Romania and Japan will further develop economic bilateral relations
Earlier this week, Romania's president Klaus Iohannis signed in Japan the Strategic Partnership between Romania and Japan. From now on, the two countries are expected to further develop economic relations and boost cooperation in such fields as energy, research and investment. The decision to create this partnership was taken five years ago as part of talks held in Bucharest between president Iohannis and Japan's Prime Minister at the time, Shinzo Abe. This is Romania's second strategic partnership with an Asian state, after South Korea.
According to the Presidency, Romania wants to capitalize on Japan's status as a major innovative global economy and one of the world's top investors. There are 397 enterprises with Japanese capital in Romania, currently accounting for over 40,000 jobs. The growth potential is significant, including in fields with a high degree of innovation such as the development of small modular reactors (SMRs) jointly with the United States, producing and distributing green hydrogen, producing high-power optics, state-of-the-art infrastructure or finalizing the M6 subway line in Bucharest.
"Japan is Romania's biggest investor from Asia. We also want to see a substantial increase in Japanese investments in our country. We appreciate the constructive approach of Japanese companies operating on the Romanian market, with the observation of sustainability principles", the Romanian president said after signing the document. Klaus Iohannis also said that the contribution of Japanese companies to complex infrastructure projects such as the construction of the Danube River suspension bridge in Brăila, southern Romania, is a good example in this respect. The bridge is the largest of its kind in Romania and the third-longest in the EU. "We encourage Japan to continue to get involved in connectivity projects that are relevant not just to Romania, but to neighboring states as well", president Iohannis added. In turn, Japan's Prime Minister, Fumio Kishida, said that Japan is eager to work with Romania as strategic partners to further cooperation in various fields, including security, economy, science, technology and culture. As part of his visit to Japan, president Klaus Iohannis also visited Kyoto, where he met with local authorities. "I hope Kyoto will soon be able to sign a twinning agreement with a town in Romania, in order to capitalize on the untapped human and economic potential of our communities", the Romanian official said. (VP)
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