European Union (EU) food producers and manufacturers will gain duty free penetration of the Romanian market by 2007 for a wide range of products, even if the country’s planned EU accession that year falls through.
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Under a free trade deal designed to ease its membership, Romanian duties would be phased out on lines ranging from confectionary and dairy products to bread and vegetables.
In return, Romanian producers get duty free access by 2007 for a similarly wide range of food products. Also, most EU duties will be removed upon ratification, while Romania will remove its duties over the next three years for roughly half the goods affected.
