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March 1, 2021

Exports – the engine driving economic growth in 2011 too

Exports, the sole engine for Romania’s economic growth this year, will play a similar role next year too, MEP Iuliu Winkler told a Brussels seminar on EU’s new trade strategy. “Domestic consumption has been declining on account of the economic crisis but also as a result of the VAT rise half through the year, which could not have been avoided. Investments have not acted as an economic growth engine either. Exports has been the only growth engine that really worked,” Agerpres quoted Winkler as saying. Winkler, a former head of the Foreign Trade Department of Romania’s Government, holds Romania needs to consolidate its international trade institutions and those supporters Romanian exporters. The Romanian EMP also said austerity measures shouldn’t have a negative impact on the administrative ability of such institution.

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