Trade with the Communist countries of Eastern Europe, other than
Yugoslavia, continued after the break with the Soviet Union and
increased by 66 percent from 226 million leks in 1960 to about 375
million leks in 1968. The share of this group in total trade rose during
this period from 35 to 40 percent, almost entirely after 1964. Albania's
most important trade partner in this group has been Czechoslovakia,
second only to Communist China with a volume of 118 million leks in
1968, equivalent to about 12 percent of Albania's total trade volume in
that year. Following Czechoslovakia in order of importance were Poland,
East Germany, and Bulgaria, with trade volumes ranging from 69 million
to 53 million leks. Trade with Hungary and Romania amounted to about 40
million leks and 32 million leks, respectively. With the exception of
Poland and Romania, Albania's trade balance with the countries of
Eastern Europe was positive between 1960 and 1968. The excess of
exports over imports during this period totaled about 65 million leks.
During the early years of the country's dependence upon Soviet aid,
trade with non-Communist countries and with Yugoslavia had been
discontinued, but it was resumed on a very small scale by 1955. In 1964
this trade amounted to only 65 million leks (equivalent to US$13 million
at the official rate of exchange), or 8 percent of the total trade
turnover. Fully two-thirds of this trade was accounted for by Italy and
France. During the following four years trade with the West and
Yugoslavia increased 2-½ times to 160 million leks in 1968, and the
share of this trade in the total turnover doubled.
Italy continued to be the major Western trade partner, with a turnover
of 66 million leks in 1968, but the largest advance was made in the
trade with Yugoslavia. The total trade turnover with that country rose
fiftyfold in one year, from 400,000 leks in 1965 to more than 20 million
leks in 1966. Under the 1970 trade agreement the trade volume is
scheduled to reach 50 million leks. In 1968 Italy and Yugoslavia
together absorbed four-fifths of the combined exports to the West and
Yugoslavia and supplied more than half the imports from that area.
Another striking example of the country's trade expansion effort is the
agreement with Greece, a country with which Albania has had no political
or economic relations for thirty years. Signed by the chambers of
commerce of both countries in January 1970 and effective for one year,
this agreement provided for an initial turnover of 7.5 million leks, of
which 4 million leks were in imports and 3.5 million leks in exports.
Commercial orders worth about 1.5 million leks on both sides were
reported to have been placed by mid-1970.
In 1969 trade relations were officially reported to have been maintained
with forty different countries. Relations with thirteen of these
countries, both Communist and non-Communist, were formalized by trade
agreements.
Public-domain text, read in full here on John Shaqi.
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