NO. 65
WASHINGTON, DC —Nicholas G. Karambelas, Esq., volunteer legal counsel to the American Hellenic Institute (AHI), and partner in Sfikas & Karambelas LLP, appeared on CGTN America’s “The World Today” program with Toni Waterman, November 10, 2019, to discuss Chinese President Xi Jinping’s three-day state visit to Athens.
Karambelas discussed the current state of Greece’s export economy, including the impact of U.S. tariffs imposed on the European Union member countries; China’s potential for increased future investment in Greece, especially with a growing number of Greek companies emerging from Greece’s economic crisis looking to establish themselves; and Greece’s potential as an export hub for China’s goods.
“Greece is an export economy with probably up to 40 percent of its GDP from exports and there are a myriad of businesses looking to export to China particularly because of the recent 25 percent tariff imposed on EU goods to the U.S., except for olive oil, that affects all of Greek agricultural products,” he said. “Plus, tourism is important, and Greece is encouraging year-round tourism.”