Turkey, key investor for Romania
Publicat pe 16/02/2018
Bucharest, February 15th, 2017: The President of the Chamber of Commerce and Industry of Romania (CCIR), Mr. Mihai Daraban received, at CCIR Business Center, on Thursday, February 15th, a Turkish official delegation made of Mr. Ahmet Aydin, Vice-President of the Republic of Turkey, Mr. Erdogan Ozegen, Member of the Parliament of the Republic of Turkey and H.E. the Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Romania, Mr. Osman Koray Ertaş.
The President of the CCIR talked about the value of the bilateral trade, which reached 4.168 billion EUR, by October 2017: “(…) Turkey is a key investor for Romania, having a total share of FDI (foreign direct investment) of 0,7%, reaching about 450 million Euros”.
At the same time, Mr. Daraban recalled the visit to Romania of H.E. Mr. Recep Tayyip Erdoğan, President of the Republic of Turkey, held in April, 2015: “The visit of President Recep Tayyip Erdoğan to the CCIR Business Center has been a real success, providing a major boost to both bilateral and investment exchanges. Also, the presence of the President of Turkey came as a reconfirmation of the good relations of cooperation between our countries and an incentive for the Turkish businessmen”.
Mr. Ahmet Aydin, Vice-President of the Parliament of the Republic of Turkey, consider Romania as a friendly nation of Turkey and an important trading partner. Mr. Aydin said: “I believe that the potential for bilateral relations development is very high and that is why I want the trade between our countries to be steadily rising”.
Economic relations between the two countries are at a good level, with trade targets of 8 billion Euros in the coming years. In 2017, Turkey continued to be the first trading partner of Romania outside the EU and 5th partner in the total international trade of Romania, respectively the 6th export partner and the 9th importing partner. Romania is one of Turkey’s major trading partners, ranking 15th on export and 17th on import.
According to the information provided by ONRC, in December 2017, Turkey is ranked 15th among the top 50 by country of residence of investors with foreign participation in the share capital.