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Romania – Systematic Country Diagnostic : background note – trade (Английский)

Romania's openness to trade—measured as the share of imports and exports in GDP—significantly increased over the last two decades. The ratio of trade openness increased from 60.4 percent to 83.7 percent between 1996 and 2016. In 1995–1996, Romania's position below the red line in Figure 1 below indicates that it under-traded compared with countries having similar incomes per capita, and with some of the latest entrants into the EU (in blue in the...
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