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B I L A T E R A L R E L A T I O N S A F T E R T H E C O L D W A
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Turkey - Romania
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Countries with a common past, belonging to thesame geographic
space and sharing cultural values,Turkey and Romania have relations
based on a long
past, based on mutual respect. In recent years, traditional
cooperation between
Romania and Turkey has strengthened, contributingto regional
stability and world peace, as allies and
partners.
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Today, Romania and Turkey are NATO allies,partners in the
cooperation development policy atthe Black Sea and partners in
vital projects for the
energetic security of Europe. In the process of accession to
NATO Turkey was one
of the strongest supporters of Romania.
Today, Romania is one of the greatest supporters in
Turkeys road to join the European Union.
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After 1989, economic and commercial relations havedeveloped,
trade increasing significantly after thesigning of the Free Trade
Agreement in 1997 andRomanias EU integration in 2007.
The total volume of trade equaled 4 billion euros in2006, 4.8
billion euros in 2007, 5 billion in 2008,2.9 billion euros in 2009
(-41.6% vs. 2008) and 4.3
billion (+47.2% in 2010 compared to 2009).
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Since 2004, Turkey became Romanias 5thcommercial partner, after
Germany, Italy, Franceand Hungary.
Turkey is Romanias first commercial partneroutside the EU and,
since 2008, the 3rd exportpartner.
For Turkey, Romania is the main economic partner
in the Balkans and the second in the Black Sea region(the 11th
market for exports and the 12th for imports).
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Romania and Turkey collaborate in strategic projectsin the
energetic area, such as construction of theNabucco pipeline to
bring gas from the Caspian Searegion, the submarine power cable
betweenConstana and Istanbul, the exploitation of gas fromthe
Turkish Black Sea economic zone Akcakoca andthe construction of
hydropower plants in Turkey.
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Turkey is an important investor in Romania, as ofDecember 31,
2010, 12 036 companies wereregistered in Romania with Turkish
capital, with atotal invested capital (direct investment) of
433.1million euros (531.3 million dollars), being the 14thin the
top of the foreign investors.
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The main areas in which Turkish firms have investedare banks and
insurances, industry (food,electronics, textile, manufacture of
bearings),shopping centers, hotels, logistic parks, residential
and office buildings. GarantiBank, Fiba Holding, Nokta,
Erdemir,
Kastamonu Entegre,Arcelik, Kombassan, Dogan,Superlit, Pinat
Gida, Unver Muharrem, Eregli Demir
ve Celik, Ak- Al Tekstil, Garanty Gayrimenkul andServus
Bilgisayar AS are among the most importantinvestors.
