Romania for enhancing economic ties with Pakistan

KARACHI – Exchange of trade delegations and participation in exhibitions will bring closer the private sectors of Pakistan and Romania, which will enhance bilateral trade and economic relations.This was stated by Khalid Tawab, Sr Vice President FPCCI.He stressed the need for strengthening trade and economic relations between Pakistan and Romania and said that both countries have prospects in different sectors including agriculture, information technology, energy, housing, industries, engineering and construction.

He made these remarks during a meeting with Ambassador of Romania Emilian Ion, who visited FPCCI along with Tariq Saud, Honorary Consul General of Romania in Pakistan.Tawab said that exchange of delegations is an important tool in enhancing trade.He emphasized on reactivation of exhibition activities of Pakistan in Romania and said that FPCCI will plan to organize Pakistan pavilion in the next Bucharest International Fair.
Ambassador of Romania said that Romania is the 7th largest member of European Union.
He expressed Romania’s wish of working together with the Pakistani partners in every sector of the economy and culture as well at all levels, in order to promote and consolidate the bilateral cooperation in the political, economic/trade, cultural and other fields.
The Romanian Ambassador also said that Pakistan is considered tourist destination.
He urged the business community to evolve an effective and sector-specific strategy in collaboration with Romanian businessmen for increasing the volume of two-way trade.Both sides decided to activate Joint Business Council of Pakistan and Romania.Khalid Tawab further said that current volume of trade of $193 million does not reflect current potential between the two countries.
Pakistan’s major exports to Romania are cotton, manmade staple fibre, textile articles, worn clothing, raw hides and skin, articles of leather, travel goods, footwear, oil seed, fruits, grain, seed and fruits, etc.
Pakistan’s major imports from Romania are wood and articles of wood, wood charcoal, mineral fuels, oils and articles of iron or steel besides machinery, organic chemicals, electrical products, pharmaceutical products, articles of rubber and furniture etc, he added.

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