Trade Agreement In Romanaadmin
44. The process of regional integration continued with Romania`s accession to the CTATA on 1 July 1997. The Central European Free Trade Agreement aims to liberalise trade between Member States and can be seen as a useful measure to prepare these countries for accession to the European single market. This task is considered important because it takes into account the development differences of the candidate countries compared to those of the EU Member States. At the same time, the implementation of market instruments and mechanisms can accelerate the dominance of the market economy in former centralized economies. 1. The period following Romania`s first GATT trade policy review in December 1992 was characterized by a large number of events that have a direct impact on international trade relations as well as the multilateral trading system and, arguably, on Romania`s social and economic development. The REPORT of the WTO secretariat, accompanied by a statement of principles drawn up by Romania, will be reviewed on 4 and 5 October 1999 by the WTO`s Trade Policy Review Body (TPRB). The WTO TPR regularly conducts a joint assessment of all WTO members` trade policies and practices and monitors important trends and developments that may affect the global trading system. The secretariat`s report discusses the evolution of all aspects of Romania`s trade policy, including national laws and regulations, the institutional framework, trade policy by measure and by sector. Since the WTO came into force, the services and trade sectors of intellectual property rights have also been covered. 17.
Romania`s trading regime for dumping, subsidies or safeguards is contrary to that applied by Romanian exporters in certain markets. Some exports are limited because of the old measures taken many years ago. These anti-dumping or safeguarding measures have effectively put an end to our exports in important markets; if so, did not remove the corresponding measures. Such anti-dumping measures affect certain Romanian exports in three important markets. In two other cases, exports were not prejudiced under anti-dumping rules, but according to the Romanian assessment, Romanian exporters did not have the best conditions to defend their interests and now face anti-dumping duties. 16. In accordance with international rules, trade defence instruments may be applied in cases where imports create or threaten to disadvantage domestic industry, regardless of tariff protection. Under Romanian law, namely Law 133/1994 ratifying the WTO agreement, such measures can only be taken in strict compliance with the relevant provisions of the GATT and the WTO.