Abu Dhabi: Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade has discussed strengthening cooperation, partnership, economic and trade ties with Romania, as well as available investment opportunities between the two countries.
The meeting was held today at the Ministry of Foreign Trade’s headquarters in Abu Dhabi, where she received Dan Petre, Secretary of State of Romania and his accompanying delegation, in the presence of Abdullah Al Saleh, Undersecretary of the Ministry of Foreign Trade.
Sheikha Lubna welcomed the visiting delegation and briefed them on the volley of advances witnessed by the UAE economy, starting from the Country’s attainment of advanced positions 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.
The Minister 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.
Sheikha Lubna also 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 facilitations 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.
The Minister pointed out to a number of promising investment sectors in the country such as renewable energy, food investments, communications, information technology, and advanced industries.
For his part, the Romanian Minister said that he was very 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, calling on 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 the telecommunications, technology and research, ports administration and logistical support sectors in Romania.
Trade between the two countries achieved a noticeable increase of 16 percent from 2010 to 2011.