‘Al­ba­nia is fer­tile ground for nur­tur­ing trade re­la­tions’

Mem­o­ran­dum of Un­der­stand­ing signed be­tween Malta and Tirana Cham­bers

The Malta Business Weekly - - FRONT PAGE -

The Malta Cham­ber en­tered into a Mem­o­ran­dum of Un­der­stand­ing with its counter-or­gan­i­sa­tion in Tirana, Al­ba­nia last week, dur­ing the Al­ba­nia-Malta Busi­ness Fo­rum which was held un­der the pa­tron­age of the Pres­i­dent of Malta.

The agree­ment out­lines a se­ries of op­por­tu­ni­ties of col­lab­o­ra­tion that can take place be­tween the two Cham­bers, in view of in­creased com­mer­cial col­lab­o­ra­tion be­tween the two coun­tries.

Ahead of the sign­ing, An­drew J. Mamo, deputy pres­i­dent of the Malta Cham­ber, said that trade sta­tis­tics showed that busi­ness be­tween Malta and Al­ba­nia was im­prov­ing.

“Last year, im­ports from Al­ba­nia to Malta in­creased by al­most 70% over the pre­vi­ous year, reg­is­ter­ing sig­nif­i­cant in­crease in trade of salt, sul­phur, stone, plas­ter­ing ma­te­ri­als, lime and ce­ment. There is cer­tainly room for im­prove­ment for Mal­tese com­pa­nies to ex­port to Al­ba­nia to im­prove our bal­ance of pay­ment,” he said.

In this con­text, the deputy pres­i­dent noted that eco­nomic re­la­tions be­tween the two coun­tries should be re­garded as fer­tile ground for nur­tur­ing trade re­la­tions, which so far had been scarcely ex­ploited.

“So it is time to take ad­van­tage of the good­will that ex­ists on the po­lit­i­cal and busi­ness levels to take our trade and in­vest­ment fig­ures to a higher ground,” Mamo con­cluded.

The agree­ment was signed by Mamo for the Malta Cham­ber and Nikolin Jaka, pres­i­dent of Cham­ber of Com­merce and In­dus­try of Tirana.

Fol­low­ing the sign­ing, over 60 com­pa­nies from a va­ri­ety of eco­nomic sec­tors took part in over 130 meet­ings, as part of a busi­ness-to­busi­ness net­work­ing ses­sion which was or­gan­ised by the Malta Cham­ber. The B2B ses­sion brought to­gether Mal­tese and Al­ba­nian busi­nesses with a view for com­mer­cial col­lab­o­ra­tion.

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