Romania to participate in WTO ministerial conference in Buenos Aires. WTO Director-General visits Bucharest, praises Romania’s progress as a consolidated market economy

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President Klaus Iohannis welcomed at the Cotroceni Presidential Palace on Wednesday World Trade Organization (WTO) Director-General Roberto Azevedo, who praised Romania for its progress of late as a member of the European Union and as a consolidated market economy.

According to a Presidential Administration statement , this visit is part of a series of meetings to consolidate international economic cooperation within and through WTO.

At the beginning of the meeting, Azevedo commended Romania for its significant progress of late as a European Union member and as a consolidated market economy, according to the statement.

Among the topics discussed were the current global trends in the area of economic policies, as well as themes of the 7 – 8 July G20 meeting in Hamburg.

“Despite the fact that commercial policies are almost constantly subjected to protectionist temptations, the world economy’s progress was highlighted precisely in the context of economic opportunities provided by free trade,” the release says.

At the same time, President Iohannis appreciated the WTO contributions to the international economic cooperation, through the promotion of international trade liberalisation. “Moreover, it was highlighted the idea the process of liberalising commercial exchanges has brought benefits to the developed and developing countries alike, because of access to higher quality products, job creation, enhancing the flows of foreign direct investment, know-how transfers and innovations,” the statement mentions.

According to the Presidential Administration, during the meeting it was shown that the benefits of free trade are so much more obvious as the economic politics will consistently relate to the principles of market economy, through the promotion of free trade not only on the international economic relations level, but also in relation to the national business environments.

Furthermore, the Romanian head of state mentioned that orientation toward competitiveness also requires enhanced flexibility, mainly in the labour market.

“In this respect, a profound rethinking of the education system is required in the development of a dynamic and innovating economy, meant to capitalise on the competitive edges that are available to us, and, in addition, to foreshadow prospective solutions for the economy of the future, based increasingly more on digitisation and technological innovation,” the statement reads.

Also approached were the current challenges facing the European Union related to Brexit as well as those concerning policies under which the member states try to support the SME sector, entrepreneurship, creativity and innovation.

 

PM Tudose, WTO’s Azevedo discuss Romanian Gov’t policies to boost investment

 

Romanian Prime Minister Mihai Tudose on Wednesday welcomed visiting Director-General of the World Trade Organization (WTO) Roberto Azevedo to discuss the policies of his Cabinet that boost investment.

The Romanian Government says in a press statement that the discussion of the investment boosting policies was made so that the policies may be promoted at the 11th WTO ministerial conference scheduled for December in Buenos Aires, Argentina.

“Romania is on the right track, although the pace is not always the desired one. We want to share our success stories, and, in our turn, we are open to learn from the experience of our partners,” Tudose is quoted as saying about the positive developments in Romania’s main economic indicators.

In his turn, Azevedo commended the Romanian Government for its vision to support small investors and boost private enterprise under programmes started by the Ministry for the Business Environment, Trade and Entrepreneurship.

He is quoted as saying Romania has taken important steps and commending the Romanian Government for its vision, urging Romania to share its good practices inside the WTO.

Also attending the meeting at the Government House was Minister for the Business Environment, Trade and Entrepreneurship Ilan Laufer, who mentioned Romania’s wish to become increasingly more visible worldwide through initiatives that support the internationalisation of Romanian companies.

 

Romania to participate in WTO ministerial conference in Buenos Aires

 

Romania will participate in the World Trade Organization (WTO) ministerial conference in Buenos Aires, where it will come up with proposals to support the internationalisation of small enterprises, Business Environment Minister Ilan Laufer told a press conference on Wednesday.

He welcomed at the ministry headquarters WTO Director General Roberto Azevedo.

“We have talked about our presence, at the end of this year, as a WTO member country, at the conference in Buenos Aires, Argentina. There, we want to come up with some proposals to support small companies that want to get on the international markets and bring some good practices from Romania. This year we are going to extend our network of foreign trade attachees, in order to facilitate trade in Romania and the friend and partner countries,” Laufer said.

He pointed out that the officials want to consolidate the Invest Romania portal, which belongs to the Business Environment, Trade and Entrepreneurship Ministry, as a single contact point for all investors wanting to come to Romania.

“The moment they reached our country we want to stand by them, help them implement projects and persuade them Romania is the country that best fits the investments they want to make. Whenever we discuss a strategic investment, there is usually a competition among several countries, it can be Romania, Hungary, Poland, Slovakia or Bulgaria. We must convince them Romania is the right place and [this is] the right time, the right context to invest in our country,” said Laufer.