EC says Romania’s ban on grain exports is “disproportionate”

By bne IntelliNews April 14, 2020

The European Commission has expressed its disapproval of Romania's decision to ban exports of agricultural products, Bloomberg reported quoting an emailed statement from the Commission.

Romania banned the exports of cereals, flour, by-products of grain used in the agriculture or food industry, sugar, vegetable oil and bakery and pastry products during the state of emergency declared in the country in the context of the new coronavirus (COVID-19) pandemic by military decree on April 9.

The EC says that it will analyse the impact that this ban will have on trade within the single market, Bloomberg reported.

“The reported measure appears to be not proportionate,” EU Agriculture Commissioner Janusz Wojciechowski said.

The Romanian government intends to continue to allow the sale of products in the EU, but buyers must prove that they will not re-export the products outside the EU, wrote Agerpres.

In a statement released on Saturday, the European Commission underlined that there are no reasons to limit trade within or outside the single market. Restrictions that place an "excessive burden" on exporters of agricultural products will affect food security, said the EU executive.

“The Commission does not have any information, which indicates that Romania is facing or will soon face shortages of agricultural products intended for human consumption,” said Wojciechowski.

Related Articles

Moldova’s largest lender maib puts Bucharest exchange listing on hold

The largest bank in Moldova, Moldova Agroind Bank (main), announced it is postponing its plan to list on the Bucharest Stock Exchange (BVB) because certain provisions in Moldovan legislation make the ... more

Romania’s leading financial group Banca Transilvania reportedly takes over BRD Pensii

Banca Transilvania, the leading financial group in Romania by assets, has reportedly reached the stage of agreeing technical and legal details for the takeover of BRD Pensii division from BRD-SocGen, ... more

Romania’s leading lender Banca Transilvania takes over OTP Bank’s subsidiary

Romania’s largest financial group by assets, Banca Transilvania (BVB: TLV), announced that it had signed a contract ... more

Dismiss