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Romania Ranks Among Countries Less Trade-Liberalized – World Bank

Romania ranked 116 from 125 countries in 2006 given the country’s trade liberalization degree, but ranked 10 in the top of most diversified countries by export products, the World Bank said in a report.
Romania Ranks Among Countries Less Trade-Liberalized – World Bank
16 iun. 2008, 13:44, English

Romania, which enters the category of middle-income countries, has a restrictiveness index of 14.8 points, placing the country between Uganda (14.65 points) and India (15.05 points), the World Bank said in the report.

Hong Kong and Singapore are the least restrictive countries in the world having a restrictiveness index equal to zero.

Romania’s 2007 trade deficit stood at EUR21.59 billion, or 17.8% of gross domestic product. Romania’s Prognosis Commission sees this year’s trade deficit at EUR24 billion, or 17.9% of GDP.

In January-April, the trade deficit widened by 14.36%, to EUR6.9 billion, as exports outpaced imports.