Romanian agri-food trade with the new member states (NMS-13) of the EU - a comparative analysis
Camelia Gavrilescu
Abstract
Open-access reader
Camelia Gavrilescu
Abstract
Open-access reader
After joining CEFTA in 1997, Romania established a relatively stable group of partner countries for its agri-food trade. Several factors contributed to the stability in time of this group, firstly the existence or establishment of preferential trade agreements, the geographical proximity, and last, but not least, the historical traditions. The exit from CEFTA and the accession to the EU of some of the partner countries, then of Romania itself, changed only temporarily the trade flows, until everyone's adaptation to the "new rules of the game". Among the new Member States of the EU (NMS-13), the main trading partners for Romania were and are Hungary, Bulgaria and Poland. The paper is analyzing the evolution of the agri-food trade flows with these countries, in terms of value and composition of the exchanges.
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After joining CEFTA in 1997, Romania established a relatively stable group of partner countries for its agri-food trade. Several factors contributed to the stability in time of this group, firstly the existence or establishment of preferential trade agreements, the geographical proximity, and last, but not least, the historical traditions. The exit from CEFTA and the accession to the EU of some of the partner countries, then of Romania itself, changed only temporarily the trade flows, until everyone's adaptation to the "new rules of the game". Among the new Member States of the EU (NMS-13), the main trading partners for Romania were and are Hungary, Bulgaria and Poland. The paper is analyzing the evolution of the agri-food trade flows with these countries, in terms of value and composition of the exchanges.
Key concepts: Accession, Romanian, International trade, Value (mathematics), Business, Member states, International economics, Economics