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April 20, 2021
ECONOMY FINANCE&BANKING

EcoMin Borc pledges support for development of Romanian capital, exports by Romanian producers

The development of the Romanian capital needs support and Romanian producers should be helped to become successful exporters, deputy Prime Minister and Minister of Economy, Trade and Relations with the Business Environment Costin Borc told the second edition of the Forum ‘Exports – Romania’s Growth Engine.’
‘We want to support the development of the Romanian capital. Without production one cannot speak of export in Romania. We must help Romanian producers become successful exporters. Putting together foreign trade and foreign investments is a mechanism whereby the network of Romania’s embassies primarily becomes an external network of Romanian trade and investments. The instructions we give trade representatives in embassies have completely changed the dynamics of their activity,’ said Costin Borc.
He underscored that these representation offices are in the service of the exporters and that a system to render such dedicated services international should be set in place, whilst certain services should be provided for charge.
‘We want to measure our institutional performance, but also the companies’ performance,’ Borc said.
The forum debates brought to the fore export-related aspects in the National Export Strategy, the evolution of exports in 2016 and the champion activities that will excel this year, at a time when export diversification – both by gaining back lost markets (the Middle East, North Africa, China, Asia) as well as by identifying new markets – and the development of the Romanian capital are perceived as opportunities for Romania.
‘We are headed for reindustrialization and the Brexit cannot change our evolution. Romania must know how play its cards. We have a good chance, and workforce is the most important problem we could have. We must have confidence in ourselves,’ said Deputy PM Costin Borc.
On the occasion of the forum, Borc voiced his opinion that although the upward trend of Romanian exports continues in 2016 too, imports are growing as well and Romania’s economic growth is based on consumption.

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