Romania, partner countries sign Bucharest Statement by Black Sea Economic Cooperation Organization

The Romanian authorities and the officials of the Black Sea riparian states adopted the Bucharest Statement by the Black Sea Economic Cooperation Organization, said Romanian Ministry of Economy, Trade and Business Environment (MECMA) State Secretary Karoly Borbely.

‘Today it has been adopted the Bucharest Statement accepted by the experts of the BSECO countries. The Statement grants political support and encourages the Black Sea riparian states to cooperate better and continue their joint projects and to contribute to the development of the commercial exchanges aimed at overcoming the economic crisis,’ State Secretary Karoly Borbely pointed out.

The meeting of the economy ministers of the Black Sea Economic Cooperation Organization (BSECO) member states happened in Bucharest and approached the topic of the Consolidation of the Regional Partnership – Key Element in the Economic Development of the Black Sea Area.

The event took place in the context of Romania’s BSECO chairmanship in office, in the first half of 2011, and it is the first ministerial meeting in this format, since the Organization has been set up.

According to Romania’s Ministry of Economy the development of the Romanian foreign trade reveals that the BSECO member states represent a zonal, strategic commercial partnership, holding 18.6 percent of Romania’s total exports and 14.6 percent of its total imports, in 2010.

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