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Romanian textiles and clothing industry – present and perspectives

Author

Listed:
  • Ovidiu FOLCUT

    (Romanian American University, Bucharest, Romania)

  • Diana-Mihaela POCIOVALISTEANU

    (Constatin Brancusi University of Targu Jiu, Romania)

  • Radu DESPA
  • Razvan MUSTEA
  • Iuliu IVANESCU
  • Mona Maria IVANESCU

    (Romanian American University, Bucharest, Romania)

Abstract

In January 2007 Romania joined the EU. Since then its current import duties for clothing and textiles has dropped a full 10% to between 6% and 8%. Consequently, import and re-export opportunities for Hong Kong, the Chinese mainland and other Asian suppliers are expected to increase, according to local Romanian importers. Chinese mainland firms are said to have invested US $254 million in the Romanian economy, but no details are available about the proportion directly invested in the clothing and textile sectors. Romania is now a lesser force in the garment and textile industry than it used to be, where it comes to feeding the EU market - even though the country is still the largest producer of such goods in Central and Eastern Europe, ahead of comparable economies such as Ukraine and Bulgaria. Romania also easily outcompetes more expensive labour in Hungary and Poland, neither of which are now considered contenders for price-sensitive trades, say Romanian analysts.

Suggested Citation

  • Ovidiu FOLCUT & Diana-Mihaela POCIOVALISTEANU & Radu DESPA & Razvan MUSTEA & Iuliu IVANESCU & Mona Maria IVANESCU, 2009. "Romanian textiles and clothing industry – present and perspectives," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 239-256, December.
    • Handle: RePEc:cbu:jrnlec:y:2009:v:3:p:239-256
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    Citations

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    Cited by:

    1. Teodor HADA & Nicoleta BARBUTA-MISU & Teodora Maria AVRAM, 2016. "Financial CEMATT Method: a New Approach for Performance Assessment using Accounting Information," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 10-17.
    2. Mădălina Adina Opriș (Stănilă) & Gabriel Brătucu, 2016. "Strategies For Advancing Smart Economic Development Of The Textile Industry In Romania," Journal of Smart Economic Growth, , vol. 1(1), pages 107-116, August.

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