Italian PM Romano Prodi met his Romanian counterpart Calin Popescu Tariceanu on Tuesday and is due to meet President Traian Basescu later in the day. Prodi is the first European head of government visiting Bucharest after Romania joined the EU on January 1 this year.

The two prime ministers signed a joint common polical statement including the new priorities of the strategic partnership between the two countries.

Italy is the first trade partner and the fifth foreign investor in Romania.

The document urges the two governments to coordinate efforts to reach their common objectives including the interests of he Romanian community in Italy and Italian community in Romania.

The prime ministers signed a memorandum of understanding between the Romanian Center for Trade Promotion and the Italian Institute for Foreign Trade, promising to provide each other economic data and support contracts between companies from the two countries. The memorandum has a one-year period of validity.