epic tiger shark diving expeditions
  • Home
  • Shark Diving
    • Tiger Beach Bahamas
    • Oceanic Whitetip
    • Great Hammerhead
    • M/V Thresher
  • FAQs
    • FAQs
    • Know Before You Go
  • Blog
    • Bahamas Shark Diving
    • Shark Species
    • Photography
    • Conservation
    • Community
    • Shark Diving Reports
  • About
  • Contact

Bahamas Shark Diving

Bahamas considering $2.1 Billion deal with China

Nov 06 2016
0 Comment
Epic
Bahamas, china, fishing

The government of The Bahamas has given the green light to its embassy in Beijing, China, to further pursue a possible agriculture and fisheries partnership with the Chinese

The deal reportedly with pump $2.1 billion into the Bahamian economy over a period of 10 years as an equal partnership between Bahamians and the People’s Republic of China. Here are some of the details of the proposal:

  • the incorporation of 100 Bahamian companies under the Companies Act of 1992, each of which would be owned 50-50 by both China and by Bahamians or Bahamian entities
  • China would contribute to the 100 companies $2.1 billion in cash for working capital, agricultural and farming equipment, as well as skilled expertise.
  • Bahamas government would lease to all 100 companies 10,000 acres of Crown land in Andros, with lease renewal options available.
  • each company could lease an additional 100 acres of land if certain benchmarks are achieved.
  • Bahamas government would also grant each of the companies fishing licenses within the current Bahamian laws.

While realization of a reasonable return on an investiment in agriculture is a relatively slow process, requiring substantial capitalization over many years, participating companies in the initiative will within months of commencement of operations realize positive cash flow from the sale of seafood.

The government has stated that no foreigner will be allowed to physically fish in Bahamian waters and therefore only Bahamians would be allow on the fishing vessels.

This sounds like a terrible idea and inevitable exploitation of the country’s national resources.  Please take a quick second and follow this link to the Petition site where you can help reach the goal of 10,000 signatures!

Care 2 Petitions

We the undersigned call upon Prime Minister Christie to cancel any and all negotiations on the proposed Chinese Fishing/Agriculture venture and to keep fishing 100% for Bahamians. Additionally we urge that crown lands be granted to Bahamians for farming and that the back log of applications for crown lands be assessed as a matter of priority.

bahamas china

Source: China in $2 bil. deal proposal

Social Share

  • google-share

Leave a Reply Cancel reply

*
*

Popular Posts

bahamas tiger beach shark diving

Day Trips to Tiger Beach Bahamas: Shark Diving Experience

90 Comments
tiger beach day trips

Tiger Beach Day Trips: Shark Diving in the Bahamas

39 Comments
shark senses ampullae of lorenzeni

Shark Senses - How Do Sharks Hunt Their Prey?

23 Comments

Recent Posts

  • Featured Filmmaker: OceanShutter
  • Shark Feeding Controversy
  • International Shark Attack File: 2021 Summary
  • Shark Feeding Ban Proposed for Florida Keys
  • Hammerhead Shark Evolution

Newsletter Sign-up

Slide Get started on your life-changing adventure today. Join Epic Diving for the best Bahamas Shark Diving. Visit the world-famous Tiger Beach Bahamas, dive with Great Hammerhead sharks, or drift in the blue with Oceanic Whitetips! Contact US TIGER BEACH Oceanic Whitetips Great Hammerheads epic tiger shark diving expeditions © EPIC DIVING 2023 Privacy Policy Terms of Use