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TIEA ties-China

The Bahamas signed its sixth Tax Information Exchange Agreement(TIEA)with the People’s Republic of China on December 1, 2009. Certainly not a stranger to The Bahamas, China is considered a market-oriented economy that has a fast-growing private sector and has a major footprint in the global economy.

People’s Republic of China

Population: 1,330,141,295(July 2010 est.)

country comparison to the world: 1Area:

total: 9,596,961 sq km

country comparison to the world: 4

land: 9,569,901 sq km

water: 27,060 sq km

GDP(purchasing power parity):

$8.818 trillion(2009 est.)

country comparison to the world: 3

GDP per capita:

$6,700(2009 est.)

country comparison to the world: 130

Exports:

$1.204 trillion(2009 est.)

country comparison to the world: 2

Imports:

$954.3 billion(2009 est.)

country comparison to the world: 4

Industries:

mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites

Commonwealth of The Bahamas

Population

310,426(July 2010 est.)

country comparison to the world: 177

Area

total: 13,880 sq km

country comparison to the world: 160

land: 10,010 sq km

water: 3,870 sq km

GDP(Purchasing Power Parity)

$8.791 billion(2009 est.)

country comparison to the world: 151

note: data are in 2009 US dollars

GDP-per capita(PPP):

$28,600(2009 est.)

country comparison to the world: 47

Exports

$674 million(2006)

country comparison to the world: 163

Imports

$2.401 billion(2006)

country comparison to the world: 147

Industries

tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe

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