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Albania opens free trade zone for foreign investment

Xinhua, July 1, 2016 Adjust font size:

The free trade zone of Albania's city of Koplik has been opened to foreign investors, the Albanian Daily News reported Friday.

The zone, open for manufacturing, industrial and agro-processing activities as well as trading and storing goods, will be divided into three smaller districts in order to provide more investing options to foreign investors.

So far, enterprises from Macedonia and Turkey have shown interest in the strategic position of Koplik's economic and technological development zone because it provides links to the Balkan, the report said.

The free trade area, located in northern Albania, consists of 15 cadastral units and about 61 hectares of agricultural fields and pastures.

It will operate for a period of nine years for a symbolical price of 1 euro (1.11 U.S. dollars), the report said. Endi