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February 4, 2023

PM Grindeanu meets AMRO delegation: Gov’t interested in growing economic component of US – Romania Strategic Partnership. US companies offer Prime Minister roadmap on rule of law

Premier Sorin Grindeanu and government members met on Wednesday at the Victoria Palace of Government with the fifth annual business mission to Romania of the American – Romanian Business Council (AMRO), with the head of the government highlighting in this context the interest of the authorities in developing the economic component of the US-Romania Strategic Partnership.

According to a government release, the talks focused on strengthening the strategic partnership with the US and the two states’ excellent security cooperation. “Both sides expressed their desire to confer similar impetus to the economic dimension,” the release says.

At the same time, Premier Sorin Grindeanu assured the American business people that Romania is a factor of political and economic stability in the region.

“We are highly interested in developing the economic component of the our countries’ Strategic Partnership and appreciate the role played by your organization in promoting Romania as a sound environment for the development of new investment by US companies,” Grindeanu said as quoted in the release.

He pointed out that the same context also sets the conditions in place to render Romania attractive to investors and to support job creation.

“Exactly for this reason I encourage the ministers to discuss at the upcoming bilateral meetings with US investors concrete projects that are beneficial to Romanian economy,” said Grindeanu.

The Premier told the members of the AMRO mission that Romanian authorities will continue to take concrete steps to simplify the legal framework for strategic projects in key areas such as energy, defense and transport.

In his turn, AMRO president Eric Stewart voiced appreciation for the openness of the Romanian authorities to deepening cooperation with the US, including in economy: Romania has many competitive advantages, most notably the education and the people, but one of my favorite competitive advantages are the positive feelings and approach and welcome towards the US. We received a very warm welcome from your government and investors in your country. Romania is one of our extraordinary friends we can always rely on, Stewart said.


PM Grindeanu confident US – Romania partnership will witness significant economic growth


The US – Romania strategic partnership will witness a significant economic development in the next period, Prime Minister Sorin Grindeanu told a press conference at the Victoria Palace of Government on Wednesday.

“I look at this meeting as a start. To cite a saying ‘Mere words won’t fill a bushel’, and none of the sides wants this. The specific elements we will establish at today and tomorrow’s meetings of the ministers with representatives of the American-Romanian Business Council (AMRO) must become reality. We presented the available economic data. We discussed priorities, including budget-related ones. I am confident that the US – Romania strategic partnership will witness a significant development in the next period in economic terms as well,” Grindeanu said at the end of the meeting with a US business delegation headed by AMRO president Eric Stewart.

The PM specified that representatives of 12 of the most powerful US companies were present at the meeting.

“Mr. Stewart and Mr. Ambassador both told me this is the most powerful economic delegation that visits Romania in several years, which makes us optimistic for the future. This wasn’t a courtesy meeting. It was a hands-on discussion on concrete projects that we can and will develop in the coming years. Today and tomorrow the ministers have meetings scheduled with representatives of the companies present today at the meeting, in healthcare, defence, transport, energy, finance and so on, leading to what we are after, namely concrete steps to strengthening Romania’s strategic partnership with the US,” the Premier said.


US companies offer Prime Minister roadmap on rule of law


During the meeting, company representatives presented the government a document titled “Roadmap to Prosperity” containing five recommendations for strengthening economic relations between Romania and the US: continuing the improvement of the Romanian business environment, a high-level dialogue between the two governments on economic subjects, deepening cooperation to develop the security strategic capacity, energy included, supporting the education and health systems to strengthen economic competitiveness, as well as supporting Romanian companies that they want to invest in the US .

“The document was also referred to President Donald Trump and the US Administration,” says the Gov’t release.

Not in the last place, US investors also expressed their intention to develop business in Romania and to launch new investments in areas such as health, research and development, insurance, construction, defense, energy and finance.

“Rule of law, transparency, efficiency, these are included in a roadmap that we have presented to the two governments (US and Romania e. n.). It seems an extremely normal part in doing business, for the priorities to be clearly laid out for both governments. In the past, the US Government worked closely with the Romanian government on all these issues. I saw much progress and our companies feel confident when doing business in Romania that everything will be fair, legal and transparent. An example of this trust is precisely this business mission that was introduced here, the largest business mission ever brought to Romania. Companies are very enthusiastic about what is happening,” said Stewart, after the meeting.

He specified that the roadmap was prepared by experts in Washington who are familiar with the business domain and with Romania.

“Our countries have always been very good friends and we hope that our economic relations become just as good as the political one. Romania has many competitive advantages, the most notable being education. In some countries we are not very welcomed, but from you and the people we get a warm reception. We, at AMRO Business Council, we have prepared a roadmap for your government to consider. It was drawn up by many experts in Washington who are familiar with the business environment and with Romania,” the AMRO official further said.

Discussions on tangible aspects will continue during the meetings these days of ministers and representatives of US companies by areas of interest, the government informed.

Present at the meeting were 12 of the most powerful US companies with current investments in Romania or which are interested in investing in our country: Amgen, Archer Daniels Midland, Bell Helicopter, The Boeing Company, ExxonMobil, General Dynamics, Medtronic, Mega Company, MetLife, Oshkosh Defense, Pfizer, Smithfield, Timken.




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