Romania – an attractive market for Chinese investors
Publicat pe 08/12/2017
December 7th, 2017: The Chamber of Commerce and Industry of Romania (CCIR) organized, in partnership with the Zhejiang Provincial Committee of the Chinese International Promotion Council (CCPIT), Romania-Zhejiang Business and Investment Forum, China. The event took place on Thursday, December 7th, 2017, at Intercontinental Hotel and was marked by the generous presence of over 85 Romanian companies that have entered into dialogue with over 60 of the most relevant Chinese companies.
Ms. Paula Pârvănescu, State Secretary at the Ministry of Business, Commerce and Entrepreneurship, said: “Romania is indeed an open gate for everything that means investment and commerce, including China, and we want to climb higher concerns trade relations. (…) We are working on a catalog of greenfield and brownfield projects. We want to promote them first and foremost through all the economic advisers and embassies of any investor who wants to come to invest in our country. These projects are identified in the former industrial areas, where there really is a need for revitalization, and I refer also to hospitals and infrastructure projects, recreational or accommodation projects. We are very interested in investing in these areas.”
H.E. Mr. Xu Feihong, Ambassador of the People’s Republic of China to Romania, stressed that: “Romania and China have a long tradition of very good relations. In recent years, relations between China and the countries of Central and Eastern Europe have seen strong growth. (…) The trade component is an important part of the development of cooperation between the two countries. It should be noted that during the first nine months of this year, trade exceeded 4.1 billion dollars, an increase of 13.7%. (…) Strengthening mutual collaboration for development in all areas is of great utility in promoting relations between our countries. Romania is an important country within the EU, also in the Central and Eastern Europe.”
Mr. Gheorghe Seculici, Vice President of CCIR and President of Arad CCIA, spoke about the importance of this event to strengthen cooperation between the People’s Republic of China and the Central and Eastern European countries: “China is an example to follow in terms of economic development and efficiency and CCIR engages in active programs to support existing economic relations and strengthen bilateral relations with China, one of the most relevant markets in the world, as well as a valuable source of investment. The Chinese market is very important for Romania not only because of the total turnover, which reached 4 billion Euro in 2016 and 2.9 billion Euro in the period January-August 2017, but mainly because of the absorption capacity of the Romanian goods.”
Ms. Wu Guiying, President of the Chinese Council for International Trade Promotion in Zhejiang Province, spoke about promoting and deepening collaboration under the “One Road, one road belt” initiative. Ms. Guiying said that: “to strengthen the economic and trade relations between Romania and China, today is the delegation of Zhejiang province. (…) CCPIT aims to promote international trade and investment. To date, the Zhejiang Province Council has initiated collaboration with 162 countries. Romania is a very important country within the One Road, one belt initiative, a member of the World Trade Organization, the IMF and an important member of the EU. We are also interested in some products that are in Romania, but also in wines, which are beginning to get more and more into the Chinese market. (…) To bring a new impetus to economic collaboration, we organized this activity for knowing and developing collaboration.”
Zhejiang is China’s fourth-largest province as economic, with a gross domestic product value of nearly $ 700 billion in 2016. One of the most important cities of this province is Ningbo, the city designated by the Chinese state to coordinate the collaboration strategy between R.P. Chinese and central and eastern European countries.
The forum was attended by companies from the following fields: energy, IT, construction, import-export, food industry, metallurgy, road infrastructure, urban design, lighting equipment, automotive, pharmaceutical, petrochemical, medical and electronics, textiles, tourism, plastics, logistics and transport, toy production, on-line commerce, stock market operations, financial services, etc.