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photo source: madr.ro
photo source: madr.ro

Qataris to invest in the Romanian agri-food sector, plan to open a trading company in Bucharest

The agri-food sector in Romania draws the Qatar investors’ attention who have expressed their intention to open a trading company in Bucharest after the Agriculture Minister Petre Daea recently had a meeting with Abdulla bin Nasser Al-Hemaidi, Qatar’s Ambassador to Romania.

On this occasion, Petre Daea assured the Qatari businessmen that there are investment opportunities in the local agri-food sector, because Romania has surplus products that have to be exported. However, they should be processed.

”You can find partners in our country to establish long-term business relationships,” Romanian Agriculture Minister stated.

Also, the ovine sector is another area with investment potential as not only meat and cheese, but also wool or skins can be exploited.

In this context, Petre Daea presented the Ministry of Agriculture and Rural Development (MADR) initiative to support sheep farmers to sell wool, a program that has been running as of this year.

According to statistics published by the Ministry of Foreign Affairs, Romania’s exports to Qatar amounted to USD 39 million in November 2015, while imports to USD 17.85 million.

Romania exports mainly: food, furniture, clothing, textiles, tires, chemicals, plastics and materials, industrial equipment and imports from Qatar crude oil and petrochemical products.

About Anca Bernovici