También cabe destacar que las exportaciones de los países del CARICOM a China representan una pequeña parte del total de sus exportaciones. Por lo tanto, como un mercado para sus productos, China no es significativo para los países de CARICOM, las exportaciones de la región a los EE.UU., la Unión Europea y Canadá son mucho más beneficioso.
(El autor es Consultor Senior Research Fellow en la Universidad de Londres y un ex diplomático del Caribe)
China’s pledge last June to provide US$3 billion to the entire Caribbean was equivalent to its last year’s trade surplus alone, and China will earn that sum annually if the current trade pattern continues. Additionally, since the pledged sum of US$3 billion represents loans (albeit on concessional terms) that have to be repaid, China will also get that money back plus interest – altogether very good business for China.
China’s lending to “Latin American” countries on the one hand and to “Caribbean” countries on the other, tells its own story. Over the seven-year period 2005 to 2012, China made concessionary loans of over US$87 billion to Latin American and Caribbean countries. But, Latin American countries received the lion’s share of the money – US$83.4 billion of which Venezuela, US$44.5 billion; Brazil, US$12.1billion; and Argentina, US$11.8 billion were the principal beneficiaries. The Caribbean shared only US$4 billion of which The Bahamas received more than half at US$2.8 billion while Jamaica got US$662 million and Guyana US$130 million (source: Inter-American Dialogue). The sums for other Caribbean countries were smaller.