“Romania has managed to draw foreign direct investments of over EUR53 billion over the past two decades and in the current economic context marred by economic uncertainty and turmoil, the Government prioritized the diversification of trade exchanges and of the range of investors. Therefore, the trade exchanges with China are a good example in this respect,” Ungureanu told a conference regarding the economic ties between Romania and China.
He said the bilateral ties between the two countries triggered a 36.27% increase of Romanian exports and an 8.24% increase in imports on the year in 2011, with trade exchanges amounting to a total $4.2 billion.
Ungureanu also said that, despite the “complex” economic situation, Romania has managed, though through drastic economic revival measures, to stop its economic decline and resume economic growth at a rate of nearly 2.5% in 2011 and an estimated rate of 1.5% to 2% in 2012.