BUSINESS

Romania – Turkey bilateral trade to reach USD 10 bln

Turkey is Romania’s most important partner outside the EU in what concerns bilateral trade and economic collaboration. In 2014 Turkey was 5th on the list of main destinations for Romanian exports, and 11th on the list of main sources of Romanian imports. In this context, as well as that of the potential for economic collaboration, including the creation of mixed companies, Bucharest hosted an important bilateral meeting. A meeting between Romanian Economy, Commerce and Tourism Minister Mihai Tudose (photo)  and Gulay Dalyan, Chairman of the Romania – Turkey Friendship Group. Istanbul MP Gulay Dalyan is the head of a Turkish Parliament delegation visiting Romania. Osman Koray Ertas, Turkey’s Ambassador to Bucharest, also took part in the meeting.

The communiqué issued by the Ministry of Economy, Commerce and Tourism (MECT) points out that Minister Mihai Tudose relayed to the Turkish delegation the Romanian side’s desire to intensify bilateral economic relations in the industrial and tourism sectors, domains in which Romania can benefit from Turkey’s experience. In this context, Gulay Dalyan, the Chairman of the Romania – Turkey Friendship Group, invited Minister Mihai Tudose to visit Ankara or Istanbul at the head of a delegation of Romanian businessmen, in order to continue the talks started in Bucharest and to implement the jointly agreed decisions. At the same time, the intent is to use this occasion to organize a bilateral economic forum in which as many representatives of the Turkish and Romanian business sectors as possible would take part.

On 30 November 2014 the value of Romanian-Turkish bilateral trade surpassed EUR 3.948 bln, of which exports surpassed EUR 2.158 bln and imports surpassed EUR 1.790 bln.

The trade balance favoured Romania by EUR 368.3 M. According to the estimates, the total investments made by Turkish companies in Romania, both directly and indirectly (through companies registered in other states), surpass the sum of EUR 4 bln (USD 5.5 bln).

 

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