US-Romania trade at over USD 1.4 bln in first half of 2014

Trade between US and Romania amounted in the first six months to over USD 1.4 billion, while US direct investments in Romania amounted to USD 1.2 billion, making it the 12th biggest foreign investor in Romania, according to data cited by the Ministry of Economy.

Constantin Nita, the minister of economy, has outlined the main sectors that offer investment opportunities to a delegation of the American-Romanian Business Council (AMRO) that was led by Eric Stewart, the council’s president.

“Today’s meeting has offered us the chance to discuss with the AMRO delegation about the investment opportunities in the energy, automotive, aviation, military, pharmaceuticals, food and insurance sectors. Romania pays close attention to the strategic partnership with the US and we want this partnership to be reflected in the trade and US investments on the local market,” said Nita in a statement.

The AMRO was set up two years ago is currently of its fourth mission in Romania. The association has 11 board members and six general members that represent large US companies such as oil major Chevron and insurer MetLife.

Ovidiu Posirca

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