TIRANA, June 27/ATA/ Turkey is a major trading partner of Albania.
The Institute of Statistics published recently a report on foreign trade for the period January-August, according to which Turkey is ranked as the second largest trading partner, accounting for 8% of the trade volume.
Trade exchanges with Turkey in the first eight months of the current year have reached over 57 billion lekë.
Referring to the data of the period January-August, Albanian exports to Turkey increased by 2.5 times, going to 4 billion lekë, from about 1.6 million lekë in the 8 months of 2020, while imports for the 8-month period are estimated at 53.4 billion lekë.
From Turkey, there were imported 13.5 billion lekë of construction materials and metals, as well as 11.5 billion lekë of textiles and shoes. Meanwhile, the import of chemical and plastic products is estimated at 7.2 billion lekë.
The most exported items are minerals and metals, aromatic and medicinal herbs, and façon products.
Albania has a free trade agreement with Turkey, signed in 2006, which entered into force in May 2008. Through this agreement, the two countries are provided with opportunities to increase trade exchanges between them.
Albanian exporters can benefit from the free trade agreement between Albania and Turkey, which gives them the opportunity to export a number of Albanian products to the regional market without customs duties or tariff quotas.
Exports of industrial products of Albanian origin are liberalized. Meanwhile, for agricultural products, the parties have mutually agreed on preferential tariffs and tariff quotas./j.p/p.s./
