49.6 percent growth of trade between Romania and China in first 8 months 2010

The value of the trade between Romania and China over January-August 2010 increased by 49.6 percent from the similar time span of the previous year, amounting to 2.44 billion dollars, Liu Zengwen, China’s Ambassador to Romania, told the Romanian-Chinese Forum.

„I am sure that the trade relations between Romania and China will develop to a large extent. After 61 years of history between our countries the economic relations developed again. The trade between the two countries developed continuously in a stable way. Over January-August 2010 the bilateral relations resulted in 2.44 billion dollars, which is a 49.6 percent growth.
Imports also amounted to 500 million dollars. Romania is an important partner of China in Europe,” said Liu Zegnwen. The Chinese official also added that currently the Chinese investments in Romania were worth 400 million dollars.

In mid-July economic and trade counsellor of China’s Embassy in Bucharest Liu Qiwei said that Romania was the fourth most important trade partner of China in the area of Central and Eastern Europe and the bilateral cooperation potential was still huge, the most attractive fields being the production of home appliances, telecommunications, logistics, but also infrastructure and energy.

According to the official data, Romanian exports to China grew three times in March 2010 from the same month of the previous year. China is the 16th in the classification of foreign investors in Romania, with a volume of investments amounting to 635 million dollars.
The Chamber of Commerce and Industry of Romania on Friday, in Bucharest, organized the Romanian-Chinese business forum on the visit paid to Romania by Wan Jifei, chairman of the China Council for the Promotion of International Trade.

The delegation of businessmen accompanying the Chinese official includes 24 representatives of the business environment and the main fields of activity of the participating companies are the following: banking, insurance, asset management, IT&C (hard and soft), electronic and electric items and products, textiles, ready-made clothes, cars, wood and wooden products, metallurgical products, coal, environment protection, research, development, innovation, investments and general trade.

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