chinese in the caribbean

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East To Meet West At Invest Caribbean Now 2013

Li Ruogu of the Export-Import Bank of China finances a resort in the Bahamas ((AP Photo/Tim Aylen)

CaribPR Wire, NEW YORK, NY, Fri. March 22, 2013: Chinese businesses looking at investment opportunities in the Caribbean are coming to the Avalon Partners Invest Caribbean Now power forum in New York City this June, set for the Radisson Martinique Hotel.

Digital media solutions company, Hard Beat Communications, which presents the annual forum in association with the Caribbean Tourism Organization, is this year also teaming up with the Chinese American Business Development Center to put the spotlight on Chinese foreign direct investment in the region. According to China’s Ministry of Commerce, investments in the Caribbean by China totaled nearly $7 billion in 2009, a more than 300 percent increase from the 2004 foreign direct investment of $1.7 billion.

In commenting on the partnership, Peter Zhang, President of the Chinese American Business Development Center, said: “We are very happy to be a partner of Invest Caribbean Now 2013, and although it’s the first year of our collaboration, we look forward to many years together and to providing a great platform for Chinese investors to understand and learn more about investment opportunities in the Caribbean.”

“In recent years, the Chinese have quickly expanded their business activities in the Caribbean region,” he added. “As those countries continue to develop, China will undoubtedly play a significant role in their business progress and advancement. We are confident this event would be a great opportunity for China and Caribbean governments and enterprises as well as U.S. investors, to communicate and achieve a win-win solution.”

Felicia Persaud, founder of Invest Caribbean Now, welcomed the partnership, noting that with growing Chinese investments in the region, and with millions of Chinese traveling abroad annually, the Chinese American Business Development Center’s involvement in ICN 2013 will only help to boost more interest and investment in the economically viable Caribbean region.

The Chinese American Business Development Center will bring together businesses from China interested in doing business in the Caribbean to be a part of the forum. Additionally, China’s Economic Counsel is expected to address delegates, who will include Premier Dr. Rufus Ewing of the Turks & Caicos Islands, as well as over a dozen ministers of government from the Caribbean, on why this region is such an attractive investment destination.

Invest Caribbean Now 2013, which will be more expansive and longer this year, with a broader focus from panels on the Caribbean and investment opportunities there, will be held on June 5^th from 7:30 a.m. to 12:30 p.m. in New York City. A private VIP reception will be held on June 4^th at The Yale Club.

More information on the event is available on ICN’s brand new website, which was launched this week at InvestCaribbeanNow.com .

Media partners for ICN 2013 are: One Caribbean Television, The PR Newswire, CaribPR Wire, News Americas Now, Caribbean Lifestyle Communications of Trinidad, WINN FM of St. Kitts, South Florida Caribbean, Caribseek, Antigua Tribune, Bahamas Spectator, Barbados Gazette, British Caribbean News, Caribbean ET Roundup, Caribbean Financials, Cuba Chronicle,Dominica Gazette,Dominican Republic Post, Dutch Caribbean News, French Caribbean News, Grenada Chronicle, Guyana Inquirer, Haiti Gazette, Jamaica Inquirer, Puerto Rico Tribune, St. Kitts Gazette, St. Lucia Chronicle, St. Vincent Tribune, Trinidad Tribune, The Bajan Reporter and The Bahamas Weekly.