The head of the Slovak Trade and Industry Chamber (SOPK), Peter Mihók, and the vice-president of the Chinese Council for the Promotion of International Trade (CCPIT), Yu Ping, have signed an addendum to the 1994 agreement on co-operation between the two institutions that paves the way for more intensive economic collaboration, the TASR reported on Wednesday, September 26, citing SOPK press secretary Bibiana Gunišová.
The document foresees the setting up of a joint Chinese-Slovak trade council and also sets out prerequisites for further developing bilateral economic ties. It comes against the background of a 12-clause plan on strengthening co-operation between China and 16 countries from central and eastern Europe approved at a summit in Warsaw in April that brought together prime ministers from the region and top Chinese officials. The proposed council will unite significant figures, enterprises and organisations representing individual branches of industry and trade in both countries that have been doing business together or are interested in doing so. Support and promotion of trade and investment activities, services and technology transfers will also form part of the council's agenda.
"Situated in the heart of Europe, Slovakia as an EU member boasts a stable political and economic situation. China and Slovakia mutually need each other and have a lot to share in terms of experience," stressed Chinese Ambassador to Slovakia Gu Ziping on that occasion, adding that Slovakia represents a gateway for Chinese companies entering the European market. Bilateral trade balance between Slovakia and China reached €2.47 billion during the first half of 2012, with Slovak exports to China rising by 38.3 percent.
Compiled by Zuzana Vilikovská from press reports
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27. Sep 2012 at 14:00