Trade volume between Pakistan, Romania can be enhanced upto $500m

Rawalpindi: Romanian Ambassador to Pakistan Nicolaie Goia on Thursday has said that there is a lot of room for promotion of trade between Pakistan and Romania. Romania has vast business opportunities and Pakistani businessmen should come forward and avail these opportunities.

He said this during meeting with business community of Rawalpindi city in Rawalpindi Chamber of Commerce & Industry (RCCI). RCCI President Zahid Latif Khan, Senior Vice President Nasir Mirza, Vice President Khalid Farooq Qazi, Executive Committee members and traders attended the meeting.

The Romanian Ambassador expressed hope that current bilateral trade volume can be enhanced from $100 million to $500 million. The ambassador said that Romanian investors are keen to step in joint ventures with their Pakistani counterparts. He said that exchange of delegations between Romania and Pakistan can help boost the bilateral trade volume which at the moment does not match the potential exist in the two countries. The envoy suggested that Pharmaceutical, Machinery, Tourism and Agriculture will serve as promising sectors for boosting bilateral trade. He also lauded RCCI efforts in promoting trade activities in the region.

RCCI chief Zahid Latif Khan on this occasion said that Romania has been the fastest growing economy of the European Union with a growth rate of 5.7%. Pakistan and Romania have longstanding cooperation in political, economic, cultural and scientific fields. He said that with respect to trade, both countries could greatly benefit from each other.

He said that RCCI had been striving to find out new ways for increasing exports. Possible joint ventures can be made in different sectors like pharmaceutical, poultry, gems and jewelry, textile and marble. RCCI will work closely with chamber of commerce of Romania and expressed hope that a business delegation will be taken to Romania to explore new markets, he added. He also invited envoy to participate in the ‘RCCI 10th All Pakistan Chamber Presidents Conference in Gwadar in March 2018 and Rawal International Expo in April 2018.