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Slovenia Business Week no. 47/2004: Strong Business Delegation Visiting China

Some 50 business officials, mainly coming from small and medium-size companies, are visiting Shanghai, Xiamen and Hong Kong during their stay in China

Representatives of almost 40 Slovenian companies began a one-week visit to China on Wednesday, 10 November in what is the biggest Slovenian business delegation to this Asian country so far.

Some 50 business officials, mainly coming from small and medium-size companies, will visit Shanghai, Xiamen and Hong Kong during their stay in China. The delegation is led by Jozko Cuk, the president of the Chamber of Commerce and Industry of Slovenia (CCIS).

The CCIS wrote in its press release that Slovenian companies are increasingly interested in trading with China, which is reflected in the mounting bilateral trade and increasing number of branch offices opening.

Currently, Slovenian companies have three joint ventures in China, one co-owned by supplier of starter motors and generators Avtoelektrika and two by producer of commutators Kolektor. One company, Sinoslo Technology, is in 100-percent Slovenian ownership, while 12 companies (Genshipping Pacific line, Hammax Trading, Iskraemeco, Kovinoplastika Loz, Lek, Marka, Prevent, Engrotus, Zlati Mandarin, Zivex, Riko, Etol) hold their branch offices in China.

The trade between Slovenia and China amounted to US$ 360.3m last year, rising from US$ 246.9m in 2002. Totalling US$ 330.2m, Slovenia's imports accounted for most of the 2003 figure. Slovenia's trade with Hong Kong stood at US$ 23.9m last year.

Source: Slovene Press Agency STA

Author: STA