96452 2/13/2007 14:53 07BUCHAREST155 Embassy Bucharest UNCLASSIFIED 06STATE192802 VZCZCXYZ0000 PP RUEHWEB DE RUEHBM #0155 0441453 ZNR UUUUU ZZH P 131453Z FEB 07 FM AMEMBASSY BUCHAREST TO RUEHC/SECSTATE WASHDC PRIORITY 6024 INFO RUEHSF/AMEMBASSY SOFIA 4856 RUEHBS/USEU BRUSSELS RUCPDOC/DEPT OF COMMERCE WASHDC UNCLAS BUCHAREST 000155
E.O. 12958: N/A TAGS: EINV, ETRD, KTIA, RO SUBJECT: ROMANIA: BIT INSTRUMENTS EXCHANGED
REF: A) 06 STATE 192802
B) BUCHAREST 1872
On February 9, Ambassador Taubman and Foreign Minister Ungureanu signed the protocols exchanging the instruments of ratification of the Additional Protocol to the Bilateral Investment Agreement (BIT). Romania's instrument of ratification and the original signed protocols will be sent via diplomatic pouch to EUR/NCE's Aaron Jensen. The ceremony was well attended by journalists, with most media coverage focusing on the Ambassador's praise for outgoing Minister Ungureanu and the need for Romania to continue to make progress fighting corruption and reforming its justice system. Other outlets covered the Ambassador's remarks regarding the strength of U.S. investment and its role in transforming Romania into a knowledge-based economy.