Agreement Inked To Attract More Chinese Investment

No Image Found!
Provided

(PLTM) - The BVI is hoping to attract a stronger presence of Chinese investment with signing of an agreement between the Government of the Virgin Islands and the Administration Commission of the Tianjin Binhai New Area Central Business District (CBD).

Speaking at the recent signing of the Strategic Cooperation Agreement, Premier and Finance Minister, Hon. Dr. Orlando Smith said he is pleased to confirm that their joint aim is to strengthen Chinese enterprises investment in the BVI, and to promote economic and trade cooperation between China and the BVI.

Under the terms of the agreement, the BVI and the Tianjin Binhai New Area pledge to develop long-term cooperation with mutual understanding, respect of, and support for each other’s development strategies, systems of management and operation as long-term strategic partners.

Tianjin Binhai New Area is one of China’s special economic zones, set up in 2010 and located on the coast of the Bohai Sea, east of Tianjin’s main urban area, where experimental reforms are taking place.

Premier Smith stated that since arriving in China, there has been plenty of discussion about how the BVI might work with the belt and road strategy so that China's objectives are met and the BVI in turn might benefit from this strategy through it's renowned and well established structures.

He mentioned that, they are well aware that more than half of the BVI's financial services business originates from that region. "We have worked tirelessly to ensure that our offerings are transparent, legally sound and fit for purpose internationally. We could not be more proud of what we have accomplished. We therefore consider today’s signing as adding value through further diversifying those offerings," he said.

He added, "We share your development goals as set out in the MOU particularly as they relate to financial services as well as in the broader areas of technology, media, communications, infrastructure, real property, alternative energy and the like."

-----
Copyright 2023 by Virgin Islands Platinum News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Reader Opinion
Please note that the opinions posted are the opinions of its author and does not in any way reflect the views of the management, staff, parent company or sponsors of Virgin Islands Platinum News.
There are no comments to show at this time.
Cruise Schedule
IN PORT - TODAY ( 29 March )
We have no cruise ship in port on this day!
IN PORT - TOMORROW ( 30 March )
We have no cruise ship in port on this day!