Romania's Foreign Trade in a European Contex
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| Pages: | 28 : 32 |
| Abstract: |
The main economic argument for EU single market expansion was to enlarge the free trade area and thus create a larger single market where domestic production could capitalize on scale economies. As a result, unit production costs were reduced, productivity increased, and citizens had access to a wider range of products. Intra-community trade represents the most important part of our country's trade with the countries of the world. As a member state of the European Union, Romania benefits from countless legislative and commercial advantages. Romania's imports from European Union countries in the last ten years have increased in value much more than our country's successful exports. This evolution led to a strong deepening of Romania's intra-community trade deficit during the mentioned period. |
| JEL classification: | F10, O24 |
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F10, O24
