China, Greece explore future business potential

08:32, June 11, 2010      

Email | Print | Subscribe | Comments | Forum 

Chinese Ambassador to Greece Luo Linquan addresses a business forum organized by the Greek-Chinese Chamber of Commerce and Industries in Athens, Greece, on June 10, 2010. The main target of the two-day event is to boost bilateral cooperation. (Xinhua/Marios Lolos)

Greece and China are seeking ways to boost bilateral business cooperation through a two-day forum which opened here Thursday under the auspices of the Greek-Chinese Chamber of Commerce and Industries.

Fifteen years after the foundation of the Chamber, which links the business worlds of China and Greece, bilateral collaboration continued to advance despite difficulties such as the global financial and economic crisis, speakers said.

In 2008, bilateral trade stood at 3.31 billion euros (4 billion U.S. dollars) but dropped 13.8 percent in 2009 due to the crisis. However, efforts to build trade have continued, resulting in notable successes such as Chinese group COSCO deciding to invest 4.3 billion euros (5.187 billion U.S. dollars) in the modernization of Greece's biggest port, Piraeus.

The investment will create thousands of jobs in the debt-ridden country, help Greece to improve the competitiveness of its economy and transform Piraeus into a major gateway for Chinese products and services to Europe.

“Nations should continue to boost cooperation,” Luo Linquan, China's Ambassador to Greece, told the business forum. As a way forward, Luo suggested Greece review its strategy of promoting exports to China to focus on more unique, high-quality Greek products, culture and tourism.

Michael Karchimakis, Greek Deputy Minister for Rural Development and Food, said: “There is significant space for further collaboration in the benefit of both countries and peoples. We should work on a mutual framework to boost imports and exports from Greece to China and vice versa."

Konstantinos Papadopoulos, General Secretary of International Economic Relations and Development Cooperation in the Greek Ministry of Foreign Affairs, said: “It is time we solved problems, such as bureaucracy in both sides and seize opportunities."

Papadopoulos focused on the maritime sector in which bilateral ties could flourish drastically. He noted that Greek and Chinese firms had invested 2.5 billion U.S. dollars this year on ship building, while the global figure stood at 5.5 billion dollars.

【1】 【2】 【3】


  • Do you have anything to say?
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)

  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)