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May 6, 2021
ECONOMY FINANCE&BANKING

Economy Ministry proposes another new institution: Interministerial Competitiveness Committee

The Economy Ministry led by Costin Borc lately seems stuck in institutional innovations and creations. The latest, yet to be finalized however, concerns the setting up of an Agency for the Promotion of Investment and Export. The new creation should have brought together the Prime Minister Chancellery’s former Foreign Investment Department and the Ministry’s International Economic Relations Department.

The ink is yet to dry on that proposal that Minister Borc is coming up with another novelty. The Economy Ministry wants to set up an Interministerial Competitiveness Committee that would handle the implementation of the National Competitiveness Strategy, the Government set to adopt a decision in this sense in two weeks’ time at most, Romanian Deputy Prime Minister and Economy Minister Costin Borc announced at a special conference.

“I have forwarded it for government debate, at the time being in the stage of interministerial approval, and, if all goes well, the government decision through which we seek to establish an Interministerial Committee for Competitiveness, formed by the representatives of ministries and dealing with the implementation of the National Competitiveness Strategy, will be approved, having the very simple role of coordinating public policies that have an impact on economic competitiveness,” Borc said.

According to the Economy Minister, the setting up of this committee does not represent an overlapping of government bodies.

“Thus, the Committee can analyze draft laws, can offer its point of view and will be the forum in which we will be able to discuss, between ministries, how we can implement the National Competitiveness Strategy. It is not an overlapping of bodies, it is not meant to be excessive bureaucratization. These are two fairly well defined levels and thus we believe that we will have a council that would be able to have a global vision on assessing the strategy,” Costin Borc pointed out.

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