This ensures that the freedom of movement for persons, goods, services and capital, can fully materialize and bring about flexible and dynamic economies. Second, the ten new EU Member States are the best example of how the FDI landscape has changed in the course of the European integration process.
They have experienced trade intensification and a wave of FDI inflows, not just since May 2004 but already in the years preceding their membership. In 2005, FDI inflows into all ten countries rose by 19%, reaching new record levels. Let me at this point express how pleased I am that Bulgaria and Romania will join the EU as new members in January 2007.