Albania Welcomes Chinese Investors, Huge Potential for Cooperation
Albanian Daily News
Published June 9, 2016

Albanian Minister of Economic Development, Tourism, Trade and Entrepreneurship, Milva Ekonomi attended on Wednesday the second Ministerial of Ministers of Economy and Trade, within the "16 + 1" initiative between China - Central and Eastern Europe that is being held in Ningbo city, in China.

On the sidelines of this Ministerial, Minister of Economy held a bilateral meeting with his Chinese counterpart Gao Huchang, during which she praised economic cooperation between Albania and China stressing that the appropriate attention has been given to such cooperation that is confirmed by the participation of Prime Minister Edi Rama in meeting of heads of states from Eastern Europe (CEECs) organized by the Chinese Government.

"Albania is ready to expand cooperation with China in the fields of economy, agriculture, infrastructure, construction and education. We welcome investors from China to invest in our country," said Economy.

During the meeting, Minister of Economy focused on the trade potential between the two countries while she stressed that trade relations with China are increasing, but the potential is even greater. "China has significantly increased its trade position with Albania, however, I think that the current level of trade is low compared to the potential that the two countries," said Ekonomi.

Albanian businesses and Investment Agency, AIDA, participated in Fair of Ningbo with products "Made in Albania" and they will participate in other similar fairs in the future since according to Ekonomi, they are a good opportunity for the exchange of information to enter Chinese market. The Minister of Economy also used this meeting to promote the free economic zones, TEDA, and tourism.

During the meeting, Minister Gao Hucheng said that China sees in Albania a very important partner in Central and Eastern Europe while he added that the economic cooperation has increased. But, he added, China considers that there is still much room for further cooperation.

"We appreciate the potentials of Albania in areas such as fasson sector, mineral industry, infrastructure and energy, as fields where China has established the first steps of cooperation. Meanwhile, the next steps and aim for further cooperation is agriculture," said Minister Gao Huchang. Also, he said, China sees great potential for investments in Albania in the field of tourism.

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