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Romania's association with European Union. Integration perspectives

Author

Listed:
  • Zaman, Gheorghe
  • Georgescu, George

Abstract

The paper focuses on the impact of the European Agreement on Romania's Association with European Community and, in particular, of its commercial part, entered into force on May, 1993, under an Interim Agreement. For Romania, a country in transition toward the market economy, under the circumstances of significant institutional changes and economy restructuring, despite the asymmetry of tariff concessions with EU, the first effects ended in trade deficit increase and major shift in geographical orientation of the foreign trade flows. The paper draws attention that, as regards the EU integration perspectives, arises the question of integration between countries with a significantly different level of development, this challenge requiring for Romania, to find the theoretical and practical solutions which would make it possible, by continuing reforms and structural adjustments, increasing competitiveness, diminishing the economic and technological gaps.

Suggested Citation

  • Zaman, Gheorghe & Georgescu, George, 1994. "Romania's association with European Union. Integration perspectives," MPRA Paper 79840, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79840
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    File URL: https://mpra.ub.uni-muenchen.de/79840/1/MPRA_paper_79840.pdf
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    More about this item

    Keywords

    transition economy; CMEA; tariff concessions asymmetry; foreign trade; FTA; external debt; EU integration; Romania; competitiveness;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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