Stewart (AMRO): We can expect important US investments in Romania

The U.S. ranks somewhere on the 13th spot in an official ranking of the direct foreign investments made by the American companies in Romania, but according to Stewart it is not the real position, given many investments of the U.S. subsidiaries based in Europe can be seen as Dutch or British investments, when in fact it is about U.S. companies that use their European divisions to achieve investments in Romania.

The business opportunities in Romania are energy, infrastructure, goods production, information technology and health, the AMRO president stressed.

I think we'll assist, in the future, to the initiative of some American companies which will wish to turn Romania into a transport hub for their businesses, but an important part of these projects is the improvement of the infrastructure by Romania in order to achieve linkage to Turkey, the Balkans, the Middle East, Ukraine, Russia, Stewart stressed.

According to him, competition is the major obstacle to a more substantial presence of the U.S. firms in Romania. In order to have success in a global competition for investments that would involve 200 states from across the world, AMRO, as an organisation, will offer ideas and recommendations relating the changes or initiatives to make the country more attractive to the American investors and to make their businesses easier.

The American-Romanian Business Council - AMRO, a non-profit organisation based in Washington, aimed at promoting the economic relations between Romania and the U.S. was launched on Jan. 25, 2012 in Washington.

The initiative was launched with the support of 10 big U.S. companies (Chevron, Exxon, ADM, Smithfield, Raytheon, Pharma, Metlife, Amgen, Timken, Mega), operating in a vast array of businesses: energy, agriculture, defence industry, pharmaceutical industry, processing industry, storage infrastructure, insurance.

The Council is led by Chevron as president and Exxon as vice president, with Eric Stewart being elected to executive president of the new body.

The Council mission is to strengthen the economic exchanges and investments between the two countries, to deepen the bilateral relations and to educate the public with respect to their importance.

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