During the visit of several Chinese diplomats, including His Excellency Hui Liangyu, Vice Premier of the State Council of the People's Republic of China, a number of agreements were signed.
The most prominent venture is a $150 million agreement which includes the Airport Highway project as "a high priority".
A second agreement commits $10 million under the title Economic and Technical Cooperation, and will be used toward projects that will be "decided through consultations between the two governments".
Another agreement will allow diplomats of either country to travel to the other nation without the need for a visa, as long as they are staying for less than 30 days.
The final agreement concerns agricultural co-operation, including: farming tropical fruits and vegetables, the production of peas, beans, corn and flowers as well as crab processing and poultry and fish farming.
During the second China-Caribbean Trade Economic Forum in 2007, the Chinese government committed to make more than $5 billion available to the region in the form of low-rate, 30-year loans.
Full Story in The Nassau Guardian here
Full Story in The Tribune here (Page A01)
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