Pak-Romania have prospects in different trade and investment sectors

YarnsandFibers News Bureau 2016-03-27 13:00:00 – Karachi

The two countries Pakistan and Romania have prospects in different trade and investment sectors, main ones are agriculture, textile, information technology, energy, engineering and construction. Khalid Tawab, Sr. Vice President, FPCCI Khalid Tawab, Senior Vice President FPCCI stressed the need for strengthening trade and economic relations between Pakistan and Romania.

The Senior Vice President FPCCI expressed his sentiment in a meeting with Ambassador of Romania H.E. Emilian Ion who visited FPCCI along with Tariq Saud Honorary Consul General of Romania in Pakistan

Exchange of trade delegation and participation in exhibitions will bring closer the private sector of Pakistan and Romania will enhance bilateral trade and economic relations.

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.

While, Pakistan’s major imports 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. from Romania.

Romania is the seventh largest European Union Market, adding that it would provide support to Pakistani entrepreneurs to get the benefit of exporting their products to the European Union countries

However, the current volume of trade of US$193 million does not reflect current potential between the two countries.

Pakistan-Romania Business Council was working as a bridge between business communities of both the countries for exploring new avenues of commercial and economic cooperation.

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