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Greek Day at Expo 2010

2010. 20 June

Greece looks to greater cooperation with China in the areas of tourism and shipping and hopes to attract Chinese investment to Greece, Economy, Competitiveness and Shipping Minister Louka Katseli told on Saturday, during a press conference in Shanghai during Greek Day at the EXPO 2010.

( According to the minister, her contacts with Chinese officials and business people in the city had revealed potential for further business activity
between the two countries in these areas. During the press conference, she also presented the e-book "Invest in Greece" that provides information for potential investors on all the securitisation programmes planned by the Greek government in an upcoming privatisation drive.

    Speaking at the Greek Pavilion in the Shanghai EXPO earlier the same day, China Ocean Shipping (COSCO) CEO and President Capt. Wei Jiafu stressed that China gave a vote of confidence to the Greek government's efforts to emerge from the crisis, adding that other Chinese companies had already shown interest in investing in Greece.

    Katseli is also due to visit the Shanghai stock market on Monday as part of the effort to support and promote Greek business. During an event that the Greek Embassy, she had noted that Greece was hoped to promote cooperation with China in areas such as trade, by promoting products and services that could be sold to Chinese markets, by attracting investments from China, in the tourism and shipping sectors and in cultural exchanges.

    The minister revealed that the two sides were currently considering a direct air link between Greece and Shanghai to assist tourism development, while China had expressed an interest in buying Greek products such as olive oil, wine, furs, jewellery, medicine and building materials.

    Other areas of possible cooperation includr those of logistics, technology, construction and transport.

    She appeared confident that Greece will be able to overcome the current problems and predicted that inflation would level off sometime in 2011, followed by economic growth.

    Earlier on Saturday, Katseli had a meeting with Chinese Vice Minister for Transport Weng Mengyong, after which the two sides appeared confident that Greece and China can further extend bilateral cooperation.