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Considerations on the Romanian International Trade with Agri-Food Products

Author

Listed:
  • Cezar Ionut BICHESCU

    (Dunarea de Jos University of Galati, Romania)

  • Silvius STANCIU

    (Dunarea de Jos University of Galati, Romania)

Abstract

The national food market depends on imports, although Romania has important natural resources favorable to agricultural production, which, properly exploited, could cover the domestic demand and would allow farmers to obtain some significant export benefits. Although the Romanian production of cereals has registered a significant increase over the last period, excessive exports of raw materials, overlaid on processed food imports, have led to a permanent increase in Romania's balance deficit during recent years. The paper proposes considerations over the domestic food production from the perspective of foreign trade with food, highlighting the main factors that have helped to cover the domestic demand from imports. The main imbalances encountered at national level are those from the fruit and vegetables, coffee and cocoa sectors, milk and dairy products, namely meat and meat products. The problems of the Romanian agricultural sector (excessive fragmentation of agricultural holdings, lack of qualified staff, reduced investments in the purchase and modernization of equipmens, lack of a functional irrigation sector), correlated with a decrease competitiveness of the local food industry, will further lead to the increase in Romania's dependence on imports. Applying certain viable strategies to support the agricultural sector, combined with measures to encourage the raw materials processing at national level and to increase indigenous food consumption, can lead to a decrease in imports and balancing the national trade balance on agri-food products. The perspectives of the national food sector are not encouraging, given the lack of effective national measures and the low reactivity of the domestic business environment.

Suggested Citation

  • Cezar Ionut BICHESCU & Silvius STANCIU, 2018. "Considerations on the Romanian International Trade with Agri-Food Products," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 30-37.
  • Handle: RePEc:ddj:fseeai:y:2018:i:2:p:30-37
    DOI: 10.26397/eai158404094
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    References listed on IDEAS

    as
    1. Silvius T. STANCIU, 2014. "The Romanian Food Sector Attractiveness For Foreign Investment," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 603-610, November.
    2. Silvius T. STANCIU, 2014. "Romanian Beef & Veal Meat Market Analysis," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 381-388, July.
    3. Silvius STANCIU, 2014. "The Romanian Swine Market in the EU Context," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 87-96.
    4. Silvius T. STANCIU, 2014. "Romanian Milk Market Analysis," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 373-380, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Silvius Stanciu & Florina Oana Virlanuta & Oana Alexandra Vochin & Romeo Victor Ionescu & Valentin Marian Antohi, 2019. "Fast Moving Consumer Goods (FMCG) Market in Romania. Features and Trends," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 778-778, November.
    2. repec:fst:rfsisf:v:8:y:2023:i:15:p:168-180 is not listed on IDEAS
    3. Marilena Potârniche (Berheci) & Ionut Laurentiu Petre & Florentina Marin (Pascu), 2023. "Analysis of Romania's Foreign Trade with Main Partner - Financial Views on the Agri-Food Sector," Journal of Financial Studies, Institute of Financial Studies, vol. 15(8), pages 168-180, November.

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    Keywords

    Food; Production; Market; Trade; Romania;
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