China’s Vice Minister of Commerce Liao Xiaoqi indicated last week that the Chinese government is willing to extend support towards the Bahamas in its bid to become a member of the World trade Organisation.
According to the Nassau Guardian, Bahamian Minister of Trade and Industry Leslie Miller was told by the Chinese government official that China placed much importance on bi-lateral trade ties with the Bahamas and hopes further progress can be made in this area.
The Bahamas imported around $1.5 billion worth of consumer goods last year, though much of the Chinese imports arrived via the United States and it is known that the Bahamas wants more direct Chinese involvement in the economy. Figures quoted in the Guardian from official Chinese government sources show that bi-lateral trade increased 80% year on year in the first eight months of 2003.
The Bahamas’ WTO accession process is due to be initiated by a working party early next year and China is expected to be a member of the group, the Guardian reported the Trade and Industry Minister as saying.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment