The Netherlands is looking to explore new textile business opportunities in Albania that would boost ties between the two countries. A delegation from Netherlands recently visited Albania to find market space and opportunities to cooperate with Albanian companies, who are active across all garment value chain.
The visit came two years after Dutch experts of CSR Netherlands, the Centre of Excellence for Dutch companies striving towards corporate social responsibility, identified the fashion sector as one of Albania’s most promising business sectors.
Dutch Ambassador to Albania, Dewi van de Weerd, commented, “I strongly believe that both countries have something to offer to each other in the fashion sector. Albanian companies can offer their competitive production costs, short lead times and eagerness to open up to the world and move up the value chain ladder towards full cycle production. Whereas, Dutch companies offer a dynamic and innovative market, an experienced entrepreneurship attitude and commonly reliable partnership when it comes to orders’ payments.”
It’s pertinent to mention here that Albania’s garment and footwear sector, producing the country’s top exports and employing about 100,000 people, mainly relies on cheap labour costs with a majority of exports destined to neighbouring Italy. The sector’s annual turnover is estimated at € 500 million, accounting for 40 per cent of the country’s total exports.
The Netherlands has emerged as the second largest foreign direct investor in Albania in the past couple of years with trade exchanges between the two countries of about € 43 million. Both the countries are likely to sign more trade agreements in upcoming months to increase the value of trade.