Romania's EU accession will be beneficial to Romanian-Chinese relations, Romanian Minister of Economy and Trade Varujan Vosganian said on Monday during a meeting with Chinese ambassador in Bucharest Xu Jian.

 

The two sides presented the latest economic evolutions of the two countries and analyzed the stage of economic cooperation and bilateral trade, the need to increase the Romanian exports and the boost in mutual investment.

 

They also spoke about the implementation of projects in road infrastructure and telecommunications fields, according to the Ministry of Economy and Trade.

 

Vosganian appreciated the ascending trend of bilateral trade with China, the main player in Romania's policy to develop relations with Asia.

 

The Romanian official expressed Romania's permanent concern to reduce the negative trade balance and recalibrate the trade by promoting Romanian exports on the Chinese market and increase the number of Chinese economic missions expert in buying Romanian products.

 

In 2006, China was Romania's main commercial partner in Asia, the total value of bilateral exchange reaching US$2.47 billion, according to Romania's official statistics. Romanian imports represented US$2.22 billion, while exports accounted for US$248 million.

 

(Xinhua News Agency March 20, 2007)