Intra-EU Trade Versus Extra-EU Trade. The Integration Degree of Goods and Services on Romanian Market (Report‪)‬

1. INTRODUCTION Strengthening the single internal market, as a result of economic integration, has contributed to increased trade and investment flows within the EU and enhancing liberalization of markets and thus lead to increased competition dimension of EU cross-border economic activities. Eliminating non-tariff barriers and ensure free market access for services--banking, financial, telecommunications, etc..--turned the service sector in a dynamic component of EU trade flows, and also the biggest target for FDI. There must, however, overlook maintaining a high degree of fragmentation of the internal market for services. It is equally true that the current global financial and global economic crisis significantly affected cross-border transactions conducted at both intra-and extra-EU,