Romania Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in romania, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
Trade Agreements
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Romania has signed several bilateral Double Tax Agreements (DTAs) following the OECD model. The DTAs prevail over domestic legislation (a certificate with the foreign fiscal residency to be presented to the Romanian tax authorities [ANAF]). A reduced level of withholding taxes applies to companies based in a country with DTAs agreement in force.

EU preferential commercial agreements, benefiting Romania:

  • EU’s Generalized Scheme of Preferences (GSP) removes import duties from products coming into the EU market from vulnerable developing countries.
  • Euro-Mediterranean partnership
  • EC regulation no. 55/2008 introducing autonomous trade preferences for the Republic of Moldova:
  • Partnership agreements between the EU and ACP countries (West Africa, East Africa, Southern Africa and Indian ocean, Central Africa, Africa, Caribbean and Pacific, Asia, Central Asia, Middle East/Gulf, Pacific, Latin America, Caribbean, Overseas Countries and Territories)
  • TTIP (The Transatlantic Trade and Investment Partnership) - The TTIP negotiations were launched in 2013 and ended without conclusion at the end of 2016. A Council decision of 15 April 2019 states that the negotiating directives for the TTIP are obsolete and no longer relevant. EU negotiating texts in TTIP

Relevant sources @Trade_EU:

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

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Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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