Business / Macro

China inks $2b cooperation accords with Haiti

(Xinhua) Updated: 2016-10-15 15:14

MEXICO CITY - China has signed $2 billion worth of cooperation agreements with Haiti, local media reported on Friday.

Planning and Foreign Cooperation Minister Aviol Fleurant said he had signed two memorandums of understanding (MOUs), as part of a trade cooperation agreement with China, the daily Haiti Libre said.

The first agreement entails "a project to build a national grid, including wind and solar parks, totalling $1.2 billion," and the second agreement calls for "strengthening agriculture in Haiti," through an investment of $800 million, according to the daily.

The China Automation Control System Corporation (CACS), a subsidiary of the state-owned China National Machinery Industry Corporation (Sinomach), is one of the firms involved in the projects.

Fleurant once traveled to China in May to meet with officials there on bilateral cooperation in infrastructure.

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