Vice chairman of the CCPIT Yu Ping met with Minister of Foreign Affairs of Andorra Gilbert Saboya Sunye and his accompanies on May 27.
Yu said Andorra and China maintained good political relations for many years and both have complementarities and mutually beneficial cooperation opportunities though they are different in size. Since Chinese enterprises and tourists have growing willingness to visit Andorra, the CCPIT will use its network across the country and extensive contacts with Chinese enterprises to publish information related to the investment environment in Andorra, thus promoting bilateral trade exchanges and cooperation.
Gilbert Saboya Sunye said Chinese government has been always respectful of Andorra and economic cooperation should be like bilateral political relations with bilateral close ties in various bilateral and multilateral mechanisms.
He added the service industry is the pillar industry of Andorra, among which tourism contributed 60% with half in shopping trips. Currently China's exports accounted for only 4% of Andorra's total trade volume, so promoting Chinese goods to enter Andorra will provide a huge market and good opportunities for Chinese enterprises.
He said the Beijing-Barcelona direct flight will greatly facilitate Chinese tourists to visit Andorra.
The Andorra government is exploring concrete measures to attract Chinese tourists with Chinese National Tourism Bureau and travel agencies. He hoped China's hotel industry to investment in Andorra to provide better service to the increasing Chinese travelers.
He stressed entering a new historical era of an open economy, Andorra is carrying out financial reform with less than 10% of business tax rate for foreign and domestic enterprises and allowance of whole owned companies for foreign investment. These open-door policies in recent years have attracted a lot of foreign investment. The government also launched called an investment attracting action to attract investment plan which will provide Chinese investors with convenience.