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China & Bahamian $10B fishing partnership

GSSGSS Posts: 119 Officer
Can anyone shed some light on this? also posted in SE general


  • First of all its a $2 billion deal not $10 Billion,

    However, say goodbye to Bahamas fishing! Nothing about a partnership with the Chinese can be good. But when you realize the Bahamas have been for sale by the current government for a while, its not surprising. Look what the sale of the environment has done to Bimini!
  • GSSGSS Posts: 119 Officer
    $10B was a typo, and I agree this can't be good for anyone that enjoys fishing there.
  • BillatstarbriteBillatstarbrite Posts: 528 Officer
    China has a huge investment in the Bahamas. You might be surprised (horrified) to discover how many resorts in the Bahamas are owned by the Chinese. This has been going on for many years.
  • biminibradbiminibrad Posts: 373 Deckhand
    I have been sounding this alarm. It is simple, the existing goverment is broke, they can not afford the infrastructure repairs after this storm nor borrow the money. If our govt wasnt so screwed up we would make them a deal, make them a territory or something. The solution is a new govt. The port in freeport is already owned by china and now the biggest resort, Baha Mar. It is not unrealistic to see in the future chinese carriers 56 miles off our port. I do not think any of our previous presidents would have allowed this to happen..... If this is allowed to happen every conch, lobster and fish will be gone!
  • SlipkidSlipkid Posts: 241 Officer
    Unbelievable. Well... Not really.
    2003 Viking 45C
  • Actually this is not much different than the land grant which resulted in Resorts World Bimini. The Bahamian government is about as corrupt as any in the free world and we know the current PM will do anything for money. Unfortunately its usually for him, not the Bahamians.

    There is significant push back by other government official, but we know Christie doesn't listen to them. If you read the details, it only allows investment but all fishermen, etc must be Bahamian. Yep just like the Resorts World work force!

    (being carful what I say so one Moderator doesn't delete this thread)
  • Capt KurtCapt Kurt Posts: 410 Deckhand
    I wonder if our relationship continues to deteriorate with China (south china sea development), and the continued investment in the Bahamas by China, perhaps the Bahamas could become the next Cuba - somewhat off limits to us?
    visit Pure Pilates in Fort Lauderdale -
  • Gary MGary M Posts: 13,246 AG
    Ugggghhhhhh..... been going/fishing in the Bahamas for nearly 30 years......

    So glad that we bought a nice place in the Keys....
  • Chinese longliners 28 miles off our coast! Won't that be fun!
    Actually we still do not have an EEZ agreement with the Bahamas, maybe we should just claim our 200 miles and regulate Bahamas fishing.

    Remember the Bahamian Purse seine operation?
  • nuevowavonuevowavo Posts: 6,946 Moderator
    "The government has said no foreigner will be allowed to physically fish in Bahamian waters by himself or
    in partnership with others, and therefore only Bahamians would be allowed on the fishing vessels."

    Do we believe this?

    Also, the portion of this deal regarding agriculture could be beneficial for Bahamians. There was a thriving pineapple farming industry on Eleuthera back in the early 20th century, with as many as 50 ships at a time loading at Governour's Harbour for export. The U.S. destroyed the industry by subsidizing Cuban and Hawaiian pineapple growers. Eleutheran pineapples are still grown on mom-and-pop farms, and they are the sweetest and most tender you have ever eaten! There were also dairy and poultry farms, and you can see the abandoned silos in the Hatchet Bay area.
    Federales, bring my baby back to me!
  • nuevowavonuevowavo Posts: 6,946 Moderator
    FWC weighs in. From the Palm Beach Post:


    Florida wildlife officials expressed concern Wednesday that the government of the Bahamas is in talks with China to split fishing rights in waters east of Florida.

    State Fish and Wildlife Conservation Commission Executive Director Nick Wiley said the potential deal, as reported, could impact Florida’s commercial and sport-fishing industries.

    “China, their interests in this, would get exclusive access to fisheries in Bahamian waters,” Wiley said. “A lot of people may not realize this, but the boundary between the United States waters and Bahamian waters is still in dispute. It’s still not been clarified, so that further makes this an issue.”

    The government of the Bahamas hasn’t released details of the negotiations.

    The Nassau Guardian newspaper has reported that the government of the Bahamas has given the green light to its embassy in Beijing to pursue agricultural and fishing partnerships with China. The proposal reportedly could bring $2.1 billion in cash, along with agricultural and farming equipment, into the Bahamian economy, over 10 years.

    The proposal by the Bahamian government, according to the Guardian, states: “While realization of a reasonable return on an investment in agriculture is a relatively slow process, requiring substantial capitalization over many years, participating companies in the initiative will within months of commencement of operations realize positive cash flow from the sale of seafood.”

    Under the reported terms of the deal, the government would lease to 100 companies — each jointly owned by Chinese and Bahamians shareholders — 10,000 acres in Andros Island, along with fishing licenses.

    “It is anticipated that the agricultural products and the seafood will be used either for local consumption or will be exported to China or the U.S.A. for sale,” the proposal says. “The management of participating companies will resolve to do what is in their best interest.”

    Commercial fishing for conch, lobster, snapper and grouper are mainstays of the Andros Island’s economy. However, the indication is that the Chinese firms want to target dolphin, kingfish, marlin, tuna and wahoo.

    Wiley said the Fish and Wildlife Conservation Commission has reached out to the government of the Bahamas for additional details.

    “It’s something we really need to figure out what is going on. We really don’t understand it yet,” said Commissioner Robert Spottswood, the president of a Key West real-estate development company. “But the potential impact for us in the Keys, in Florida and for the U.S., of the Chinese government getting involved in fishing in the Bahamas could certainly affect the balance of what is going on in fisheries in South Florida.”
    Federales, bring my baby back to me!
  • I see on the other thread that Biminibrad has said this deal is DOA. My opinion is that the prime ministers statement has a lot of wiggle room and I doubt the deal is anywhere near dead.

    That being my opinion I can tell you that while I was at ICCAT meetings last week in Portugal, I had many discussions with State Department and Fishery people there and the concern is real.

    My post in confron is pre mature since there is a hurdle to jump over for pelagic fisheries in the ICCAT management realm to make it to market from the Bahamas. But, over a two or three year plan they could join and use quota as a developing coastal country. This could lead to PLL gear being fished as close as 25 miles off Miami if they chose to do so. In fact, as long as they were meant for domestic consumption, it could happen tomorrow!. Bahamas could also easily fish for YFT with PLL of purse seines with little planning, again for domestic consumption. Not out of the question when you look at the market just with the cruise ship industry.

    Hopefully the Trump factor will prevail and change will come in our foreign negotiations.
  • biminibradbiminibrad Posts: 373 Deckhand
    The reality is , the govt. got caught. If this was 20'years ago before the net,might may have slid by. As to the farming issue, that is b.s., not worth shipping a single
    farm crop 7000 miles. Local intel on Andros says it is ruse to gain acces to Autec intel, that is much more logical than farming.
  • Docked WagesDocked Wages Posts: 3,167 Moderator
    biminibrad wrote: »
    The reality is , the govt. got caught. If this was 20'years ago before the net,might may have slid by. As to the farming issue, that is b.s., not worth shipping a single
    farm crop 7000 miles. Local intel on Andros says it is ruse to gain acces to Autec intel, that is much more logical than farming.

    That makes the most sense of anything I have heard on this topic.
    Mark Wilson
    USCG 100t Master, Assist Tow, 200nm Coastal
    Marine Surveyor, SAMS, ABYC, IAMI, FMIU
    Wilson Yacht Survey, Inc. 
  • alacrityalacrity Posts: 2,648 Captain
    biminibrad wrote: »
    The reality is , the govt. got caught. If this was 20'years ago before the net,might may have slid by. As to the farming issue, that is b.s., not worth shipping a single
    farm crop 7000 miles. Local intel on Andros says it is ruse to gain acces to Autec intel, that is much more logical than farming.

    no chinese interest or any other government's interest (other than the bahamas) is going to do anything while AUTEC is there. for the US, it would constitute a hostile military act.
  • Gary MGary M Posts: 13,246 AG
    Why would the Chi-Coms want to fish a place that's basically already fished out? :huh
  • I guess time will tell....
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