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April 12, 2021
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Romania could become economic bridge between Europe, Asia, say EcoMin Petrescu, Chinese ambassador Xu

Romania could become an economic bridge between Europe and Asia, with the acceleration of implementation and materialisation of projects suggested for areas such as energy, agriculture, food industry, tourism and winning over Chinese companies for partnerships with Romanian industrial companies being all premises for intensifying the traditional bilateral ties between the two countries, according to Romania’s Economy Minister Alexandru Petrescu and Chinese ambassador in Bucharest Xu Feihong.

In a press statement released by the Economy Ministry, Petrescu and Xu are quoted as having discussed on Tuesday a pragmatic deepening of cooperation between the two countries, “which should benefit from the maturity and the ever-changing complexity of the multilateral juridical framework between the European Union and the People’s Republic of China.”

“The tradition of our relations motivates me to wish for a pragmatic approach of bilateral projects, to wish for a materialisation of the talks we have had in achievements that will positively impact the business environments of Romania and China, and I can assure you that you will find in me a constant partner for dialogue,’ Petrescu is quoted as saying, and adding that the new Romanian Government will concentrate its economic policies on innovation and development, similarly to the Chinese Government, thus creating a confluence point for the economies of the two countries.

He also mentioned the dynamics in the bilateral economic ties between Romania and China, given that China is Romania’s number one trade partner in Asia, in terms of both imports and exportst while also being a priority partner in Romania’s developing relations with Asian countries.

Petrescu also pointed to a rising trend in bilateral trade, which totalled 4,56 billion US dollars in 2016, including 729.49 million US dollars’ worth of Romanian exports and 3.83 billion US dollars’ worth of Chinese imports.

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