Romanian chamber of commerce backs EU-Mercosur trade deal

Business Forum
The Romanian Chamber of Commerce and Industry (CCIR) has unanimously decided to support the free trade agreement between the EU and Mercosur, backing the decision made by the European Association of Chambers of Commerce (Eurochambres) at its November 2024 General Assembly.

According to a statement, CCIR emphasises that the EU-Mercosur agreement is not just about agriculture, but provides for free trade and the gradual elimination of over 90% of customs duties between the two economic blocs, creating a new market for European and Romanian products.

"What is essential for Romania's economy is that this agreement facilitates the entry of automobiles and spare parts, chemical and pharmaceutical products, as well as industrial equipment into the Mercosur market," the statement reads.

CCIR believes this agreement should be treated with objectivity and pragmatism, considering the structure of the national economy. In Romania, industry continues to generate around 30% of GDP, and the country produces assemblies and sub-assemblies for multiple Western European car brands, as well as components in white goods, energy and pharmaceutical sectors.

"Romania's automotive sector creates over 200,000 jobs, plus tens of thousands more in related industries producing non-automotive equipment and components. The Romanian economy is a subcontractor economy, and the entire industry is connected to the super-industrialised countries of Western Europe," said CCIR President Mihai Daraban. He noted that Romania's agricultural sector represents 4.5% of GDP, while at EU level this domain represents between 1% and 1.5%.

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