Malta- Business Opportunities
H.E Reuben Gauci, High Commissioner of The Republic of Malta accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr.Jitendra Joshi and Global coordinator Ms. Deepali Gadkari Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Malta and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.\r\n
Malta, also known as the Republic of Malta, is a Southern European island country which consists of an archipelago (group of islands) in the Mediterranean Sea. Malta shares its borders with countries such as Tunisia, Italy and Libya. The island nation has a land area of 316 sq.km and has a population of 4,41,543 as of 2020. The capital of Malta is Valletta, which is the smallest capital in the European Union (EU) with a land area of 0.8 sq. km.The national language of Malta is Maltese and English forms the second official language of the country and majority of the nation’s population practices Christianity. Malta gained its independence from the British rule in 1964 and has been a member of the Commonwealth of Nations and the United Nations since then. It joined the EU in 2004.Malta is an attractive tourist destination and enjoys a warm climate along with having several recreational areas and historical and architectural monuments. Some of these are listed under the UNESCO World Heritage Sites.
Business Opportunities in Malta
Malta is a tourist destination, thanks to several beautiful locations the island country has to offer. Hence, tourism is a major sector for the country as a major part of the country’s income comes from tourism alone. Hence, this sector can act as a major source of several business opportunities for countries that are interested in investing in the tourism sector of Malta.A major part of the economy is dependent on foreign trade, hence, opening up several newer avenues for business and investment opportunities for Malta and other countries. The labour force of Malta is a highly productive one as Malta is one of the most advanced economies in the world. The country also has large reserves of limestone and can bring in more business opportunities for Malta and other countries as well.
Exports and Imports in Malta
The exports of Malta increased from EUR 2,55,688 thousand in October 2020 to EUR 3,26,700 thousand in the month of November 2020. On the other hand, the country’s imports also increased from EUR 3,39,891 thousand in October 2020 to EUR 3,62,500 thousand in the month of November 2020.
Top Exports of Malta
The top exports of Malta are electrical machinery, mechanical appliances, fish and crustaceans, pharmaceutical products and printed material. The main export partners of the country are Germany, France, the UK, Italy, Libya and the USA.
Top Imports of Malta
The top imports of Malta are mineral fuels and oils, non-electrical machinery, aircraft and other transport equipment, plastic and other semi-manufactured goods, foods, drinks and tobacco. The main import partners of Malta are Italy, the UK, Germany and France.