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Guyana, China sign $7.2M trade agreement

Guyana, China sign $7.2M trade agreement

China has signed a $7.2 million agreement to help boost trade with the South American country of Guyana and buy much needed equipment for its firefighting department.
Chinese Vice Commerce Minister Zhong Shan says $2.4 million will go toward new fire equipment, some of which will be used at the international airport.
Guyana Finance Minister Ashni Singh noted during Friday's signing that Guyana was the first of 15 Caribbean trade bloc nations to recognize China.
China already is building a new airport terminal in Guyana and extending the main runway as part of a $138 million contract.
It also built a $200 million sugar factory that has been repeatedly shut down because of multiple mechanical defects.


Updated : 2021-03-03 20:41 GMT+08:00