Poland, Albania sign economic cooperation accord

TIRANA, June.5 – Poland and Albania signed an agreement on economic cooperation on Monday, which will allow further cooperation in the industrial, power and mining sectors as well as in tourism between two countries. The document was signed by Polish Economy Minister Piotr Wozniak and visiting Albanian Minister of Economy, Trade and Energy Genc Ruli. Under the signed accord, the two countries will set up a joint commission to prepare proposals aimed at further developing bilateral cooperation, the Polish PAP news agency reported. Both minister stressed that current bilateral trade has been very modest. Last year, Poland exported products valued at 5.6 million euros to Albania, chiefly agricultural and food products as well as electro-engineering and chemicals products. Imports from Albania closed at 800, 000 euros and focused on wood and paper products and products of light and chemical industries.
Ruli said that Albania is one of the best tourist regions in the world, although it still has visible shortcomings in its road and telecommunications infrastructure, stressing that Albania is offering its land for investments while its parliament is working on a draft law to allow the sale of land to foreign investors. The minister invited Polish capital to invest in Albania’s fuel sector and to cooperate in the power industry.