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Turkey, the biggest investor and the most important commercial partner from the non-EU states

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The Chamber of Commerce and Industry of Romania (CCIR) in partnership with the Association of  Turkish Business People of Romania (TCIAD) the Council for Foreign Economic Relations of Turkey (DEIK) and the Embassy of the Republic of Turkey to Romania organised on Thursday 6th September the Business Forum Romania-Turkey with the theme ‘ The Development of the economic and commercial relations between Turkey and Romania in the domain of private public partnerships (PPP)”.

The Business Forum took place on the margin of the  visit to Bucharest of the delegation of business people led by Nail Olpak,the chairman of the Council for Foreign Economic Relations of Turkey (DEIK).

According to the CCIR  chairman Mihai Daraban: ‘ Turkey is the biggest investor, the most important commercial partner of Turkey among the non-EU countries. At the level of 2017, we are talking about a total of the commercial exchanges of 5.1 billion euro, figure which, as the data show, will be surpassed at the end of the year. One of the most important aims of the CCIR is the internationalisation of the Romanian business, especially as regards the markets outside the EU area, where, unfortunately we count too little from a commercial point of view. We rely very much on Turkey especially as it is a country which belongs to the G20. If  we want to have a performant business, to draw much investment, we have to focus on the G20 countries outside the EU area’.

In his turn, Nail Olpak, the chairman of DEIK stated: ‘ One of the purposes of DEIK  is to raise the level of commercial exchanges between Turkey and Romania. We can say that the Black Sea is the country which unites us and we will have to take this neighbourhood situation from the commercial point of view as well. Turkey is ready to share from its experience with Romania, especially through the joint projects in infrastructure which we want to make together’.

The event was attended by H.E.the ambassador of the Republic of Turkey to Romania Koray Ertas,Guven Gungor the chairman of TIAD/vicechairman of DEIK,the Business Council Turkey –Romania and Omer Susli the chairman of DEIK/the Business council Turkey-Romania.

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According to the information offered by ONRC at the levelof July 2018 Turkey is 15th in the ranking of 50 countries of residence for the investors with foreign participation to the social capital. At the end of July of this year, on the territory of Romania there were 15,281 Turkish companies with a total capital of 574.01 million euro.

The economic relations between the two states are at a good level,the target of commercial exchanges being 8 billion euro in the years to come. In 2017 Turkey continued to be the first commercial partner of Romania outside the EU and the fifth partner in total international exchanges of Romania, the sixth partner for exports and the nineth for imports. Romania is one of the important commercial partners of Turkey being 15th for export and 17th for import.

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Monday, September 10, 2018