Turkish companies want EUR 8 bln in bilateral trade by 2012

Turkish companies active in Romania expect to increase trade between Turkey and Romania by 20 percent next year, according to data from the Association of Turkish Investors in Romania (TIAD). Trade between the two countries reached EUR 4 billion last year, down 41 percent on 2008. The amount was equally divided between imports and exports, but the drop on exports was of 34 percent, while the one on imports, down by 47 percent on 2008. After a low 2009, the total Turkish investment in Romania reached EUR 3 billion, according to Omer Susli, head of TIAD. Trade between the two countries is expected to reach EUR 8 billion in 2012.