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13 April 2021
International trade News

Bilateral meeting between Ștefan-Radu Oprea and Peter Altmaier, Germany’s Federal Minister for Economic Affairs and Energy

The priorities of the Romanian Presidency of the Council of the European Union and promoting German investments in Romania were the main topics discussed during minister Ștefan-Radu Oprea’s bilateral meeting with his German counterpart, Peter Altmaier, Federal Minister for Economic Affairs and Energy. The meeting took place on Thursday in Bucharest, in the margins of the informal meeting of ministers for trade, that takes place between February 21 and 22, 2019. The two ministers addressed the current issues related to trade policy, with the main priorities as negotiations between the European Union and the United States of America and the modernization of the World Trade Organization (WTO).

Additional topics of discussion were related to the general investment climate in Romania, investment conditions for German investors in Romania, as well as the development of German investments in Romania and their contribution to the Romanian economy. The two officials expressed their support for strengthening trade relations between Germany and Romania through activities aimed at promoting future cooperation and for taking advantage of existing opportunities, for example through the German-Romanian Cooperation Council.

Germany is an important trade partner for Romania, trade between the two countries reaching EUR 30 billion in 2018, an 11% YOY increase.

On Friday, February 22, trade ministers of EU member states will meet at the Palace of Parliament to discuss WTO modernization, EU-US trade relations, EU’s ongoing trade negotiations and latest developments relating to the “Everything But Arms” initiative.

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