UAE, Romania discuss trade, investment opportunities

UAE Minister of Foreign Trade Shaikha Lubna Al Qasimi has discussed strengthening cooperation, partnership, economic and trade ties with a delegation from Romania, as well as available investment opportunities between the two countries. She spoke to Dan Petre, Romania’s Secretary of  State, and his accompanying delegation. Abdullah Al Saleh, Undersecretary of the Ministry of Foreign Trade, was also present on the occasion. Shaikha Lubna commended the growth witnessed in UAE-Romanian economic relations and the rates of trade exchange between the two countries. She invited Romanian companies to benefit from the business and investment facilitaties offered by the UAE and from the country’s advanced business climate and logistical capabilities, adding that the UAE enjoys a geographic location that is very conducive to investments and businesses vying for international access. Petre said that he was happy with the development of relations and existing economic and trade partnership channels with the UAE, which he described as a country that enjoys an advanced regional standing. He also invited Emirati investors to explore investment opportunities in Romania through increasing their communications, discussions and meetings with their Romanian counterparts, especially with regards to establishing projects in communication technology, ports administration and logistical support sectors in Romania. Shaikha Lubna pointed out promising investment sectors in the country such as renewable energy, food investments, communications, information technology, and advanced industries. She also welcomed the visiting delegation and briefed them on the volley of advances witnessed by the UAE economy, starting from the country’s attainment of an advanced position in the international economic scene to the development and refinement of its investment and economic legislations, which are, she said, among many other factors that have contributed towards elevating the UAE’s status into one of the world’s most competitive countries in multi-sectoral foreign investment attraction. Shaikha Lubna also pointed out that the UAE has witnessed a noticeable advancement in its global trade standing, becoming an advanced regional and international re-export hub. Trade between the two countries has achieved a noticeable increase of 16 per cent from 2010 to 2011. From : Khalij