JIS News

A Chinese delegation comprising 60 top business executives who toured the Port of Kingston yesterday (February 4), have expressed satisfaction and given the assurance that they would utilize the facilities in the near future.
Deputy Director-General of the China Council for the Promotion of International Trade, and China Chamber of International Commerce, Zhenge Zhao who spoke on behalf of the delegation, informed President of the Port Authority of Jamaica, Noel Hylton that the group was impressed with the facilities and would explore the possibility of doing more business with Jamaica.
Meanwhile Mr. Hylton announced that a Memorandum of Understanding was recently signed with the Chinese national shipping line, China Ocean Shipping Company (COSCO) for a feasibility study to be conducted to determine further development of a transshipment terminal, as well as a logistic centre. “We are anxious to develop a Logistic Centre for the region,” he said.
Mr. Hylton said the purpose of the tour was to demonstrate the capabilities of the Port of Kingston, and the fact that the port was among the largest in the world, with the capability of operating at world standards. He said the tour was also intended to begin exploring business opportunities. “So far I am very pleased with most of the discussions that have taken place and I believe they will materialize in the future,” Mr. Hylton said. Meanwhile, Mr. Zhao also pointed out that the Chinese had held very good discussions with Jamaican and Caribbean businesses and had already forged some meaningful partnerships during the China-Caribbean Economic and Trade Cooperation Forum and Trade Fair 2005, which ends today (February 5).
“China and Jamaica businesses enjoy a bright future,” he said, adding that this was the first visit to Jamaica for many of the executives on the tour, but that it would certainly not be the last.
Mr. Zhao also used the opportunity to extend an invitation to Mr. Hylton to visit the Ports in China and to establish a relationship. The delegation represented industries such as telecommunication, real estate, construction, appliances, electronics and manufacturers.

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