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Minister of Finance,Josh Rosen College Jersey, Dr. Ashni Singh, and Chinese Ambassador to Guyana, Zhang Jungao, yesterday, signed an economic and technical cooperation agreement that will see Guyana benefiting from a grant worth approximately US$5.9M.The ceremony was conducted in the boardroom of the Ministry of Finance.“This will contribute in a very significant way to the development of Guyana,Cheap NHL Jerseys,” Minister Singh said before the signing of the agreement.Guyana and China have enjoyed very friendly relations for over 30 years,Josh Rosen UCLA Jersey, Ambassador Jungao stated,Troy Polamalu College Jersey, referring to several projects that have been or are in the process of being completed in Guyana, including the roll-on,Junior Seau College Jersey, roll-off ferry project, the co-generation facility at the new Skeldon sugar factory (which is expected to be completed by March 2010) and the Guyana Power and Light (GPL) transmission and distribution project,JuJu Smith-Schuster USC Jersey, that is being funded through the Export-Import Bank of China,Tim Duncan Wake Forest Jersey, and is likely to commence early in 2010.Dr. Singh pointed to other projects that saw the two countries working together including the construction of the Guyana International Conference Centre (GICC) at Liliendaal, micro-enterprise work in the area of bamboo craft, support for mushroom cultivation through the National Agricultural Research Institute (NARI), training, and the work of several Chinese companies in Guyana including the construction of the Skeldon sugar factory.“China has tried its best to provide some assistance to the friendly countries like Guyana…to give support,” the Chinese Ambassador highlighted.Minister Singh supported the Ambassador’s sentiments. “Our two countries have enjoyed, over the years,Villanova Wildcats Jerseys, a very strong, close, fraternal relationship.”The projects which will benefit from the grant have not yet been earmarked and negotiations will begin immediately, the Finance Minister said. Government will highlight the areas where it would like to see the funds flow and will discuss these with the Chinese and arrive on an agreement.However, Dr. Singh noted that the funds will likely flow to areas that have already benefited from Chinese assistance such as agriculture (through collaboration with NARI) and human resource training.Guyana and China initiated relations in November 1971 when the two countries signed an Agreement on the Mutual Establishment of Commercial Offices, with diplomatic relations established on June 27,Jerseys From China, 1972 when China established its embassy in Guyana.Guyana was the first among the English-speaking Caribbean countries to establish diplomatic relations with China. Since then, the two states have enjoyed smooth, long-term and friendly relations with a frequent exchange of high-level visits and close cooperation in the international arena.Over the years, Guyana has benefitted from assistance totalling some US$22.3M or $4.5B. (GINA)