Romania For Improving Economic Ties With Pakistan

Exchange of trade delegations and participation in exhibitions will bring closer the private sectors of Romania and Pakistan, which will improve bilateral trade and economic relations.

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This was stated by Khalid Tawab, Sr Vice President FPCCI.

He stressed the requirements for strengthening trade and economic relations between Romania and Pakistan and said that both countries have prospects in different sectors incorporating industries, information technology, agriculture, housing, construction, engineering and energy.

He made these remarks during a meeting with Ambassador of Romania Emilian Ion, who visited FPCCI alongside Tariq Saud, Honorary Consul General of Romania in Pakistan.

Tawab said that exchange of delegations is an imperative tool in improving trade.

He underscored on reactivation of exhibition activities of Pakistan in Romania and said that FPCCI will plan to organize Pakistan structure in the next Bucharest International Fair.

Ambassador of Romania said that Romania is the 7th biggest member of European Union.

He expressed Romania’s wish of working together with the Pakistani partners in each sector of the economy and culture also at all levels, in order to promote and consolidate the bilateral cooperation in the cultural, economic/trade, political and other fields.

The Romanian Ambassador additionally said that Pakistan is considered tourist destination.

He urged the business community to evolve an effective and sector-particularly strategy in collaboration with Romanian businessmen for expanding the volume of two-way trade.

Both sides decided to activate Joint Business Council of Romania and Pakistan.

Khalid Tawab further said that current volume of trade of $193 million doesn't reflect current potential between the two countries.

Pakistan’s major exports to Romania are cotton, worn clothing, textile articles, articles of leather, raw hides and skin, man-made staple fibre, travel goods, grain, oil seed, fruits, footwear, fruits and seed, etc.

Pakistan’s major imports from Romania are wood and articles of wood, oils and articles of iron or steel besides machinery, mineral fuels, electrical products, pharmaceutical products, wood charcoal, organic chemicals, articles of rubber and furniture etc, he included.

Originally Published on The Nation

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