Recently, the Foreign Minister of Andorra Gilbert Saboya opened the second Meeting between Andorra and China. Companies from Andorra and China, accompanied by the Chinese ambassador Lyu Hacen, participated.
Gilbert Saboya explained the invited delegations the opportunities of investment and business in Andorra and the current possibility of creating companies with 100% foreign capital. He also explained that, thanks to foreign investment, was created close to 1000 jobs and started about 700 new businesses in the Principality. For this reason the clear intention to attract more foreign investment besides the one coming from France and Spain.
China is the second largest economy in the world and expects foreign investment of 750 billion dollars by 2017 and interestingly, 700 million Chinese will go out to do tourism outside their country. Andorra hosted last year 5000 Chinese tourists.