| News Home | News | Sports | Business News Jamaica should look to China for business opportunities 2012-07-11 17:09:34 | (0 Comments)
Debbie-Ann Wright, News Editor
The Gleaner/Power 106 News Centre
Transport and Works Minister, Dr. Omar Davies, is imploring members of the Jamaican private sector to look to China as a viable market for their goods.
Speaking today at a forum on doing business with China, Dr. Davies said while Jamaican businesses have always had a relationship with China, it has primarily been through the importation of Chinese goods.
He says while this has helped to bring more affordable goods to Jamaicans, it?s time for Jamaican businesses to broaden their horizon as it relates to doing business with the Chinese.
Investment and commerce minister, Anthony Hylton, who also spoke at the function, says the strategic approach to exporting to China should focus on high-value niche products.
He says these are products such as Blue Mountain coffee and Appleton rum.
In the meantime, Dr. Davies is urging Jamaican businesses not to see Chinese investment in Jamaica as a threat.
He says they should instead look for ways to exploit opportunities created by these investments.
The Chinese have been making considerable investments in Jamaica, with one of the most recent being an agreement for a Chinese company to complete the North South Link of Highway 2000 and the Mount Rosser bypass.
The same company, China Harbour Engineering Company Limited, is also the main contractor on the $400 million Jamaica Development Infrastructure Programme.
debbie-ann.wright@gleanerjm.com
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