The increase in Romanian exports, the balancing of the trade balance and the development of Turkish companies investments in Romania were the main topics the Minister for Business Environment, Commerce and Entrepreneurship, Ştefan-Radu Oprea, addressed in the bilateral talks in Ankara.
Minister Oprea was part of the government delegation headed by Prime Minister Viorica Dăncilă, who was on an official visit to Turkey on Monday.
In the meetings with Mrs. Gonca Yilmaz Batur, Deputy Minister of Commerce, and with the leaders of the Union of Chambers of Commerce, Industry and Stock Exchanges in Turkey, Ştefan-Radu Oprea presented the bilateral relations status and proposed solutions for balancing the trade balance, by increasing the Romanian exports.
The Romanian side invited Turkish companies to invest in Romania, considering the access to the EU market and the good tradition of cooperation between the two business environments. Also, the 20th meeting of the Joint Intergovernmental Commission for Economic Cooperation, which will be co-chaired by Mrs. Ruhsar Pekcan, Turkey’s Trade Minister, was set up by the end of 2018.
“Turkey is Romania’s main export market from the extra-community area. Opportunities are numerous. Talks with President Recep Tayyip Erdogan set as target the exceeding of the 10 billion dollars trading threshold. Also, political green light was given to cooperate on third markets and to encourage Turkish investments in Romania”, said Ştefan-Radu Oprea.
In the first seven months of 2018, Romania’s total trade volume with Turkey was USD 4.06 billion, out of which exports amounted to USD 1.59 billion, and imports totalized USD 2.47 billion.
As at August 31, 2018, 15,312 trading companies with Turkish capital were registered in Romania; the value of their subscribed share capital was equal to USD 708.99 million, or 1.16% of the total capital subscribed by foreign investors. According to the value of share capital, Turkey ranks the 17th in the ranking by country of residence of investors in trading companies with foreign participation, from December 1990 to August 2018, respectively the 3rd in the ranking by country of residence according to the number of companies registered in Romania.
Ministry for Business Environment, Commerce and Entrepreneurship
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