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Trade exchanges between Romania and the Arab Emirates grow twice in first nine months of 2011

The bilateral trade exchanges between Romania and the United Arab Emirates (UAE) increased by almost 100 percent in the first nine months of 2011 from the same period of 2010, amounting to a total of almost 430 million dollars, according to a release issued by the Romanian Ministry of Economy, Trade and the Business Environment (MECMA).

Thus, the United Arab Emirates is Romania's first trade partner in the Middle East. In 2011 new Romanian products entered the market of the United Arab Emirates such as pharmaceuticals, plastic materials, leather ware and electrical household appliances and new products, such as chemicals, entered the Romanian market.

Romanian Minister of Economy Ion Ariton met the Minister of Foreign Trade of the United Arab Emirates, HE Sheikha Lubna bint Khalid bin Sultan Al Qasimi, during an official visit paid by the Romanian delegation to the UAE.

The partners participating in the dialogue agreed on Romania having an extremely high potential for producing and exporting food. In this context the companies in the UAE can benefit by the advantages of the investments in food producing facilities in Romania, which should afterwards be turned to account on the Arab market.

On Monday Minister Ion Ariton also met Minister of Energy of the United Arab Emirates Mohamed Bin Dhaen Al Hamli.

Romania and the United Arab Emirates could cooperate in extracting and turning hydrocarbons to account, according to MECMA. The Arab officials remarked the expertise of the Romanian experts in this field as well as in responsibly using electric power and drinkable water.

Sursa: http://www.actmedia.eu

Tags: emirates romanian united first trade romania

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