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Romania to set up state-owned company to handle local ag trade

Romania will soon set up a state-owned company to handle export of local farming products, an official announced on Tuesday.

"I discussed with the Prime Minister and within the shortest time we will set up a Romanian Trading House, a state-owned company tasked with handling import-export relations and taking over agriculture produce, vegetables and livestock products," said Liviu Dragnea, Speaker of the Deputies' Chamber and head of the ruling Social Democratic Party.

The company will be set up in one month at the latest, said Dragnea, adding that a network for the collection, storage and sale of the agricultural production will be set up in no more than two years.

Dragnea also argued that Romania must move on from the current stage where it sells its farming produce at the crop field edge for big traders to sell it abroad, just for it to return to the country as biscuits, puffed snacks and other sweets.

source: news.xinhuanet.com
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