PRESS RELEASE BY THE MINISTRY FOR FOREIGN AFFAIRS AND TRADE PROMOTION: Malta is doing its utmost to promote greater trade flows between Malta and China

“Considering that Malta has become a centre of excellence in a number of niche industries, with Malta-based companies producing world-class goods and services at competitive pricing levels, it should come as no surprise that many international buyers actively do business with Malta-based companies. The Chinese market offers the same opportunities and that is why we are doing our utmost to promote greater trade flows between Malta and China”, Minister for Foreign Affairs and Trade Promotion Carmelo Abela affirmed during the Malta-China Business Forum, organised by the Office of the President.

Minister Abela stated that Malta and China have a long succession of initiatives that have borne witness to the longstanding ties between them that have grown and strengthened since the establishment of diplomatic relations in 1972. This has facilitated the development of a framework of cooperation that has created a strong bond between our two peoples. Collaboration in diverse areas such as health, energy, infrastructure, and transport has been enriched by the signing of 61 agreements, which have opened doors for initiatives of mutual benefit.

Malta welcomed and continued to nurture these friendly relations through initiatives such as the opening of the Chinese Cultural Centre in Malta, the first of its kind in Europe, and the numerous official meetings of high-ranking government representatives.

The minister also recalled his visits to China last September to participate in the First Meeting of the Medium-Term Cooperation Plan, where both sides agreed to enhance cooperation in several areas such as energy, education, culture, infrastructure, tourism, research and innovation, and health. He also recalled when in November 2018, he accompanied Prime Minister at the China International Import Expo held in Shanghai, highlighting the signing of the Memorandum of Understanding on Cooperation within the Framework of the One Belt One Road.

Minister Abela concluded his address by wishing those present at the forum a productive business-to-business session and all the success in their future endeavours.

Source: Government of Malta