Romania agreed that the community trade mark (European Council Regulation no. 40/94/EC of December 20, 1993) should produce effects in its respect as well in order to have an unitary effect throughout the Union’s entire territory.
Also, since the date of adhesion to the EU, Romania applies custom duties set on annual basis by the European Committee, as well the restriction measures or prohibition also adopted by the European Committee.
As a result of applying TARIC (Integrated Tariff of the European Communities) – designed to show the various rules applying to specific products when imported into the EU – to most of businesses importing goods from outside EU, after Romania’s adhesion to EU the custom duties had lowered (mainly for industrial goods), while for other goods (mainly agriculture products) they had raised. Standard VAT rate is 19%.
Romanian market has potential for US franchises in industries such as: manufacturing technologies, fast-food (small units requiring start-up investments under $ 200,000), business management, human resources, training, cleaning services, automotive, foreign languages education, hotels, with an investment of $ 2,000,000. American production franchises that can use raw materials from Europe are preferred.
