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Bahamas And China Sign Investment Protection Agreement

by Phillip Morton, Investors Offshore.com

10 September 2009


Following the conclusion of the visit to the Bahamas by Wu Bangguo, Chairman of the Standing Committee of the National People’s Congress of China, Bahamian Deputy Prime Minister and Minister of Foreign Affairs, Brent Symonette welcomed progress made over the course of the official trip.

Symonette, who headed the Government’s delegation, explained that:

"We signed several agreements with regard to roadwork, investments and technical cooperation.”

He continued: "We have deepened our relationship. The Chairman told us that he had a very enjoyable and rewarding trip and has gained an extensive knowledge about the Bahamas. He looks forward welcoming us to China when we go to Expo 2010.”

Going on to give further details on the agreements signed during the NPC Standing Committee Chairman's official visit, Mr Symonette revealed that:

”[During the course of the trip] we signed an investment promotion and protection agreement to address the conditions for creating, stimulating, encouraging, promoting, improving and protecting investments by Bahamian and Chinese investors in each other’s countries.”

Bangguo returned to China on September 6.


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