China’s Jilin province opens a representation in Tallinn

An Estonia-China business forum sponsored by Enterprise Estonia (EAS) took place in Tallinn on Friday, within the framework of which the business representation for North and East Europe of China’s Jilin Province was also opened.

In addition to taking part in the forum, members of the Jilin province business delegation will meet with Estonian entrepreneurs and tour production enterprises, a spokesman for EAS told BNS. The companies to be visited by the Chinese delegation include furniture maker Tarmel, steel structures manufacturer E-profiil and science park Tehnopol, he said.

Previous meetings have established mutual trust and there are good prospects for even closer co-operation, EAS board member Martin Hirvoja said. “A year ago in August co-operation in renewable energy got started. Now we have included fields like agriculture and wood processing,” he explained.

MP Tõnis Palts observed at the opening of the business representation that Estonia has a big advantage in that reinvested profit is exempt from corporate income tax which makes the Baltic state the best place for Chinese businesses to set up headquarters when expanding to the European market.

The head of the delegation, director general of the department of commerce of Jilin province Cong Hongxia, said that opening of the representation in Estonia will raise bilateral co-operation to a new level. The representation will also serve other eastern and northern member states of the European Union.

Last fall EAS and the Chinese company Jilin New Energy Investment Co. Ltd. signed an investment and cooperation agreement under which companies from Jilin province will invest 130 million euros in renewable energy sector in Estonia.

EAS has had a business representation in China since 2010. The Chinese delegation is staying in Estonia from 19-21 July.

Source: Estonian Review / BNS