Panhellenic Exporters Federation predicts 8-10% increase in Greek exports in 2011

The National Exporters Federation anticipates an increase in Greek exports by 8-10 percent for 2011, as was announced in the account of activities presented at the federation's annual general assembly, by board president Christina Sakellaridi.
She reminded that the more than doubling of the participation of Greek exports in the country's GDP has been set as a target, so that at the end of 2014 it will amount to 16 percent of GDP.

Sakellaridi noted that the EU/ECB/IMF troika's representatives agreed with the need of eliminating the counterincentives that the federation presented to them and are the same that it has also indicated to the government.

Regarding the course of exports she said that "March may have interrupted the series of 5 upward months since October 2010, but the increase rates of exports are still extremely positive. In the first quarter of 2011, Greek exports are 12.5 percent higher compared to last year."

"If these rates continue, we shall come even closer to the target of 16 percent and we might also exceed the record of 17.4 billion euros of 2008. Much will depend on the course of the European economies and mainly of our basic customers Germany, Italy, Cyprus, the euro parity with the dollar, the normalisation or not of the situation in North Africa and the Middle East, the prices of oil," Sakellaridi added.

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