§ Mr. Skeetasked the Secretary of State for Industry how many joint ventures have been negotiated between British and Romanian companies in the past 10 years; and in what industrial sectors they are currently operating.
§ Mr. Peter ReesI have been asked to reply.
To date there have been no joint ventures established in Romania involving British companies. I am aware of three joint ventures established in the United Kingdom with Romanian enterprises in the following sectors: chemical and petrochemical products; nuclear power equipment; and foodstuffs. A number of projects have also been undertaken involving co-operation between British firms and Romanian enterprises, but without the formation of joint venture companies. One such project is for the development of Romanian capability to construct civil aircraft.