BusinessMin Oprea: Romania set to reach $10-bln bilateral trade target with Turkey

Romania is set to reach the bilateral trade target of 10 bln US dollars with Turkey, compared to nearly 7 bln US dollars at the end of 2018, Minister for the Business Milieu, Commerce and Entrepreneurship Stefan Oprea told a Romania – Turkey business forum on Friday.

Oprea pointed out that Turkey is a strategic partner to Romania, its most important non-EU trade partner.

“The dynamics of the world economy invites us to capitalize at a faster pace on the opportunities created by the economies of our states, in conjunction with our geographical position. We aim to attain the $10-bln mark in bilateral trade, based on the political signal given at the October 2018 meeting of Prime Minister Viorica Dancila with President Recep Erdogan. We want to reach this goal while keeping an even trade balance. The volume of commercial exchanges was near 7 billion US dollars at the end of 2018,” Oprea said.

He mentioned that the main fields of interest for Romanian business people in Turkey are energy and energy equipment, petrochemistry, household appliances, automotive components, rolling stock, the food industry, building materials and tourism.

There are 15,433 companies with Turkish capital in Romania, with a paid-in capital of 516 million euro, while direct Turkish investments amount to 520 million euro.


PM Dancila hails trend of bilateral economic relations in meeting with Turkish Trade Minister Pekcan


Prime Minister Viorica Dancila had a meeting with Turkish Trade Minister Ruhsar Pekcan on Friday, who is on a visit to our country, an occasion to highlight the importance of capitalizing on the growth potential of the bilateral trade, reads a Government’s press release.

Dancila welcomed the evolution of the bilateral economic relationship and the common interest in dynamizing the trade exchanges, which are on an ascending trend.

At the same time, the Prime Minister expressed her satisfaction with the joint decision to organize in the near future the meeting of the Joint Intergovernmental Commission for Economic Cooperation, as well as with the signing, together with the Romanian Minister of Business Milieu, Commerce and Entrepreneurship, Stefan-Radu Oprea, of the regulation on the organization of a bilateral dialogue mechanism with the participation of the business milieu.

“At the same time, she stressed the importance of the technical dialogue to ensure the efficiency of the commercial activity between the business operators and drawing investments”, informs the Government.

Related posts

German business community expects new government to enact stable economic policies

Nine O' Clock

Monetary policy had an anti-cyclical conduct before and after the crisis, Isarescu says

Final electricity consumption up 3.6pct in January-October 2016

Nine O' Clock