These two memoranda were signed after a meeting in São Bento, in Lisbon, between António Costa and Klaus Iohannis, in which the ministers of Foreign Affairs, João Gomes Cravinho, and of the Environment and Climate Action, Duarte Cordeiro, were also present on the national side.

The memorandum on energy aims to reinforce cooperation, including institutional cooperation, at bilateral and European Union levels, and covers the promotion of “consultations between the parties with a view to supporting common European objectives in terms of energy policy”.

The governments of Portugal and Romania, among other objectives, intend to explore the promotion of blue energy projects, promote the exchange of knowledge in the field of liquefied natural gas and develop training and expert programs.

Exchange of information

Regarding the memorandum between the Investment Agency for Foreign Trade of Portugal (AICEP) and its Romanian counterpart, ARICE, it seeks to develop mutual cooperation in terms of exchanging economic information, investment promotion, organisation and information on relevant events.

With this agreement, according to the text of the memorandum, the governments of Lisbon and Bucharest intend to “strengthen the promotion of the exchange of experiences and knowledge between companies in the two markets”.