Authored by: | Bahamas Information Services |
Source: | Bahamas Information Services |
Date: | November 17, 2022 |
“This year, we conducted a special event, focusing on resolving the logistics issues between our countries for smaller orders of Bahamian business leaders,” said Ambassador Dai Qingli.
“There are lots of opportunities there. But we started to be less sure of how we should go about making the most of these opportunities. Different ideas have been raised, particularly regarding Grand Bahama. One of the ideas was making Freeport a distribution center, a center for warehousing or a manufacturing center for The Bahamas, covering the entire Caribbean region and even the southern part of the United States. We hear all kinds of interesting ideas.
“There is a compelling logic for increasing trade between our countries. We all know of the inflation pressures and the cost of living crisis, not just in The Bahamas, but in many developing countries. There is the debt crisis. China provides a lot of goods, especially everyday materials and different light industrial goods for the rest of the world. So, if you buy directly from China, you will save a lot.”
Ambassador Dai Qingli noted that according to the latest figures, trading with China only accounts for seven percent of the Bahamas’ total trade. That, in light of the fact that China is the third leading trading partner for The Bahamas.
She suggested that The Bahamas tap into its productive capacity by becoming more self-sufficient in many fronts, with the most obvious area to be agriculture. To show its support, Her Excellency said China is working with the UNDP on initiatives to expand backyard farming. She further suggested that climate change and new energies are areas in which China and The Bahamas should work more closely together. (BIS Photo/Andrew Miller)
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