“As long as we export directly to Europe, we will face difficulties, we must reconsider the exports to the non-EU area and find other important markets,” Raiffeisen Bank chief-economist Ionut Dumitru told a news conference Wednesday.
Dumitru showed that in 1991, the share of Romania’s exports to the European Union was at 44.3%, while in 2011 it reached 71.1%.
Romania’s exports to the countries of the former Soviet Union decreased from 23% in 1991, to 6% in 2011, while to the Arab countries from 4% to 2%.
Dumitru explained Romania could set partnerships with these countries, promoting their products on the local market and ours on their market.
Chief-economist with Garanti Bank, Rozalia Pal, equally believes Romania should head to countries such as China or the United States, the eurozone currently not being of much help for trading.