EU offers Romania free trade—admission not required

October 6, 2004, as reported by The European Union (EU) has proposed a free trade agreement with Romania to go in effect by 2007. The agreement which will give EU food producers and manufacturers duty free access to Romanian markets is not contingent on Romania’s entry to the EU.

Under the agreement Romanian duties would be phased out on lines ranging from confectionary and dairy products to bread and vegetables. In return, Romanian producers get duty free access by 2007 for a similarly wide range of food products. Also, most EU duties will be removed upon ratification, while Romania will remove its duties over the next three years for roughly half the goods affected.