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May 24, 2022

Mihai Daraban, President of the Romanian Chamber of Commerce and Industry: The role of the Romanian Chamber of Commerce and Industry in stimulating trade and promoting Romanian brands on the domestic market and international markets

The Romanian Chamber of Commerce and Industry (CCIR) is the voice of the business sector both inside and outside the country’s borders. All of CCIR’s economic missions, meetings with officials, all of its actions are geared toward supporting the Romanian entrepreneur. In this sense, through all the means at our disposal, we come to the support of the business sector in order to ease the incentivizing of trade and to promote Romanian products particularly on international markets.

In this sense, I consider that the best example is our economic mission to the United States, on September 28 – October 2. Jointly organized with the Romanian Stock Exchange, in New York and Washington D.C., it was a real success. I want to emphasize that it was one of the business sector’s strongest delegations from the point of view of representativity.
First, we had a working meeting with Mr. Jay A. Burgess, Deputy Assistant Secretary for Europe within the U.S. Department of Commerce’s International Trade Administration. On this occasion, we discussed the importance of boosting trade between Romania and the United States, but especially the implementation, in Romania, of the Romanian Commercial Action Plan. The U.S. Department of Commerce (DoC) considers that Romania has made visible progress in what concerns the improvement of transparency and predictability. DoC has taken an active part, along with the United States Embassy in Bucharest, in the implementation of this plan and in creating continuity irrespective of the political situation.

At the same time, we had a meeting with Ms. Marjorie Chorlins, Vice President for European Affairs within the U.S. Chamber of Commerce (USCC). We presented CCIR’s intention of backing a legislative initiative similar to the Foreign Corrupt Practices Act (FCPA).

At the invitation of Mr. Rifat Hisarciklioglu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and of B20, I took part, as a member of the Infrastructure and Investment Working Group, in the G20-B20 Summit organized this autumn in Antalya, Turkey. On this occasion, I made concrete proposals in order to ease trade through the development of infrastructure and transport routes. I would like to reiterate the importance of Pan-European Corridor VII (Black Sea – Danube), of Danube’s capacity to offer excellent trade routes from the Black Sea toward landlocked countries in Central Europe, but also of the urgent implementation in Romania of a Public-Private Partnership law that would create a stable investment environment meant to encourage Romanian and foreign investors alike.

Another one of CCIR’s initiatives meant to support the Romanian business sector is the launch of the ChamberTrust service, a company certification instrument, in order to boost the confidence of international partners. ChamberTrust represents a data bank set up globally by the World Chambers Network. It includes data on enterprises, their products and activities. The ChamberTrust service represents the guarantee of a first level of certification and is geared mainly for small and medium enterprises that are interested in international markets, because these enterprises need this guarantee of trust in order to be contacted. ChamberTrust is offered by Chambers of Commerce and Industry because the latter represent a brand recognized all over the world and enjoy confidence at international level. After obtaining this certificate, the benefits are multiple: impact in relations with partners, company recognition, and visibility through the CCIR’s website and at the level of companies interested/engaged in international trade.

At the same time, another useful instrument for the international expansion of Romanian businesses is offered by the CCIR on account of its position as member of the International Chamber of Commerce (ICC). As a result, an ICC National Committee was formed in Romania, its members being important companies active in Romania. The ICC Romania Committee is open to inducting new members as long as they are willing to contribute proactively to the international trade strategy and to attracting investments in Romania.

In closing, I would like to assure Romanian entrepreneurs of our full openness and willingness to cooperate. The Romanian Chamber of Commerce and Industry is the main ally in supporting Romanian companies, particularly those whose capital is fully Romanian. The joint goal is to stimulate the development of Romanian companies whose turnover is registered at national level, as part of the country’s economic growth. Good luck to you!

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