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Us Planning More Investment In Caribbean

By Khrisna Russell

Deputy Chief Reporter

krussell@tribunemedia.net

DISCUSSIONS are scheduled to take place this week in the country aimed at possibly sparking increased United States Bahamian investment, according to Deputy Assistant Secretary of State for the Bureau of Western Hemisphere Affairs, Cynthia Kierscht. She said collaboration and cooperation on this matter is clear and will continue.

The comments came during her readout of the 8th Caribbean-US Security Cooperation Dialogue during a telephone briefing on Friday. “As you are indeed aware, there has been an expanded engagement under this administration with the Caribbean in general and specifically with The Bahamas, with President Trump hosting the leaders of The Bahamas, Dominican Republic, Haiti, Jamaica and St Lucia at Mar-a-Lago in March and then in April, we invited all of the Caribbean countries to SouthCom where our deputy secretary of state launched the new US-Caribbean Resilience Partnership in Miami with 18 Caribbean governments,” Ms Kierscht said when asked by The Tribune whether the US was planning more outreach and investment in the Caribbean, particularly The Bahamas, to counter China’s investments.

“As I understand, there will be an upcoming visit by OPIC (Overseas Private Investment Corporation) to The Bahamas next week even, to discuss potential forms of increased investment and that will hopefully bring new avenues as well.”

“The United States is right now the Caribbean’s primary trading partner, and we understand the mutual benefit of a prosperous Caribbean Basin.

“To that end, we held a Caribbean prosperity roundtable with Caribbean policymakers and members of the US private sector in 2017 to spur investment and address obstacles and opportunities for economic cooperation. We will also be holding a trade fair for the Caribbean next month in Miami. We will continue to engage Caribbean partners to promote sustainable economic policies, private sector led growth and job creation.

“We are also supporting young entrepreneurs through US government exchange programmes including the Young Leaders of the Americas initiative. In 2018, 60 nationals from across the Caribbean participated in the Young Leaders of the Americas initiative engaging with US private and public sector partners and ventures ranging from digital commerce to food and beverage. So, yes, I would say our cooperation and collaboration on these issues is clear and will continue.”

In March, US Embassy Chargé d’Affaires Stephanie Bowers said in a statement that leaders should choose “high-quality, transparent, and inclusive foreign investment” and ensure they are getting the best deal for their respective citizens in the long-term.

Her comments came in response to a scathing statement from her counterpart, Chinese Chargé d’Affaires Haigang Yin who accused the US government of trying to “disintegrate solidarity and cooperation between China and other developing countries.” He also slammed the US’ “predatory” label placed on China’s activities in the Caribbean, dismissing it as completely baseless, unreasonable and contradictory to the facts.

The verbal joust also came ahead of Prime Minister Dr Hubert Minnis’ and other regional leaders’ meeting with US President Donald Trump at his Mar-A-Lago estate in Florida.

Ms Bowers said at the time: “Economic engagement should meet international best practises in terms of transparency, debt sustainability and the needs and concerns of local communities.

“We encourage all leaders to choose high-quality, transparent, and inclusive foreign investment, and we want to ensure development financing does not result in unsustainable debt. When evaluating types of partnerships and investment relationships, leaders must ensure they are getting the best deal for their country and their people over the long-term.” 

Comments

DDK 1 year, 5 months ago

Hopefully this "benevolent investment" will not be in exchange for more hegemonic military bases.

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Well_mudda_take_sic 1 year, 5 months ago

For decades now both the PLP and FNM have been brainwashing Bahamians with anti-American hogwash galore. Hopefully Bahamians realise their bread will never be buttered by the Red Chinese, thousands of whom are popping up everywhere in our country today. Sure America has its bad, but we must never forget that Yellow Supremists are one hundred times worse than White Supremists. That's the sad reality of the situation which Ingraham and Christie have brought to our shores, as if the Haitian invasion was not bad enough.

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killemwitdakno 1 year, 5 months ago

A whole list of things to go over to request from the US Primarily Green energy plants or household solar panels and storm roofs. This would solve much of the burden. - -REMEMBER that any LNG deal agreed to from their providers will actually eventually extend throughout the region! -Trump’s friend Rufus escaped taxes -NSA (already got an apology) -better gun export control or registry to prevent the entry of guns -guantanamo to PR Coast guard patrol -cooperation with a 1% tax on corporations -FATCA reimbursement and future protection against the way -Approval for an Obama/ Tillerson/ Exxon conviction over their initial sanctions or climate change even at a tribunal on to make a protectionist statement against corporate retaliations -Group insurance buy in -North Haiti investment with either a port or sessile or gold or let them accept Chinese loans -Affording refining any potential local oil for local use to retain resources -Shares in our other resources that Americans currently own -Perhaps a loan to buy the Port Authority -IMF debt and austerity -No sand war -No penalty for tech firms -The ethical things you would have used WTO for -Allow generic medicine -Nurses, teacher, brain drain returnees -Used cars (can be from Texas flood) and eco cars -Our history, especially Indian -perhaps future NAFTA inclusion for phone calls and mailing. -Whatever we might lose from a regional and China severe. Indirect damages, business loss compensation. -Allow recession proofing with China. -To be realized as important as Isreal -Mass migration welcome in the event of future flood rising or destruction -Sovereignty, we'll never be American. Please don’t ask for wasteful dumb things. If they want a travel ban, go right ahead. Just supply us the stuff we would have purchased from tourist revenue instead. You just traded access to owning the largest reserves in the world should Venezuela become a failed state (Blackrock corp is already gaining), a win over multiple adversaries (Iran included) and more so don’t be shy. We watched and won ’17 for this overflow moment. Don’t take crap pay like Haiti during the depression. Here's the level up.**

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joeblow 1 year, 5 months ago

China has a pretty good head start, but if Minnis plays his cards right, we could win big by playing one side against the other (US vs China)!

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killemwitdakno 1 year, 5 months ago

No need. The companies both still still have to import and export from each other regardless of the politics.

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