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Korea Importers Association, Romanian Trade and Industry Chamber sign collaboration memorandum

The representatives of the economic delegation of Korea Importers Association (KOIMA) in Europe and the Community of Independent States signed a collaboration memorandum with the Romanian Chamber of Trade and Industry (CCIR) in Bucharest on Monday.

'The memorandum will lead to a framework of collaboration to further allow new development projects,' CCIR Vice President Nicolae Bacanu said on Monday in the beginning of the Romanian-South Korean business forum, also reiterating the ties existing between the Romanian and Korean chambers of trade and industry and the cooperation agreements signed with an array of business companies.

At the same time, CCIR Vice President stressed the Romanian economic environment is currently 'on an obvious ascending path and Romania, first of all a big country and second of all also rich, is open to collaborations and has very good economic prospects.'

Regarding the Romanian-South Korean economic forum, Nicolae Bacanu said 'this type of business-to-business meetings are extremely welcomed,' and the meeting in question will bring 'a plus in the relations between the two countries'.

In his turn, KOIMA Chairman Ju-Tae Lee said the business meetings are 'an opportunity to speed up the reinforcement of the bilateral trade exchanges focusing mainly on the Romanian main products for export, such as the agricultural products, motor vehicles and industrial equipment, metals, textiles, chemical products, construction materials.'

Ju-Tae Lee noticed that over the past years 'the volume of the reciprocal trade exchanges has fluctuated, while the deficit of the trade balance between the two states has dropped, following the efforts made by the Romanian enterprises.'

According to the information the CCIR released, South-Korean companies want to import from Romania products such as carbon, minerals, industrial cars, ferrous or non-ferrous metals, marble and construction materials, chemical products, agricultural products, food additives, milk and whey powder, polyester and cotton, joint fabrics.

According to the data unveiled by Robert Donose, adviser with the Romanian Centre for Promoting Trade and Foreign Investments (CRPCIS), the 167 South-Korean companies recorded in Romania, own a submitted social capital of 80.98 million dollars and by this criteria, South-Korea ranked 28th in the top of foreign investments, with 0.21 percent out of the total amount.

Sursa: http://www.actmedia.eu

Tags: romanian korean business products south collaboration trade industry korea memorandum

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