen and expand into existing markets as well as explore and develop our physical presence in the Asia Pacific Rim.”

According to member of the Standing Committee of the CPC Guangdong Provincial Committee and party chief of the CPC Shenzhen Municipal Committee, Dr Wang Rong, “As one of the world-renowned offshore financial centres, the British Virgin Islands is not only an important source of foreign capital for China, but also a major platform for Chinese capital to go global.”

He added, “Last September, BVI House Asia was established in Hong Kong, a close neighbour of Shenzhen, creating even more favourable conditions for the cooperation between two sides. We warmly welcome BVI companies and institutions to strengthen overall and multi-layered cooperation with Shenzhen in various fields, and to share development opportunities with us for a better future.”

The delegation from Shenzhen has been in the territory since January 9, meeting with various stakeholders in the British Virgin Islands to discuss areas pertaining to cooperation in financial services, the BVI economy, tourism, cultural matters as well as education.

Shenzhen ranked second in Forbes’ 2012 list of innovative mainland cities and eighth in the world in terms of its economic vitality. With four pillar industries, namely, hi-tech, financial services, cultural industry and modern logistics, Shenzhen has established a sophisticated mechanism of manufacturing and service industries. Shenzhen is also regarded as leaders of transportation of passengers and cargo, ranking 49th and 24th respectively in the world.

Two MoUs, now officially signed, took effect on Friday.
 
Reads: 1515





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: