There will be several effects following Brexit over the bilateral relations between Romania and the UK.
In this respect, the entire network of Chambers of Commerce and Industry from Romania will continuously inform the business environment regarding Brexit and will offer support to entrepreneurs in finding solutions to diminish the effects that the exit of Great Britain from the UE will have in their activity, the President of the Chamber of Commerce and Industry of Romania (CCIR), Mihai Daraban, stated, as a press release informs.
He is undergoing a working visit in London during February 12th-15th. On this occasion, Mihai Daraban had a meeting with the Ambassador of Romania in the United Kingdom of Great Britain and Northern Ireland, Sorin Dan Mihalache.
On this occasion, Mihai Daraban underlined the importance of maintaining and consolidating the commercial exchanges between the two countries, emphasizing the stimuli on Romanian exports.
He also appreciated that Brexit will generate both challenges and opportunities in the context of the bilateral commercial relations with UK and that Romania must undertake all the necessary efforts to consolidate the relation with the foreign partner with whom it registers the highest trade balance surplus.
In this context, CCIR President highlighted that the British market is the fifth largest destination for Romanian exports, which have increased during January – October 2017 to a value of over EUR 2.15 billion, as against to the imports from this country which reached EUR 1.4 billion.
CCIR official also brought into discussion the importance of encouraging British investments to Romania, which at this point have a value of EUR 1.7 billion. Thus, UK occupies only the 12th place in the ranking of Romania’s foreign investors.
Also, Daraban mentioned that UK, the sixth national economy worldwide, is among the stable partners of Romania, and highlighted the importance of developing and maintaining such partnership for a sustainable growth of Romania.