SOME REFLECTIONS ON EUROPEAN VALENCES OF ROMANIA'S TRADE IN GOODS WITH U.S

Paul Bogdan Zamfir
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Paul Bogdan Zamfir: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU-JIU, ROMANIA

Annals - Economy Series, 2016, vol. 1Special, 229-233

Abstract: In this paper we proposed to emphasize the evolution of bilateral trade between Romania and United States in the post-accession period. Thus, on this background it is important to point out US is the largest and most diversified market of goods and services in the world, the place where numerous trade offers and business projects from all countries face daily. Therefore, in order to be successed on this market - to achieve and maintain stable and long-term commercial relations partners and / or to avoid anti-dumping measures, romanian exporters should pay very attention strict implementation of contractual terms, equality rules, conditions and delivery terms and possibly to inform previously on local prices of competing firms. The US market is important for Romania both in terms of trade aspects for example first class and traditional market for Romanian exports - imports of high technology and through financial aspects - the headquarters of major banks and investment funds and major source of capital and Romanian financing various projects. The perspective of bilateral trade liberalization between EU and US can offer new possibilities for Romanian exporters and importers to integrate effectively in the chain of global production, given the relatively peripheral position of Romania in this phenomenon. Another important effect coming from trade liberalization is a more efficient allocation of resources in the Romanian economy and an intensification of economic activity in sectors that would allow more efficient use of production capacities in Romania.

Keywords: bilateral trade; export; import; trade balance; market; Transatlantic Trade and Investment Partnership (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:1special:p:229-233

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