Some aspects regarding the Romanian-Austro-Hungarian commercial relations in the second half of the 19th century and the beginning of the 20th century Cover Image

Unele aspecte privind relaţiile comerciale româno-austro-ungare în a doua jumătate a secolului al XIX-lea şi la începutul secolului al XX-lea
Some aspects regarding the Romanian-Austro-Hungarian commercial relations in the second half of the 19th century and the beginning of the 20th century

Author(s): Gheorghe Bărbănţan
Subject(s): History
Published by: Editura Academiei Române
Keywords: economy; protectionism; nationality

Summary/Abstract: During the second half of the nineteenth century and the beginning of the twentieth century, Austria-Hungary was Romania's main commercial partner, covering approximately thirty percent of Romania's commercial imports balance. The Commercial Convention signed in June 1875 afforded the Austria-Hungary's goods a privileged position within the Romanian market. As a result, between 1875 and 1885 the value of the Austrian exports in the country increased by three hundred percent while Romania's commercial balance had deficits of almost seven hundred millions lei yearly. This affected the local industries and called for public interventions of the Romanian authorities. Using newspapers' information, this article uncovers the economic and political implications of the act signed in 1975 and the later development of the economic bilateral relations until the late 1890s. The custom war began by the Austrian authorities as a reaction to intention of the Romania's liberal government to re-negotiate the Convention's terms limited the access of Romanian goods on the Empire's market. Furthermore, the conflict received an international connotation in 1889 when the quality of the Romanian products was questioned in the Times newspaper. Subject to similar actions, Serbia chose to invigorate its commercial ties with Russia and Romania.

  • Issue Year: XLIX/2010
  • Issue No: 49
  • Page Range: 299-308
  • Page Count: 10
  • Language: Romanian