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April 12, 2021
ECONOMY FINANCE&BANKING INVESTMENTS

Turkish ambassador in Bucharest: Our target is USD 10 bln in trade with Romania

A value of USD 10 billion in trade between Romania and Turkey is one of the Turkish officials’ objectives in Romania, ambassador of Turkey to Romania Osman Koray Ertas told an event organised on Thursday by the Turkish Business People Association in Romania (TIAD).

Ambassador Osman Koray Ertas referred to a previous high attained by bilateral trade at USD 8 billion, but added that there has since been a decline that took the figure to approximately USD 5 billion.

According to him, globalisation is one of the drop factors.

We are strongly determined, our target is to attain USD 10 billion. We strive for it. A broad field is provided by agriculture and animal breeding. It is a very important field for the Turkish investors. Romania’s first cutting-edge slaughterhouse was established by Turkish investors, as well, important investments were done in the heavy machines sector. (…) Although at the beginning we were preoccupied by the cattle import, we are currently thinking of importing sheep as well, added the Turkish ambassador, noting that Romanian exports of frozen sheep meat and live cattle to Turkey were greenlighted last year.

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