Publicat pe 05/07/2018

Bucharest, July 4th, 2018: The President of the Chamber of Commerce and Industry of Romania (CCIR) Mr. Mihai Daraban, received yesterday, July 4th, at the CCIR Business Center headquarter, Yasukazu Irino, the executive vice president of Jetro Tokyo (Japan’s Foreign Trade Organization).

During the meeting were debated issues related to the development of bilateral trade relations, the perspective of organizing an economic mission dedicated to the service sector in Romania, and the importance of the EU-Japan free trade agreement.

The President of CCIR, Mr. Mihai Daraban, highlighted Romania’s opening to Japanese investments: “Constanța Port is an important opportunity through its key position in the Black Sea. This objective can become an important logistics platform for the movement and storage of goods brought from Japan to the Romanian market and to Europe.

“The Constanța port region offers all the facilities needed to develop a production unit in the automotive industry, ensuring openness to Central and Eastern Europe and beyond. Such a project can be feasible given the potential relocation of such production facilities in the context of Brexit, “said President Mihai Daraban.

The president of CCIR proposed the organization of a delegation of Japanese businessmen to visit Romania in the margins of the international fair INDAGRA 2018, organized in Bucharest by Romexpo.

Mr. Yasukazu Irino mentioned that Jetro is considering organizing an economic mission in Romania in November, involving 20 Japanese companies with a strong interest in Constanța Port. Also, Mr. Yasukazu Irino stressed the importance of the EU-Japan Economic Partnership Agreement, which will help to strengthen trade relations with the European community and, including, Romania.

“We are interested in bringing to the Japanese market a series of Romanian products such as wines, agricultural products, and agri-food”, added Mr. Yasukazu Irino.

Background

According to the information provided by the ONRC, in May 2018, Japan is ranked 25th among the top 50 by country of residence of investors with foreign participation in the share capital. At present, 358 companies with Japanese capital are active on the Romanian territory, with 187.44 million euros (source: ONRC) Japanese subscribed capital.