International Trade: Romanian Trade Data

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Report Type	Reports and Testimonies
Report Date	July 20, 1992
Report No.	GGD-92-114
Subject	Foreign governments Foreign trade agreements Gross national product Human rights violations Import regulation Import restriction International economic relations International trade regulation International trade restriction Tariff agreements Romania Economic analysis

Summary:

Romania held most-favored-nation (MFN) status from 1975 until 1988, at which time the Ceausescu regime relinquished it in the face of mounting U.S. objections to Romanian human rights violations. Although Romania underwent major changes in 1989, the United States continued to withhold MFN trade status because of concerns about the commitment of the new Romanian government to democratic principles, respect for human rights, and market reform. In response to Romanian progress in these areas, the administration has begun steps toward restoring MFN status. This report provides data on (1) the leading U.S. imports from Romania from 1985 to 1991, (2) the impact of MFN status on tariff rates for leading U.S. imports from Romania, (3) leading U.S. exports to Romania from 1985 to 1991, and (4) the near-term economic and trade outlook for Romania.

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International Trade: Romanian Trade Data