BUSINESS IN SHORT

Trade links with China intensifying

SLOVAKIA’s exports to the People's Republic of China have grown in the past three years. Slovakia's Economy Ministry reported that in the January-October period of 2009, the volume of mutual trade was €2.2 billion, the SITA newswire wrote.

SLOVAKIA’s exports to the People's Republic of China have grown in the past three years. Slovakia's Economy Ministry reported that in the January-October period of 2009, the volume of mutual trade was €2.2 billion, the SITA newswire wrote.

“Slovakia's exports accounted for €413 million of this,” the Economy Ministry reported. “A significant development in economic cooperation is being achieved on the level of business entities, in particular in the energy sector, rubber and pharmaceuticals industry, certification of products and in forestry.”

Major projects between China and Slovakia at present include the production of LCD monitors, construction of small solar power plants, a development centre for the rubber industry and a resumed project Green China - planting sea buckthorn. The Slovak-Chinese intergovernmental commission for economic cooperation also commented that the number of Chinese tourists visiting Slovakia has been steadily growing.

The Economy Ministry stated that the next goal will be to motivate businesses, in particular small and medium-sized, on both sides to actively participate in trade and investment activities.



The Ministry is also aiming to widen trade and economic cooperation, strengthening cooperation in the area of mechanical engineering, electrotechnical industry, auto industry, energy sector, farming, infrastructure building and tourism.

The head of the Chinese delegation Xu Xiaofeng requested support from the Slovak side on the issue of anti-dumping duties imposed by the EU on some Chinese products as well as in negotiations on acknowledging China as a market economy.


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