ARIAM

Regional Regulatory Cooperation Project – STATEMENT

Half a century of progress toward the elimination of tariffs and quotas around the
globe has helped generate prosperity in Romania and abroad. However, divergent,
market-distorting regulations are increasingly impeding global markets and
threatening the long-term competitiveness of companies.
The threat is urgent and growing. Increasingly burdensome and interventionist
policies as well as multiple layers of incompatible regulations are hindering the
operation of efficient markets and preventing some of the most successful and
innovative companies from commercializing their products, services and technologies
around the world. As a result, the world's economies operate inefficiently and
consumers are adversely impacted by fewer choices and higher prices.
Left unchecked, regulations that erect de facto barriers to trade — done in a way that
circumvents existing bilateral and multilateral trade disciplines — will result in long-
term harm to Romanian competitiveness, innovation, and economic growth. Some of
these regulations are designed with protectionist goals; others are promulgated by
domestic regulators not concerned with minimizing the extraterritorial impact their
regulations have on global markets.
New strategies must be developed to fully materialize the gains made from trade, the
WTO, and bilateral trade agreements. The promotion of market-oriented policies
relies on the successful integration of trade, competition, and regulatory policy, three
areas that have traditionally not been linked.
Governments write the rules that govern the competitive playing field, but the
Chamber and its member companies can become the necessary catalyst to making
an open, competitive marketplace a priority for governments. With this goal in mind,
the Romanian Iraqian Chamber should create the Regional Regulatory Cooperation
Project to engage governments at home and abroad, promote the intersection of
trade and regulation, generate the appropriate political pressures, monitor
developments, and work to ensure that markets around the world continue to
become more open and increasingly competitive.
Mircea Halaciuga,Esq
http://asociatiaariam.webs.com/
0040.72.458.1078
Date: dec 18.2008