American Chamber of Commerce in Albania

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AMCHAM ALBANIA

amcham albania

The American Chamber of Commerce in Albania is a private business promotion and development …

What to know while planning to invest in Albania? A group of representatives of Romanian investors met AmCham representatives while visiting Albania in a business trip. During the meeting, representatives discussed about the country’s principal macroeconomic indicators and priority sectors that attract foreign investors. AmCham President, Mr. Enio Jaço, Board Members and Committees Chairs discussed on necessary procedures and permits to invest on strategic or small sectorial projects, Government incentives to attract foreign investments and the urge to reform the judicial system and courts that will monitor a fair market of doing business. The interest of Romanian investors was focused on the Albanian legal framework to support investments and foreign investors, time needed to have an investment permit, qualified working force, sector specific concessionary forms and concrete investment opportunities in top priority sectors.

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15/05/2019

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13/05/2019

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UN Resident Coordinator in Tirana, Mr. Brian William and Mr Daniel Berg, who is supporting UN Albania to develop the Resource Mobilization Strategy, met with several members of AmCham Albania. UN representatives introduced to AmCham the Sustainable Development Goals and specific objective of private sector engagement and contribution to achieve goals and develop Albania by relying on its own strengths and capitals. The Resource Mobilization and Partnership Strategy will be an operational tool built upon the assessment of comparative advantage of the UN, synergies of current and potential partnerships as well as to identify opportunities arising from non-traditional sources of funding including blended finance, relevant alternative financing sources in the country in achieving the SDGs. While Albania has been assisted by donor organizations with funding on various development projects, it has become crucial and necessary to focus on domestic resources for long-term development. Albania has the potential and capacities on funds generated by domestic and foreign businesses operating in the country. AmCham members discussed with senior UN officials on how they perceive their engagement in development projects in environment, health and education issues and what they would like to change in economic policies and enforced laws. Sectorial and fiscal incentives, more liberalizing governmental policies would facilitate private sector engagement through CSR projects. The successful implementation of the judicial reform will increase transparency and reduce corruption, as a fundamental element in achieving sustainable development. AmCham representatives emphasized that in order for the private sector to embrace UN sustainable goals, the right business incentives must be developed and enforced. AmCham President, Mr. Enio Jaco stated that AmCham is interested in collaborating with UN and other like-minded organizations to advocate for tax incentives with the government. AmCham President emphasized that an effective capacity building program to better educate members with economic benefits of UN sustainable goals is very important.

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10/05/2019

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A group of senior executives from the American Chamber of Commerce met with Brock Bierman, USAID Assistant Administrator for Europe and Eurasia, at a working dinner on May 5. The meeting focused on USAID’s future strategies in Albania. Mr. Bierman explained the new strategic role that USAID will play to support Albania on its journey to self-reliance and the importance of private sector engagement in this process. Participants discussed how continuing to build capacity of the professional workforce can play a significant role in Albania’s next development phase. AmCham President, Mr. Enio Jaço, emphasized that AmCham is ready to partner with USAID to support this effort.

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08/05/2019

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The President of the American Chamber of Commerce in Albania, Mr. Enio Jaço was guest of honor at the Annual Conference on International IP Day organized by the General Directorate of Intellectual Property. “Intellectual Property and Sports – To Achieve the Best” was IP Day slogan that brought together the Minister of Finances and Economy, Minister of Culture, Deputy Mission Director of the Embassy of the Swiss Confederation, as well as artists and sportspeople, who work together to strengthen the legal framework that intellectual property rights. During his speech, AmCham President, emphasized the continuous work the business community is doing on IP rights protection, Mr. Jaço stated: ‘The main issue that our members face in Albania is that of fake, counterfeit, piracy and illicit trade in general. These are issues that seriously affect our members. BSA Global Software Survey which estimates the volume and value of unlicensed software installed on personal computers, and reveals attitudes and behaviors related to intellectual property and emerging technologies, shows that Albania ranks at 73%. IT industries estimate a $240M loss from $80M sales volume – coming from piracy, fake products or brands. This is unfair – imagine how big a global company can feel when products from only 10 products are paid through licenses but five are stolen. This is also illegal. AmCham members are systematically faced with fake products, trading of unlicensed products and products entering the market illegally. All three of these forms are serious breaches of the international business norms in a country that is working to open negotiations with the European Union. AmCham Business Index for 2018 reflects a slight increase of 2,19 % on IP situation in Albania – moving from 45.24 % in 2017 to 47.43 % in 2018. However, there is still much work forward to reduce the losses from piracy and fake products for market industries. AmCham will focus on the improvement of the IPR situation in the country, by developing the inter-institutional dialogue, empowering the market monitoring inspectors and increasing awareness on law enforcement. In specific, AmCham will undertake action in: 1. Creating Stakeholders Group on IP rights as the first step forward. Key line institutions, responsible for implementing and monitoring IP rights, will meet and discuss on a regular basis challenges affecting the IP community and undertake legal actions for improvement. 2. Collaborating strongly with Customs on preventing piracy and fake products entering the market. Regular awareness activities on customs legislations, trademarks and patents registration and how to identify fake products will be conducted. 3. Focusing on market inspection as AmCham priority for 2019 – Efforts and lobbying actions will be presented in the Annual AmCham Conference on “Market Inspection and Operation of Inspectorates” 4. Ensuring strong collaboration with Industrial Directorate to fight IP law infringements. Better harmonization of all these elements creates a better working climate for businesses, a guarantee for investors, a better IP situation and therefore makes Albania more attractive for foreign investments.

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03/05/2019

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“Standing Together on IP Rights” Roundtable Mr. Kledi Kodra, Chairman of the Legal, Regulatory & IPR Committee spoke about the work done so far to follow up the protection of intellectual rights from Customs Directorate, which is the gateway to the domestic market, to market inspections and the right implementation of Copyright. “Activating the stakeholders group as an opportunity to clearly address all members issues that will help AmCham to find the right channels to handle these issues,” said Mr. Kodra.

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26/04/2019

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“Standing Together on IP Rights” Roundtable Director of Industrial Property Directorate, Mr. Elvin Lako explained in high level how the Directorate functions in registering and controlling trademarks and patents in Albania, both from the legal and practical point of view. ‘’We have conducted individual visits in every business and enterprise to explain the registration of trademarks and patents and the obligations and rights deriving from the Law are a way of institutional cooperation,” – stated Mr. Lako.

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26/04/2019

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“Standing Together on IP Rights” Roundtable Mr. Enio Jaço President of AmCham Albania “AmCham will focus on strengthening lobbying efforts for the improvement of the legal framework that protects industrial property rights, mainly on Market Inspection Law, cooperation with the National Food Authority Inspectorate, as one of the Inspectorates that broadly monitors the market and controls business operations in the market.”

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26/04/2019

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“Standing Together on IP Rights” Roundtable AmCham Albania speaks with stakeholders on the protection of Intellectual Property Rights The American Chamber of Commerce in Albania organized a round table where the most important line institutions responsible of intellectual and industrial property rights were invited. Over the years, AmCham has organized regular meetings with key institutions that coordinated their work to better reach the goal of improving the IP situation in the domestic market. The President of the American Chamber of Commerce, Mr. Enio Jaço appreciated the cooperation of the institutions in creating a stable market while at the same time asked for their commitment and collaboration to create an adequate climate to guarantee the implementation of intellectual property rights. Representatives of line institutions and AmCham members had the chance to discuss on trademark and patents, the ban of piracy, inspection process and enforcement of the Law Inspectorate.

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26/04/2019

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12/04/2019

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12/04/2019

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AmCham General Assembly Meeting

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12/04/2019

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