EU-Canada economic and trade agreement provides worldwide commercial opportunities for Romania, says CCIR
The comprehensive economic and trade agreement between the European Union and Canada (CETA) means actual new opportunities for Romania to exceed the borders of Europe thanks to an almost full repeal of all commercial fees, chairman of Romania's Chamber of Commerce and Industry (CCIR) Mihai Daraban told a conference on CETA jointly organised with the Canadian Embassy in Bucharest, according to Agerpres. 2017-04-04 14:05:56
"We, overall, cannot but be favoured by this CETA agreement, given our economic makeup," said Daraban. "It virtually opens to us other worldwide opportunities, because Romania′s big problem is it has remained captive to the European Union, some forward processors for the big European economy. I believe we should have the courage to get beyond the EU borders in terms of commerce, and this agreement virtually opens to us an unexpected opportunity. We are anyhow a bit slow when it comes to being conquerors, even beyond Romania′s borders, but particularly beyond the EU borders."
He added that with CETA coming into effect, 98 per cent of tariff barriers will be repealed as well as 93 per cent or rates and taxes on agri-food products.
"At the same time, the agreement will mean easier acknowledgment of the professional skills of Romanian employees, as well as participation in the biddings on the Canadian market," said Daraban.
He went on to say that the current agricultural exchanges with Canada generate 6.5 million Euro a year in Romania′s foreign trade revenues.
The CCIR senior official added that the agreement will come into force in some weeks′ time after being ratified by each national parliament of the European Union′s 27 member states as well as by the Canadian Government. He mentioned that, under the agreement, Romanian nationals will be allowed to travel visa free to Canada as from December 1, 2017.
|
|
| |
|
Daily Info |
Porsche Engineering Romania aims to reach 120 employees in 2018 Two years since its opening in Cluj-Napoca, Porsche Engineering Romania, the local subsidiary of the global engineering services provider, has expanded its scope of work in th... |
New bill regulating activity of Uber, Taxify in Romania, submitted to Parliament A draft bill regulating ridesharing services in Romania, such the ones provided by Uber or Taxify, has been submitted to the Parliament by several MPs from both ruling and opp... |
Political risks in CEE on the rise but no impact yet on local businesses, says Coface A recently released report by Coface assessing the political risks in the Central and Eastern European countries (CEE) shows that, while social risks are low, due to the favou... |
Facebook posts record revenues for Q1, despite data privacy scandal Facebook Inc. shares rose on Wednesday after the company posted a surprising 63 per cent rise in profit as well as an increase in users, despite the fact that it has been goin... |
New car sales increase by over 20 per cent in Romania in the first quarter New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data ... |
|
|
|
|
|
|
|
|
advertising
 advertising
 advertising
 advertising

|
More on News |
ING Bank Romania to accelerate business development through digitization Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

|
TransferGo: We will come to a point where money transfers will be dominated by app usage Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

|
Great potential comes with big challenges The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.
|
Globalworth: The number of green accredited buildings continues to grow every year Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...
|
UniCredit announces updates in the Mobile Banking application UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.
|
ESOP: We expect that the green building trend further grows The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

|
Immofinanz: Constant, visible shift towards energy efficiency on the local office sector Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...
|
|