TIRANA, Dec 4 /ATA/ Turkey is an important partner of Albania in international trade.
The Institute of Statistics recently released the report on foreign trade for the period January-October, according to which, Turkey ranks the second trading partner, accounting for 8.4% of the volume.
Trade exchanges with Turkey in the 10- month period of this year have reached ALL 99.6 billion.
Referring to the data for the January-October period, Albanian exports to Turkey increased by 600 million ALL, reaching 5.2 billion ALL, from 4.6 billion ALL in the 10 month period of 2021, while imports for the 10-month period are reckoned at over 94.3 billion Lek.
35 billion ALL of construction materials and metals were imported from Turkey, as well as 15.7 billion ALL of textiles and shoes. Meanwhile, the import of chemical and plastic products is reckoned at almost ALL 10.4 billion.
The most exported products are minerals and metals, aromatic and medicinal herbs, and semi-finished products.
Albania has signed a free trade agreement with Turkey in 2006, which entered into force in May 2008. Through this agreement, the two countries have 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 at zero customs duties or under tariff quotas.
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