The Romanian Ministry of Foreign Affairs (MAE) hails the 50th anniversary of diplomatic relations at embassy level between Romania and the Lebanese Republic.
“The relations between the two countries have constantly developed in this period, even amid tough regional conditions, such as the 15 years of war in Lebanon between 1975 and 1990, or the ongoing Syrian conflict, which affects seriously the situation in Lebanon,” MAE informs in a release sent to Agerpres.
According to MAE, the Lebanese business people top the ranking of the Arab investors in Romania, and the bilateral trade exchanges reached the all-time high of 366 million dollars on Oct. 30, 2014 (ranking second were Romania’s exchanges with countries in the Middle East). Lebanon is an important bridge for directing the Arab investments, especially from the Gulf region, towards Romania.
Throughout time, about 5,000 Lebanese citizens have attended university programmes in Romania; there are nearly 1,200 Romanian citizens currently living in Lebanon, the source says.
Romania and Lebanon established diplomatic relations at embassy level on January 6, 1965.
After 1989, the bilateral political dialogue registered high dynamics, resulting in several official visits to Beirut and Bucharest.
Following Romania’s accession to the EU, the overall judicial framework of the bilateral economic relations is based on the EU-Lebanon Association Agreement (signed in January 2002, and entered into force on April 1, 2006). A new EU-Lebanon Action Plan was negotiated in 2012 and came into force as of 2013.