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Romania sent over 30 propositions to EU to be included in TTIP negotiations


Romania has sent to the European Union a set of over 30 propositions to ease access of the Romanian companies to the American market, resulted after a nationwide consultation on the topics that should be included in the Transatlantic Trade and Investment Partnership (TTIP), currently negotiated by the European Union with the United States of America."The outcome of the national consultations is spectacular. We found many sectors preoccupied with this aspect, Romanian companies that already are successful on the US market. We have more than 30 suggestions in the economic sphere to be included in the agreement. (...) I hope that at least 80pct of these propositions will be included in the accord ," on Friday said Sorin Moisa, member of the European Parliament, a coordinator of this consultation.

He handed Romania's propositions to the European Commissioner for Trade Cecilia Malmstrom who has attended the 'TTIP: Romania's Voice' conference.

The list covers the cancellation of U.S. customs duties on footwear and ceramic products, the full liberalization of the energy market between the U.S. and Europe, and full access for Romania to advanced American technologies, Moisa highlighted.

The Romanian MEP added that initially the national consultation was unfolded with 1,500 businesses, but subsequently it was better focused on the exporters to the US, with an accent on the SMEs, for which a special portal was created to access the necessary information for the export to the US market.

The research that helped formulate Romania's propositions for the TTIP took place from May through October 2015 and aimed at identifying the country's interests, priorities and sensitive points in the negotiation of the treaty.

Commissioner Malmstrom said the companies' opinions, the topics relevant to them were very important in order to support the negotiations.

She mentioned she trusts the Partnership will be signed before the end of U.S. President Barack Obama's term; it's feasible, but no promises can be made, she added.

The European official also said that there was no study on the impact of an eventual failure of these negotiations, but certainly many opportunities would be lost.

According to Aurescu, the TTIP "will give investments a boost." Romania is on track for steady growth and could become one of the major destinations for U.S. investments, Foreign Minister Bogdan Aurescu told the conference on the Transatlantic Trade and Investment Partnership (TTIP) this Friday.
The foreign minister underscored that the Transatlantic Trade and Investment Partnership will stimulate the trade and energy sector, adding that the crisis in Ukraine has brought forward the need to diversify supply sources in the energy sector. At the same time, he mentioned that TTIP means "the deepening of transatlantic relations."
The treaty under negotiation is the most comprehensive in history, as the EU and the United States total 800 million inhabitants and roughly half of the world GDP. It is lagging behind the Trans Pacific Partnership between the U.S. and its partners in the Asia-Pacific region, for which negotiations successfully concluded on October 5.