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US Commerce Secretary: It's imperative Romania leaders study impact of potential economy regulations before implementing

U.S. Secretary of Commerce Penny Pritzker said in a video message to a debate hosted by the Palace of Parliament on Monday that it is 'imperative' the leaders of Romania should study the impact of the potential regulations on the economy and businesses before implementing them. She stressed that governance will thus be 'more efficient' and the companies would find it 'easier' to enter the Romanian market.

Pritzker said the Department of Commerce and the economic team of President Obama will continue to be 'your partners' in this task. We will continue offering you assistance in order to support the development of Romania, she said in the video message to the seminar on the Promotion of Strategic Economic and Commercial Partnership aimed at assessing the impact of the modifications to the legislation organized by the United States Embassy, AmCham and AMRO in partnership with the Romanian Government.

The U.S. secretary said that from the meeting she had with Romanian Prime Minister Victor Ponta in Washington almost a year ago there resulted 'the urgent need' of a strategy of Romania regarding the improvement of the business climate. The plan worked out by Romania in this respect is a sign of 'significant progress', she said, while also pointing out that the true measure of the Romanian authorities' success will be the plan implementation.

The effective implementation of this plan will open the door to new businesses and will increase our bilateral commercial activity, will strengthen our economies and will bring mutual prosperity, Secretary Pritzker said.

Attending the opening of Monday's debate were Prime Minister Victor Ponta, the Speaker of the Deputies' Chamber Valeriu Zgonea, U.S. Charge d'Affaires in Bucharest Dean Thompson and U.S. Deputy Assistant Secretary of State for Europe and Eurasia Hoyt Yee.