Korea and Romania to Strengthen Cooperation in Nuclear Power and Defense Industries... "Korean Nuclear Power Has the Best Competitiveness in Price, Quality, and Delivery"

The 10th Korea-Romania Industrial Cooperation Committee

The governments of Korea and Romania have agreed to expand cooperation in nuclear power, defense industry, and industrial technology.

On the 25th, An Deok-geun, Minister of Trade, Industry and Energy, held the "10th Korea-Romania Industrial Cooperation Committee" in Seoul together with ?tefan-Radu Oprea, Minister of Economy, Entrepreneurship and Tourism of Romania, to discuss ways to expand cooperation in trade, investment, industry, and energy sectors. The Industrial Cooperation Committee, established in 2004, has been held alternately between the two countries, and this 10th meeting was held in Korea to discuss key issues such as nuclear power and defense in greater depth.

In his opening remarks, Minister An mentioned that since the establishment of diplomatic relations in 1990, the two countries have cooperated mainly in the automotive parts and steel sectors, and based on this manufacturing cooperation, they should expand collaboration in various fields such as industrial technology, nuclear power, defense, and infrastructure to further deepen the strategic partnership established between the two countries in 2008.

Both sides agreed that trade between the two countries has steadily increased, reaching a record high last year, reflecting the solid cooperation between them. They agreed to further expand trade and investment through participation in exhibitions and exchange of investment information. On the Korean side, attention was requested from Romania regarding EU-level regulations such as the Carbon Border Adjustment Mechanism (CBAM) and the Critical Raw Materials Act (CRMA), to ensure these regulations are enacted and implemented in ways that do not restrict free trade. They also expressed willingness to cooperate in research and development (R&D) in various fields including information and communication technology, chemistry, and biotechnology.

The Romanian side introduced its energy mix policy, including nuclear power and expansion of renewable energy, and both sides agreed to cooperate to achieve the common goal of carbon neutrality and to promote the international spread of Korea’s ongoing Carbon-Free Energy Initiative. The Korean side mentioned that a significant first step in cooperation was made last June through a contract between companies of the two countries for nuclear tritium removal facilities, emphasizing that Korean companies, with top competitiveness in price, quality, and delivery, will be the optimal partners for Romania’s nuclear power projects in the future.

The Romanian side expressed strong interest in defense cooperation with Korea, and the Korean side emphasized that Korea’s excellent weapon systems can contribute to the modernization of the Romanian military, as well as create economic effects through local investment, technology transfer, and joint exports to third countries. They proposed to continuously strengthen defense cooperation between the two countries.

This content was produced with the assistance of AI translation services.