Smart Start USA: New project to support Romanian exports to the US

Smart Start USA - a new project to support Romanian exports to the United States - was launched on Monday, 11 June, in Bucharest, by the Romanian Chamber of Commerce and Industry (CCIR).

Smart Start USA aims to finance and facilitate the access of at least 10,000 SMEs and Romanian entrepreneurs to the United States market annually. It also aims to strengthen the strategic partnership between Romania and the US, especially its economic dimension, but also its cultural, social and educational dimension.

CCIR President, Mihai Daraban, urged the business community to access European non-EU markets, where “Romania counts 15%”. With regard to trade with the United States of America, CCIR President appreciated the great efforts made in recent years that have targeted positive results: “In January-February trade reached the threshold of 507.7 million Euros, compared to 495.3 million Euros in the same period last year. We have 1389 companies with over 50% US capital, with 498 million lei subscribed capital. A total of 419 of these companies have a significantly subscribed capital of over 10,000 lei and provide over 14,000 jobs in Romania. Direct investment amounts to 1.34 billion Euros, but I think there is still room for improvement”, Mihai Daraban said.

Smart Start USA project will focus on the following economic segments: IT, automotive, real estate market, pharmaceuticals and medical, furniture and handicraft, tourism, agriculture, financial investment.

Source:RRA,CCIR