Romania and Bulgaria, located in the southeastern Europe region, are renowned for their cultural diversity and stunning landscapes, making them a popular tourist destination. In December 2023, the Schengen authorities announced that Romania and Bulgaria had agreed with Austria to become members of the Schengen Area. This agreement can make the immigration process much easier for tourists.
This article will provide insight about the New Schengen Members. But, before going further, let us give you an overview of the Schengen.
Schengen Area – An Overview
The Schengen Area is one of the most considerable achievements of the European Union. Schengen has 29 member countries. The International Air Transport Association (IATA) has announced that travelers will no longer face checks when crossing internal air and sea borders between the Schengen area.
Accession of Bulgaria and Romania in the Schengen Zone
Bulgaria and Romania have joined the Schengen Zone, allowing air and maritime control, promoting free movement, and fostering cooperation among European nations. Romania and Bulgaria had agreed with Austria to join the Schengen zone by March 2024 to promote free air and sea movement.
Economic Benefits of Accession of Bulgaria and Romania in the Schengen Zone
The following are the economic benefits of accession of Bulgaria and Romania in the Schengen zone.
- Stimulate Tourism
One of the main benefits of the Accession of Bulgaria and Romania to the Schengen Zone is it stimulates tourism because joining the Schengen Zone will eliminate the border control between Bulgaria and Romania and other member nations of Schengen. It will stimulate tourism within the nation for its citizens and make it more hassle-free and convenient.
- Increment in Trade and Investment
Schengen membership stimulates the movement of goods and services between Romania, Bulgaria, and other member nations of Schengen. This membership also removes the border control and numerous customs procedures, which simultaneously increase bilateral relations between Romania, Bulgaria, and Other member nations of Schengen.
- Strengthen Supply Chains
Schengen membership strengthens the supply chains. Under this, the movement of goods, services, and raw materials becomes much easier, through which the transportation cost becomes less and it will automatically strengthen the Supply chains.
- Business Growth Opportunities
The Schengen membership creates a favorable environment for business growth or expansion in Romania and Bulgaria. Companies operating in these countries can get the advantage of the free movement of Capital and these countries even have exposure to skilled professionals from other member nations of the Schengen Zone.
- Infrastructural Development
Another benefit of Schengen membership is it stimulates infrastructural development in Romania and Bulgaria to promote hassle-free cross-border trade, tourism, transportation, and other related activities.
- Job Creation
Another benefit of Schengen membership is it also increases the level of job creation in Romania and Bulgaria. Increased trade, tourism, and infrastructure development automatically increase the level of job creation in Bulgaria and Romania.
Conclusion
In this article, we have provided details about the new member countries of Schengen which are Romania and Bulgaria. Romania and Bulgaria joined the Schengen Area in December 2023, promoting free movement and cooperation among 29 European nations. The agreement eliminates border control, boosts tourism, and strengthens supply chains, creating business growth opportunities and infrastructure development. All these changes are implemented in March 2024.
For more details, you can contact Province Immigration via [email protected] or +91 98961 96762.
