ForMin Diaconescu: China prefers medium and long term projects

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China can support the Government in Bucharest against the background of the economic crisis, Foreign Minister Cristian Diaconescu, paying 3-day official visit to Beijing, said Monday.

„China can definitely help the Government in Bucharest, by initiating projects. As the preliminary dialogue shows, the availability of the Chinese side is total from this viewpoint. All we need is serious projects and observance of these projects, as the Chinese side prefers the medium and long-term ones,” Diaconescu explained.

Diaconescu’s visit to Beijing is occasioned by the anniversary of 60 years of Romanian- Chinese diplomatic ties.
Diaconescu will hold talks with his Chinese counterpart Yang Jiechi over bilateral issues and international matters and will also meet with other officials.

On October 5 Romania and China celebrate 60 years of diplomatic ties.
The traditional friendship relations between the two countries have a positive evolution, promoted through high level meetings and signing of bilateral economic, social and cultural documents.

Several Romanian presidents visited China: Ion Iliescu on January 14-16, at the invitation of Yang Shangjun, followed by an unofficial visit in Southern China in 1994;

official visit in 2003, at the invitation of his counterpart Hu Jintao; President Emil Constantinescu visited China on September 8- 12, 1997; incumbent President Traian Basescu paid official visit to China on March 27-29 at the invitation of Hu Jintao.

Romania was visited by Chinese Presidents Jiang Zemin (1996) and by Hu Jintao (2004). The latter signed with President Basescu in 2004, the joint Declaration of Romania and China on the establishment of an extensive friendship and cooperation partnership.

The economic ties between the two sides are set by the Economic and Commercial Accord (1994), the Accord on avoiding double imposition and prevention of fiscal evasion (1991) and the Accord on mutual promotion and prevention of investment (1997).

China is Romania’s largest Asian economic partner, ranking 2nd in terms of export and 1st in terms of import.

On December 3 1st, 2008, the total volume of trade stood at 3805.45 million US dollars, of which export accounted for 270.17 million US dollars and import for 3535.28 millions US dollars.

At the same date, there were 9432 Chinese companies and Romanian-Chinese joint ventures, with the value of Chinese investment in Romania being 330 million US dollars (17th in the classification of countries that invested in Romania).

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