Eric Stewart, the president of the American-Romanian Business Council (AMRO), says that the US business community sees significant growth potential in the Romanian market.
“And Romania is gearing up for significant updates to its strategic capabilities, particularly in defense, energy, and cyber security,” said Steward in a statement in which the AMRO praises US president Donald Trump for meeting with Romanian president Klaus Iohannis. He added that Iohannis is the first EU leader to meet with Trump at the White House.
According to AMRO, the top 50 American companies in Romania earn more than USD 12.5 billion in revenue in the country each year, also supporting jobs in the US.
The association went on to say that the major military acquisition program that Romania is now considering can create business opportunities for American technology.
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Romania will spend 2 percent of its GDP on defense this year, in line with NATO requirements.
Large American firms are among the board members of AMRO including Lockheed Martin, ExxonMobil and Boeing.