Albania and Japan strengthen economic cooperation - Japanese investors increase interest. In focus, energy, ICT and tourism
This Thursday, the Albanian Investment Development Agency, in collaboration with the Japan External Trade Organization (JETRO), organized the Albania-Japan Business Forum, which aims to strengthen economic relations and promote investment between the two countries.
“I believe that throughout this day you will have the opportunity to connect with businesses from Albania. I see here all the responsible deputy ministers and representatives from the institutions covering the sectors that represent your businesses. Therefore, I truly believe that today there is a great potential for increased investment and increased trade exchanges. And I am sure that today you will hear about the extraordinary potential that Albania has thanks to stability. Strategic position and market access, friendly policies for investments and a system of innovation that is growing rapidly. I hope that today marks a very important step in our relations, and I am here with my staff and all government representatives to ensure that all the information you need and all the support you will need in the future, will be available,” said Delina Ibrahimaj, Minister of Economy and Innovation.
Meanwhile, the Ambassador of Japan to Albania, Kikuko Kato, emphasized that our country is a gateway to the Balkans and that Albanian exports to Japan have increased in recent years, diversifying from seafood to organic wines and medicinal plants.
“Albania is now progressing at an extraordinary pace in economic and social reforms, aiming for EU membership by 2030. Currently, there are four Japanese companies operating in Albania. Among them, one is a large company that has been operating since 2019, creating over 1,000 jobs. In trade relations, exports of farmed tuna from the Adriatic Sea to Japan began in 2021, and exports of Albanian medicinal plants and organic wines to Japan have also started, gradually diversifying Albanian exports to Japan. Honorable participants, it will soon be two years since my arrival in Albania. Looking back on these two years, I have witnessed, first of all, the significant changes in Albanian society and its economic development. Moreover, I have understood the diverse potential of the Albanian market. Albania is located on the western side of the Balkan Peninsula, so it is a coastal state facing the Adriatic and Ionian Seas, serving as an entry gateway for The Balkans. Today's forum brought presentations from the Albanian side on these sectors and from Japanese companies, which is expected to pave the way for new business connections and collaborations.”
In her speech, AIDA Director Laura Saro emphasized the readiness to intensify economic cooperation and identified sectors with high potential for investment by Japanese companies.
“This event shows that we are ready to collaborate further and intensify our cooperation, bringing these shared values that we now have in business. So, it is time to have some business agreements and an exchange of ideas between us. Let me mention some sectors where Albania is very strong and has potential, and as I mentioned, with Japanese expertise: renewable energy, ICT (information and communication technologies), tourism, agriculture, manufacturing. That is why we have identified these panels today. Albania’s ambitions for clean energy, our growing digital sector, the developing tourism industry, as you may have heard, the strategic manufacturing position and the strong agricultural base create a solid foundation for cooperation.”
Saro added that the Albanian government offers important support measures for strategic investments, which depend on the value of the investment, the number of jobs and the innovative nature of the projects. The forum is expected to serve as a practical platform for cooperation between Albanian and Japanese enterprises, creating concrete opportunities for investments and new economic partnerships.
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