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April 2020
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Wakefield Council Trade Deal

Wakefield Council has signed a pioneering agreement to boost mutual trade opportunities and open new doors for a wide range of local businesses. On Monday 2nd November Wakefield Council Leader Peter Box formalised the district’s economic relationship with Romania by signing a memorandum of agreement with Antonie Solomon, the Mayor of Craiova. The milestone development between Wakefield Council and Craiova City Council, which is located in South West Romania, involves a pledge to develop economic links through promoting import and export opportunities, joint ventures and technology transfer.

More than 4,000 UK companies are already reaping the benefits of working in Romania, and investment opportunities are available for enterprises spanning water, oil and gas and waste treatment to construction, infrastructure and agriculture. A wealth of service industries such as financial services and training and education can also take advantage of the dynamic initiative.

Councillor Peter Box, Leader of Wakefield Council, said:

This economic agreement is another important step towards establishing trade links between Wakefield and the city of Craiova. We welcome our Romanian colleagues and look forward to helping businesses in both countries to develop mutually beneficial relationships so that our communities will prosper together.

The agreement forms part of an official visit to Wakefield by Antonie Solomon, the Mayor of Craiova and Robin Barnett, Her Majesty’s Ambassador to Romania. The high-profile figures were guest speakers at a packed International Trade Seminar on Tuesday 3rd November at the Waterton Park Hotel, at which dozens of local companies heard how to tap into Romania’s expanding and accessible markets.

Robin Barnett, Her Majesty’s Ambassador to Romania, said:

This agreement will forge closer links between Craiova and Wakefield. It will enable business partnerships to prosper for the benefit of the people of both cities. Romania is full of opportunities for British companies and has recently seen Ford invest in a £675M manufacturing plant in Craiova.

Antonie Solomon, the Mayor of Craiova, added:

This is a major step in our partnership with Wakefield and will bring strong results for the future. Romania needs Wakefield and Wakefield needs Romania and it is important to seize opportunities now because, in a few years time other investors will have taken advantage
first chief executive Mohan de Silva, who spearheaded the first trade mission to Romania in 2007, which led to a Cooperation Agreement with the regional development agency in Oltenia, concluded:

Craiova is the main economic centre of South Romania and the wealth of opportunities for Wakefield companies to forge partnerships and secure contracts is tremendous.

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