The Features of the Romanian External Commercial Trades

Botescu Ion ()
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Botescu Ion: Ovidius University of Constanza

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 10-14

Abstract: The events of December 1989 represented the trigger which determined the future evolution of Romania from an economic and political point of view. Among the first reform measures, adopted after the fall of communism, were also those regarding Romania’s commercial policy. Being aware of the global economy’s globalization trend, Romania liberalized its external trade, fact appreciated by the EU. Actually, Romania’s main objective at that time was joining the EU. In this paper I have tried to present aspects regarding the evolution of Romania’s exports and imports in two time intervals. The first interval refers to the pre-adherence period, being marked by the country’s mistakes during the transition towards a market economy and the second interval refers to the post-adherence period, marked by the rules imposed by the EU and the effects of the global financial crisis.

Keywords: export; import; trade balance; commercial policy; EU adherence (search for similar items in EconPapers)
JEL-codes: F15 F41 (search for similar items in EconPapers)
Date: 2012
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