Trade with Greece
          
        
        
          
            40
          
        
        
          consistent effort toward this direction.
        
        
          
            
              Which are the shortcomings of this environ-
            
          
        
        
          
            
              ment?
            
          
        
        
          The current investment environment suffers
        
        
          from a major incentive and reliability deficit,
        
        
          especially at a time when long-term foreign
        
        
          investment should be the driver of growth. In
        
        
          order to achieve this target, Greece must
        
        
          establish a flexible and attractive regime,
        
        
          which will ensure objective and equal treat-
        
        
          ment, and above all will not hold unpleasant
        
        
          surprises, for prospective investors. Moreover,
        
        
          any serious effort to restructure and rationalize
        
        
          public administration will send the right mes-
        
        
          sage to those wishing to invest in productive
        
        
          activities, reversing the current perception that
        
        
          any investment has to go “through hell and
        
        
          high water”, with whatever that implies in terms
        
        
          of time and money.
        
        
          
            
              Which sectors of the Greek economy show
            
          
        
        
          
            
              growth prospects and, therefore, are suitable
            
          
        
        
          
            
              for foreign investment?
            
          
        
        
          We must focus on the sectors where Greece has a
        
        
          competitive advantage. Which are these sectors?
        
        
          The answer can be found in Greece’s natural
        
        
          wealth, geographical location, mild climate and rich
        
        
          history: the production of quality agricultural goods,
        
        
          shipping, tourism and renewable energy sources
        
        
          are all showing significant growth prospects. If
        
        
          these are combined with the development of new
        
        
          technologies and logistics applications that will
        
        
          make the best of Greece’s geographical features,
        
        
          they can become strategic sectors, capable of
        
        
          attracting international interest.
        
        
          
            
              Which sectors are the Arabs interested in
            
          
        
        
          
            
              investing in?
            
          
        
        
          Sectors such as energy, construction, commerce
        
        
          and tourism have attracted the interest of