Phillips heads delegation to China

Published: Saturday | December 14, 2013 Comments 0

FINANCE AND Planning Minister Dr Peter Phillips yesterday led a strong delegation to China to participate in a series of high-level meetings with Chinese ministers and other officials, including the governor of the Chinese central bank.

The delegation will also meet with officials from some of China's major private financial institutions and firms involved in overseas investments.

The objective of the visit is to further deepen the trade, financial and investment relationship between Jamaica and China, and to discuss ways in which China may assist in Jamaica's efforts to address its debt-service challenges.

While in China, Phillips will hold meetings with his counterpart, China's Finance Minister Lou Jiwei, on a range of portfolio related matters.

Additionally, Phillips and his delegation have accepted invitations to meet with a number of Chinese companies with international outreach, including those already operating in Jamaica.

The delegation will meet with representatives of China Zhenjiang International Economic and Technical Co-operation Co Ltd, one of the top 500 enterprises in China, which undertakes the Chinese government's economic-assistance projects to foreign countries and various technical-cooperation programmes.

Phillips is accompanied by the Bank of Jamaica Governor Brian Wynter, Planning Institute of Jamaica Director General Colin Bullock, Financial Secretary Devon Rowe, Port Authority of Jamaica President Professor Gordon Shirley, and Milverton Reynolds, managing director of the Development Bank of Jamaica.

The team will return to Jamaica on Sunday, December 22.

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