International trade – between sustainability and circularity. Study case on Romania
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BĂNICĂ, Elena. International trade – between sustainability and circularity. Study case on Romania. In: Competitivitatea şi inovarea în economia cunoaşterii: Culegere de rezumate, Ed. Ediția 27, 22-23 septembrie 2023, Chişinău. Chişinău Republica Moldova: "Print-Caro" SRL, 2023, Ediţia a 27-a, Volumul 1, p. 107. ISBN 978-9975-175-98-2.
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Competitivitatea şi inovarea în economia cunoaşterii
Ediţia a 27-a, Volumul 1, 2023
Conferința "Competitivitate şi inovare în economia cunoaşterii"
Ediția 27, Chişinău, Moldova, 22-23 septembrie 2023

International trade – between sustainability and circularity. Study case on Romania

JEL: Q56, Q01, F18

Pag. 107-107

Bănică Elena
 
National Institute for Economic Research “Costin C. Kiritescu” (INCE), Romanian Academy
 
 
Disponibil în IBN: 15 februarie 2024


Rezumat

The paper analyse the dynamics of Romania's external trade in electrical and electronic equipment (EEE), especially in the context of its membership in the European Union (EU) and amidst global crises. The selection of "Electrical and Electronic Equipment (EEE)" as the focal category for this research is driven by several compelling reasons such as prevalence in modern society, economic significance, environmental impact, rapid technological advancements, regulatory challenges, global crises impact. As international trade becomes increasingly intertwined with environmental and socio-economic concerns, the principles of sustainability and circularity emerge as pivotal to shaping future trade policies and practices. Romania, with its strategic position in the EU, faces unique challenges and opportunities in aligning its EEE trade with these principles. The research begins by mapping Romania's EEE trade patterns over the past decade, highlighting the significant growth in both imports and exports. This growth, while indicative of economic progress, has also raised concerns about waste generation, resource depletion, and environmental degradation. The EU's emphasis on a circular economy, aiming to reduce waste and promote resource efficiency, offers a framework for Romania to restructure its EEE trade practices. However, the path is fraught with challenges, especially in the face of global crises such as supply chain disruptions, economic downturns, and environmental calamities. Through an in-depth analysis, this study uncovers the regulatory, economic, and environmental challenges Romania faces in its quest for sustainable and circular EEE trade. It also explores the role of the EU in shaping Romania's trade policies, offering both support and directives to ensure alignment with broader European sustainability goals. The research underscores the importance of collaborative efforts, both at the national and EU levels, in fostering innovation, promoting responsible consumption and production, and ensuring that trade does not come at the expense of the environment. In conclusion, the paper assumes that while global crises present significant challenges, they also offer Romania an opportunity to rethink and reshape its EEE trade practices. By embracing the principles of sustainability and circularity, Romania can not only ensure economic growth but also contribute to a more resilient, sustainable, and inclusive global trade ecosystem.

Cuvinte-cheie
Trade, export, import, Electrical and Electronic Equipment (EEE), sustainability, circularity, Global crises