Port of Tallinn signed an agreement with Chinese business facilitation corporation CCOEC

On Thursday AS Tallinna Sadam (Port of Tallinn) signed a cooperation agreement with the state agency CCOEC to facilitate the industrial parks of the Port of Tallinn for Chinese exporting companies.

On Thursday the cooperation agreement was signed in Tallinn by the chairman of the board of AS Tallinna Sadam Mr. Ain Kaljurand and the president of CCOEC (China National Corporation for Overseas Economic Cooperation) Mr. Ma Zhiwu.

"The network of contacts that CCOEC has in China, significantly increases visibility of industrial parks located in the Port of Tallinn on a very important Chinese market," – says the chairman of the board Ain Kaljurand.

According to Mr. Kaljurand, the Port of Muuga and the Southern Port of Paldiski hold great potential for Chinese enterprises, which, for instance, could consider establishing distribution centers and production units in Estonia. "On the one hand, our ports offer a chance to act in the customs area and legal environment of the European Union, while on the other hand, in the logistic sense, we are very close to the attractive markets of North-Western Russia", - said Kaljurand.

According to the cooperation agreement, by using its established network of contacts CCOEC will introduce the opportunities offered by the ports of Tallinna Sadam to Chinese enterprises that are considering foreign investment.

On the signing ceremony the representatives of the leading Chinese leasing company CULC (China Universal Leasing Corporation) were present .CULC provides financial support for industrial production and large-scale industry. Delegations of CCOEC and CULC visited Tallinn on 14 and 15 November to participate in the meeting of the China-Estonia Joint Commission on Economic and Trade Cooperation.

CCOEC is an agency in the P.R. China that is using consortium agreements to act as an intermediary for distribution of products of Chinese engineering companies in foreign countries. CCOEC supports Chinese companies in the matters of imports and exports, and operates a number of large-scale infrastructure investment projects abroad. CCOEC is a company who is contractual partner of EVR Cargo for supplying 16 Chinese CNR BRE manufactured shunting locomotives during the period of 2012-13.