The Dubai Chamber of Commerce and Industry (DCCI) recently received a Romanian economic delegation, headed by Romanian Minister of Commerce, Eugen Dumarescu. The delegation met with businessmen from Dubai with the aim to promote the many business and investment opportunities available in Romania, and to investigate ways to consolidate and strengthen bilateral trade with Dubai in particular and the region in general.
The delegation included representatives from the main commercial sectors in Romania such as investments, construction equipment, building materials, tires, motor pumps, gardening appliances, timber, plastic and chemicals.
According to Dumarescu, Romania is a vital economic hub of Eastern Europe, with 22 million consumers within the Romanian borders. He highlighted that businessmen and investors can also have access to 55 million consumers in the region through Romania due to the free trade agreement, as 2/3 of foreign investments in the region are linked to Romania.
The Minister also mentioned that Romania will sign the accession into the European Union Treaty at the beginning of next year which will mean that it will be even easier to trade with and invest in Romania.
“Everyone looks at Romania as the next centre for commercial and trade opportunities,” he mentioned, explaining that Romania has a five percent Gross Domestic Product (GDP) Growth which makes it a “champion” of economic growth in overall Europe, and it also means that the GDP in Romania is the same as that in the United Arab Emirates (UAE).
Romania is the largest timber exporter to the UAE, and “IT could be the next biggest field for trade between us” the minister said. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
