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Sino-Greek Economic and Trade Cooperation Enters a New Period Historical Opportunities
Tuesday,July 01,2008 Posted: 23:17 BJT(17 GMT)
  From:mofcom    Article type:Original

In 2008, the overall strategic partnership keeps deepening, and the economic and trade cooperation has entered a new period of historical opportunities. The bilateral cooperation on trade, tourism, ocean shipping, etc. has achieved rapid development.

In the first quarter, the total amount of Sino-Greek bilateral trade reached to USD 1.039 billion, up 66% compared with that in the same period of last year. Among which, the imports from China to Greece was USD 43 million and exports was USD 996 million, up 45.6% and 67.6% respectively. At present, China has become the seventh among the top ten trading partner countries of Greece, but the bilateral trade accounts for a very small proportion in both countries’ foreign trade. In the first quarter, the Sino-Greek bilateral trade only occupied 0.2% and 2.6% respectively in China-Greece foreign trade. Among which, exports from China to Greece accounted for 0.3% of China’s total exports and 4.0% of Greece’s total imports, while imports from Greece to China accounted for 0.02% of China’s total imports and 0.3% of Greece’ total exports.

At present, about 30% of Greek ships are ordered and manufactured in China. Up to the end of March 2008, the Greek ship owners had ordered a total of 415 ships in China, with the total tonnage of 16.9 million tons and 30.23 million DWT. Therefore, the two sides have a solid foundation and broad prospects for cooperation on ocean shipping
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