Romania in search of economic benefits in China

Romania in search of economic benefits in China

 

Review by Christos T. Panagopoulos

Romania’s Minister-delegate for Infrastructure and Foreign Investment Projects, Dan Sova, is attending, September 2-7, a meeting in Beijing of the Romanian-Chinese Economic Cooperation Commission.

The Department for Infrastructure and Foreign Investment Projects reports that Sova is attending the works of the Romanian-Chinese consultative board in the field of transport infrastructure and a plenary meeting of the 23rd session of the Romanian-Chinese Governmental Committee on Economic Cooperation.

The committee will be looking into the latest economic and social developments in Romania and China.
Sova and Chinese leaders will also discuss the latest developments in the approval and coming into force of a cooperation agreement between the Romanian Government and the Chinese Government on intensifying bilateral infrastructure cooperation, as well as the possibilities for actual implementation of the agreement.

The coordinators of the Romanian-Chinese consultative board in the field of transport infrastructure are expected to present their audit reports and proposals for future developments in the bilateral economic and commercial ties will be examined.

During the five-day session Sova is scheduled to meet the management of China’s Commerce Ministry; leaders of Chinese companies including Sinohydro, China Railway 18 Bureau, China Road and Bridge, China Communications Construction Company (CCCC), China Dalian Holding Co., China Civil Engineering Construction Corporation (CCECC), Huawei Cooperation as well as representatives of banking companies, including China Exim Bank and China Development Bank.

In his conversations, Sova will bring up to the attention of the Chinese officials opportunities for the implementation of major investment projects in Romania by Chinese companies.

The previous session of the Romanian-Chinese Economic Cooperation Commission was held in Bucharest in 2012 and it boosted commercial exchanges between the two countries. There are over 10,000 Chinese companies currently running in Romania, while Chinese investment in Romania exceeds 400 million US dollars.

China is one of the main priorities in the Romanian Government’s foreign policy, as mentioned in the 2013-2016 Government Program.

Source: Agerpres