AmCham to promote Romania as destination for American investments at economic forum in Washington DC

The American Chamber of Commerce in Romania (AmCham Romania) has announced the 3rd edition of the US - Romania Economic Forum, to be held for the first time in Washington DC on June 20, 2024, to promote Romania as a destination for American investments, reads a press statement released by the organisation."AmCham launched the U.S. - Romania Economic Forum in 2022 to mark the 25th anniversary of the Strategic Partnership between the two countries, as a statement of confidence in the future of economic relations. The impact of previous editions and the support of AmCham's more than 570 member companies power our mission to contribute to Romania's prosperity by attracting American investments and supporting Romanian companies to access the American market. This year, we are taking the Forum to Washington DC to invite American investors to choose Romania, the best destination for US investments in the region. In a global context that rests the investment decisions on criteria other than geographical ones - shifting from nearshoring (investments in neighboring countries) to friend-shoring (investments in friendly countries), the current momentum in our bilateral relations is a valuable advantage that Romania must capitalize on. Also in Romania's favour, during the June 20 discussions with American investors, we will highlight the robust economic growth, which makes the country a regional champion, " AmCham Romania Chairman Cristian Sporis is quoted as saying.The US - Romania Economic Forum: Partnership for Growth will gather officials from both administrations and leaders of American companies in Romania, alongside AmCham representatives to present Romania's investment profile and the country's potential to become a hub for American investments in the region. The forum is supported by the U.S. Embassy in Bucharest and the Romanian Embassy in Washington DC.In his turn, Dinu Bumbacea, deputy chair of AmCham Romania, said they believe in Romania's potential to attract capital and investments."From the IT sector to energy, FMCG, healthcare, agriculture, and financial banking services, there are numerous opportunities we will bring to the attention of American investors at the U.S. - Romania Economic Forum. Like other countries in the region that have managed to attract major American investments, Romania needs such business bridges and platforms that promote the existing bilateral partnership, the success of past investments, and, very importantly, connect investors with opportunities. We are convinced that this AmCham initiative will contribute to the shared goal of building sustainable long-term economic benefits for both countries."The US - Romania Economic Forum organised by AmCham Romania will feature messages from government officials, heads of the two diplomatic missions, representatives of AmCham and the US Chamber of Commerce, as well as from company leaders from various sectors who will present the perspective of American investors already present in Romania.