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Last Updated:[02-12-2010 03:42:33 EDT] Zoom in Zoom out Back to Tradenews

Romania to Export Power to Syria and Turkey via Marine Lines

tradenews The Romanian Ambassador Daunt Florin Sandovici while in Damascus announced that both Romania and Syria were planning to conduct commercial viability study of a marine line in the Black Sea for exporting electric power from Romania to Turkey and Syria. The new avenues of economic co-operation between both sides seemed to have become stronger after Syrian President Bashar Al-Assad paid a two-day visit to Romania last month.

Sandovici revealed along with the marine power lines the two sides were currently discussing nine other agreements which would be likely signed next year during the forthcoming meeting of the Syrian-Romanian Joint Economic Committee in Bucharest. He pointed out that during President al-Assad’s visit to Romania six deals were signed including education, science, culture, combating organized crimes and environment protection.

It should be recalled, the Syrian president during his visit to Damascus had stressed on developing a transport infrastructure to connect Damascus to Lebanon, Iraq and Turkey, underscoring Syria’s attention was currently focused on the Black Sea region. Bashar Al-Assad also had highlighted the opportunity of developing maritime routes as well as building a railway network in the Black Sea area, interconnected with that of Syria.

The new joint venture of marine power lines has to be construed as an effort from both nations to enhance their commercial relations which is triflingly low as of now. On June 30, 2010, trade exchanges between Romania and Syria stood at around $80mn, out of which about $3mn were in imports and $77mn in exports.

Romania exports to Syria cars, petrol refinery equipment, engineering equipment, fertilizers, meat and animals while latter exports to the former fruits, vegetables and textiles. According to official reports, plans are afoot from both sides to explore opportunities in areas such as, oil, gas, agriculture, telecommunications, information technology, constructions and railway transportation.

By Jose Roy

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