Chinese Investment in the Port of Piraeus, Greece: The Relevance for the EU and the Netherlands Frans-Paul van der Putten Clingendael Report Chinese Investment in the Port of Piraeus, Greece: The Relevance for the EU and the Netherlands Frans-Paul van der Putten Senior Research Fellow
[email protected] Clingendael Report 14 February 2014 © Netherlands Institute of International Relations Clingendael. All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the copyright holders. Clingendael Institute P.O. Box 93080 2509 AB The Hague The Netherlands Email:
[email protected] Website: http://www.clingendael.nl/ Contents Summary 7 Abbreviations used in this Report 9 Introduction 10 1. Cosco and Piraeus as an Emerging Regional Hub 11 Corporate Profile and Operations 11 The Potential for Expansion 15 The Pioneering Role of Hewlett-Packard’s Distribution Activities at Piraeus 18 2. China’s Interests in the Region 21 3. EU–China Relations 24 Economic Significance for the EU 25 4. Cosco as a State-Owned Enterprise 28 Possible Political Relevance 29 5. The Relevance for Dutch Economic Interests 32 Conclusions 34 Interviews 35 Summary This report aims to provide a preliminary insight into how Cosco’s activities in Piraeus are relevant for: a) EU–China relations; and b) Dutch economic interests. Regarding EU– China relations, the report focuses on implications for trade flows and the relevance of the fact that Cosco is a state-owned company.