In November 2013, Bucharest, the capital of Romania, was the host of the third edition of the China – Central and Eastern Europe Economic Forum.
Chinese Premier, Li Keqiang and homologues from 16 countries Central European and Eastern Europe, 1,000 representatives of private companies and state gathered in Bucharest to discuss, negotiate and conclude important agreements, under the supervision of the European Union.
The Bucharest Forum had five major themes: energy, agriculture, tourism, IT & C and infrastructure.
Chinese and Romanian officials signed 13 agreements that will stand at the basis of the future Chinese investment, unofficially estimated at over 8.5 billion euros, according to the news agency Mediafax. Currently, China is almost nonexistent on the exports from Romania.
Romania and China signed cooperation agreements for the establishment of a joint technology park and retaking of the export of cattle breeding and pork to China, and several cooperation documents on energy, including aeolian, nuclear and thermoelectric.
The Chinese Prime Minister, Li Keqiang, has stated that “Romania is the Europes granary and this makes us to have the confidence in dealing with you. We want to buy as much meat as you can give us”.
But the biggest investments will be in IT and energy. At the Government has been signed a Letter of Comfort for Tarnita-Lapusesti hydro, an investment of nearly 1.2 billion euros, which would generate 4,000 jobs.
In the next five-year plan follows the construction of Cernavoda reactors no. 3 and no. 4, worth 6.5 billion euros, plus a new energetic group at Rovinari in amount of 500 million euros.
According to data provided by the Beijing Ministry of Commerce the commercial trade between China and Romania amounted to 3.27 billion dollars in the first 10 months of this year.
The discussions at Bucharest ended with promises for a closer cooperation between China and the countries of Central and Eastern Europe in areas such as road and rail infrastructure, energy, agriculture, tourism and communications.
Chinese Premier Li Keqiang said China’s trade with countries in the region should be doubled in the next five years.