More than 100 U.S. companies and economic development organizations (EDOs) are in Southeast Europe this week, exploring business and investment opportunities in five regional markets,including Romania.
According to a press release by the U.S. Embassy in Bucharest, the U.S. Department of Commerce’s Trade Winds—Southeast Europe mission is bringing businesses and organizations from 29 states and across industry sectors to connect with opportunities throughout the region.
“The growth rate in Southeast European markets makes the region a good option for any company looking to go global,” said U.S. Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Erin Walsh. “The companies joining Trade Winds are truly ahead of the business curve, targeting a region that is poised for rapid growth and expansion.”
Trade Winds includes a business forum hosted in Bucharest, Romania, and participating companies and organizations could also attend optional mission stops in Bulgaria, Croatia, Greece, and Serbia.
Along with connecting U.S. businesses to export opportunities, Trade Winds will also bring together U.S. EDOs (Economic Development Organizations) with Romanian companies looking to invest in the United States.
“Romania is a perfect host for an event like Trade Winds,” said U.S. Ambassador to Romania Hans G. Klemm. “U.S. companies will find promising opportunities with new potential customers and partners. Also, the economic development teams present will connect with some of Romania’s best companies that are looking to expand in the United States.”
Romania experienced five percent GDP growth in 2016, the fastest growth rate in Europe.
The Trade Winds delegation is in Romania from Wednesday to Friday this week for business-to-business meetings and a business forum featuring appearances from local officials and speakers from U.S. and European companies and organizations including FedEx, IBM, and the Romanian government.
At each Trade Winds mission stop, the U.S. companies meet with government leaders and potential business partners already based in Southeast Europe. The Commerce Department expects to facilitate about 700 total business-to-business meetings during the trade mission.
This is the 10th year the Department of Commerce’s U.S. Commercial Service has led Trade Winds, and the program has directly supported more than $240 million in U.S. exports.