AmCham: Romania – U.S. bilateral relations set a favourable context for increased economic collaboration

On the occasion of the U.S. Independence Day Celebration, the American Chamber of Commerce in Romania (AmCham Romania) acknowledges the commitment reiterated at the highest level by the two countries for continuing their collaboration in the areas of defense and for intensifying the trade exchanges, a press release informs.

“It is critical for Romania to increase efforts to raise its profile as an investment destination for U.S. companies, through continuing firm reforms, observing the commitments Romania adhered to within the international structures it belongs to, by ensuring a transparent, predictable and stable business climate. In 2017, the 20th anniversary of the U.S. – Romania Strategic Partnership offers our country increased visibility from a political, military and even economic perspective which set favorable premises for boosting trade between the two countries“, Jaak Mikkel, AmCham Romania President stated.

Investment decisions are still very much relative to the internal country realities, and investors, regardless of their country of origin, assess economic competitiveness in terms of stability, predictability, transparency of the decision-making process, legislative and fiscal framework, bureaucratic burden, efficiency and quality of administration and public services, quality of infrastructure or the human capital availability.

Romania is frequently referred to as an U.S. trusted ally and AmCham’s call to Romanian authorities at this anniversary moment is to spare no effort for maintaining this statute through continuing the fight against corruption and observing the rule of law, through a predictable and transparent economic governance. We are confident that this is the only way that Romania can retain and attract more capital, financial and human.

AmCham Romania reaffirms its openness for public-private dialogue for promoting members’ business priorities – U.S., Romanian and international companies, in order to improve the public policies and the business climate in Romania.

“As long as current U.S investors are running successful operations in the country, this will help attract further transatlantic investors,” the release reads.