ForMin Baconschi discusses in London boosting bilateral trade, UK investment in Romania

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Romanian Foreign Minister Teodor Baconschi and his UK counterpart William Hague discussed in London actual ways of boosting bilateral trade between Romania and the UK and the UK investment in Romania, confirming a rising trend of the investment in the past two years.

The Romanian Foreign Ministry (MAE) reports in a press release that Baconschi’s UK visit allowed for a comprehensive review of the latest developments in bilateral cooperation and cooperation in Europe and elsewhere in the world in order to consolidate and increase the dynamics of the Romanian-UK strategic partnership.

‘We have an ambitious, very dynamic cooperation agenda that reconfirms the objectives of the strategic partnership between our countries. I am optimistic that these objectives will reflect this year on robust economic exchanges and new investment projects to boost the competitiveness of the Romanian economy,’ Baconschi is quoted as saying in the release.

In relation to the European priorities of the two countries, common objectives were assessed within the EU agenda for economic growth and increased competitiveness and the position on the post-2013 European financial perspective. Both countries are championing the materialisation of the internal market, the promotion of competitiveness and innovation and support for the business community.

The two ministers voiced support for the regional initiatives of the European Union designed for the Western Balkans and the Eastern Neighbourhood, particularly the Eastern Partnership. In this context, Baconschi underscored the progress made by the Republic of Moldova on its European path and asked the UK for support for the European projects designed for Moldova.

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