Business News

Slovenia, Equatorial Guinea Look to Boost Business Ties

Ljubljana, 13 January (STA) - The Slovenian Chamber of Commerce and Industry (GZS) signed in Ljubljana on Thursday an agreement on cooperation with the counterpart from Equatorial Guinea as part of a visit to Slovenia by a governmental and business delegation from the African country.

The agreement was signed at a business conference organised by the GZS and featuring the delegation from Equatorial Guinea and representatives of 70 Slovenian companies.

The conference discussed opportunities for bilateral cooperation in construction and furniture industry and trade in agricultural machinery, ironworks and consumer goods.

The head of GZS's competitiveness centre Ales Cantarutti said at the event that there were plenty of opportunities for Slovenian companies on unfamiliar markets such as Equatorial Guinea.

There is practically no trade between the countries, but the large attendance at the conference shows how urgently Slovenian companies need and look for ties with foreign partners, he added.

Equatorial Guinea has certainly a lot of unused potential, with 25 years worth of oil reserves and the tourism sector with good prospects, said the president of the Equatorial Guinea Chamber of Commerce Gregorio Boho Camo.

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