Collaboration agreement between CCIB and TIAD

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President of the Bucharest Chamber of Commerce and Industry (CCIB), Univ. Prof. Eng. Sorin Dimitriu, PhD., met a delegation of the Turkish Businessmen Association in Romania (TIAD) led by Guven Gungor, recently elected as the President of the Association.

In the opening of the meeting, Sorin Dimitriu spoke about the CCIB’s foreign relations strategy and underlined the interests on developing economic and commercial relations with the Republic of Turkey; the 8 cooperation agreements concluded by CCIV with similar organizations from this country, based on which events meant to contribute to a better knowledge of the two business communities, as well as with TIAD, are a proof in this regard.

The CCIB President appreciated the usefulness of renewing and updating the cooperation protocol with the Turkish Businessmen Association in Romania and identifying, within the margin of this document, concrete projects whose development will lead to a better knowledge of the business communities represented by the two organizations. According to the President of the Bucharest Chamber, the joint program could include the organization of a Romanian-Turkish Business Forum, a “Day of the Business Opportunities” dedicated to the Republic of Turkey, as well as a “Week of the Turkish Products in Romania”.

Guven Gungor underlined that his main objective, as the TIAD President, and of his team, is given by an as active as possible presence of the Association in the business environment of our country. The TIAD President appreciated the projects presented by the CCIB President ad stressed that jointly organizing events has the role to create a proper environment for networking for the members of the two organizations, to be a starting point in identifying new projects and business opportunities, both in Romania and in Turkey. In this context, Guven Gungor appreciated that the first project in the joint agenda could be the Romanian-Turkish Business Forum proposed by the CCIB President, whose organization can be correlated with the trip in Romania, at the invitation of TIAD, of a delegation that will include representatives of some Turkish chambers of commerce.

On December 31, 2017, the value of the Romanian-Turkish trade exchanges amounted to EUR 5.1 billion, 16.6% higher than in 2016. The export amounted to EUR 2.1 billion, 15% higher, and the import amounted to EUR 3 billion, 18.2% higher than in 2016. On the above mentioned date, Turkey was the sixth trade partner of Romania, being the seventh outlet for Romanian products and the eighth home market of the goods entered into Romania. On December 31, 2017, there were 15,097 Turkish trade companies in Romania, whose subscribed share capital amounted to EUR 565.4 million, representing 1.3% of the total value of the share capital subscribed by the foreign investors. According to the value of the share capital, Turkey ranks 15th in the ranking by the countries of residence of the investors in trade companies with foreign participation, between 1991 and December 2017, and it ranks the 3rd in the ranking by countries of residence according to the number of trade companies registered in Romania.