Basescu on London visit next week

President Traian Basescu will visit London next week for talks with British Prime Minister David Cameron, with economic growth high on the agenda, UK Ambassador Martin Harris wrote in a blog post. “This question is now urgent. Both our countries are emerging from recession, but the recovery is slow. Growth is forecast to be around 1.7 per cent in the UK this year. The figure for Romania is about the same. So is the EU average,” the Ambassador wrote. Given that emerging economies are growing much faster, it is very likely that there will not be any European country in the top 10 economies of the world after 2050, Harris said, adding that Romania and the UK have to discuss solutions to this matter.

The British Ambassador also underlined that economic cooperation between the two countries is solid, with significant trade and British investment in Romania. “But there is also a lot we can do together at the European level. Romania is the seventh largest country in the EU. It has established a strong reputation for economic management during the crisis. Its voice counts. The UK wants to partner with Romania in Brussels to extend and complete the Single Market so that it covers energy, services and the digital economy, to promote Free Trade agreements with Moldova and other EU trade partners, to reduce the burden of bureaucracy and regulation and encouraging new businesses, new jobs and innovation,” Harris wrote.

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