Economic Relations between Yugoslavia and Romania during the 1960s
Economic Relations between Yugoslavia and Romania during the 1960s

Summary/Abstract: Economic cooperation between Yugoslavia and Romania during the 1960s can be divided into three parts. The first lasted until 1964 and was characterized by relations at an extremely low level. The second period began with the Agreement on the Construction of Djerdap and lasted until 1969. The work of the Joint Committee for Economic Cooperation showed that the two countries had opportunities to significantly improve economic relations. The gap that existed between a high level of political relations and the concrete bilateral cooperation began to decrease only when cooperation intensified in 1969 and 1970. Turning to other forms of economic cooperation while at the same time increasing the trade between the two countries allowed the volume of economic exchanges to increase four times by the end of the decade (19 million dollars in 1960, 76 million dollars in 1970). The cooperation between the two countries in the economic sphere continued in the years that followed, but it never reached the previous level of political relations.

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