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Bucharest
January 19, 2021
BUSINESS ECONOMY

Romania, Turkey to cooperate in developing projects in the oil, gas, energy, rolling stock, IT&C sectors

Economic cooperation between Turkish and Romanian business communities can further be strengthened through the joint development of some projects in the oil and gas, hydro power plants, rolling stock, information technology and communication or innovation and research sectors, as discussed during a meeting between Ilan Laufer, Minister for Business Environment, Commerce and Entrepreneurship, and Fatih Memet, Deputy Minister of Economy, of Turkey.

Ilan Laufer and Fatih Memet agreed on the initiation of new projects of economic cooperation and mutual investments, as well as projects meant for the development of the bilateral trade between Romania and Turkey, during a meeting they had on Monday, in Buenos Aires, on the sidelines of the Ministerial Conference of the World Trade Organization, taking place December 10-13, 2017.

“I had a very good discussion with Mr Fatih Memet on how to improve cooperation between the two business milieus. Thus, I asked him for support in concluding an agreement concerning the transit of goods and restrictions against Romanian exports to the Turkish market, especially related to live animals. He assured me that the agreement will be finalized on the occasion of the next session of the joint inter-governmental committee, to take place early next year,” specified Minister Laufer.

The two dignitaries also appreciated the increased level of bilateral trade exchanges, with Turkey being the most important non-EU trade partner of Romania and the 6th global partner.

“We endorse the promotion of direct contacts between the Romanian and Turkish business communities, through participation in economic missions, fairs, exhibitions, seminaries and business forums. Using modern communication platforms existing on Internet reduces costs, facilitates negotiations between companies and accelerates relations between the professional associations and the commerce chambers in the two states. The Minister for Business Environment remains an involved partner for the entrepreneurs who want to invest in Romania,” said Ilan Laufer.

At the meeting, the two also agreed on the successive organization of the meeting of the joint inter-governmental committee for economic cooperation and the bilateral reunion of the business environment (Jetro). The factors that favour the dialogue between the two countries are the strategic geographic position, of proximity at the Black Sea, the similar business practice and cultural ethics, the substantial involvement of the Turkish investors in the Romanian economy, all argument in favour of the development of bilateral economic and commercial relations.

Fatih Memet also voiced his interest in the organization early next year of the 27th edition of the meeting of the inter-governmental committee for economic cooperation, as well as the strengthening of the dialogue in Brussels on the modernization of the customs union, for which he asked for Romania’s support.

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