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PM starts Canada trade mission

Prime Minister Hubert Ingraham began his trade mission to Canada yesterday telling businesses leaders in Calgary, Alberta that The Bahamas is keen to solicit investment in the recycling and waste to energy sectors.

“It is our fervent hope that Canadian business will help to deepen the ties between our countries and participate even more in the Bahamian economy,”said Ingraham yesterday at the business contacts luncheon at the Calgary Petroleum Club.

During his visit to Canada, Ingraham was scheduled to participate in the Inter-American Development Bank(IDB)annual meeting, which ended yesterday, before starting a trade mission to the country.

He is accompanied by Attorney General John Delaney, Minister of Tourism Vincent Vanderpool-Wallace and Minister of State for Finance Zhivargo Laing. Members of the Bahamas Financial Services Board, the Bahamas Maritime Authority, other government officers, privates sector partners, and Progressive Liberal Party MP for Elizabeth Ryan Pinder are also a part of the Bahamian delegation.

Along with seeking investment in the recycling and waste to energy sectors, Ingraham told the business leaders that other opportunities exist in The Bahamas such as greenhouse winter vegetable production for sale in Canadian markets, with the reverse production occurring during the summer months.

Ingraham also touted the opportunities for investment in the Bahamian tourism, second-home and financial services sectors.

Noting that The Bahamas is emerging from a two-year economic slump, Ingraham said the large scale infrastructure investments currently underway in the country make The Bahamas an attractive place to invest in.

The convergence of Bahamian policy, legislative and infrastructural advances, he said, provide”a cluster”of business opportunities for Canadian business.

The infrastructure investments underway in The Bahamas include: the redevelopment of the Lynden Pindling International Airport; roadworks; and upgrades to the national water supply system.

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