Saturday, November 17, 2007

Romania offers huge potential for Pak traders

Commerce Reporter

LAHORE: Romanian Trade Commissioner, Ioan Campean has said that Romania, being a new member of European Union, offers a huge potential for Pakistani businessmen in a number of sectors including manufacturing, automotive parts, electric and electronic goods, wood processing, textiles, construction materials, food processing, infrastructure and real estate.

Speaking at a seminar on "Business Opportunities between Romania and Pakistan" at Lahore Chamber of Commerce and Industry (LCCI) on Friday, he said, Romania is the second largest market in Central and Eastern Europe with easy access to the CIS countries, Balkans, the Middle East and Northern Africa.

He said that two-way trade between Romania and Pakistan had been improving with every passing day but still a lot can be done to take the bilateral trade volume to the desired levels. "We believe that exchanges of businessmen can help boost the bilateral trade between the two-friendly nations significantly," he said. He said that Pakistan and Romania can also enhance their cooperation in the fields of agriculture, alternate energy sources and information technology. In January 2007, he said, Romania became a member of European Union and this is an added advantage to the businessmen who would initiate joint ventures with their counterparts from East European nation.

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

Speaking on the occasion, the LCCI President, Shahid Hassan Sheikh said that there is a great potential of trade between the two countries. Pakistan is a producer of finest quality of textile articles, articles of apparel, carpets, surgical & sports goods, fruits & vegetables, leather products, plastic & plastic products, furniture, manmade filaments, pharmaceutical products etc. which Romania is importing in bulk quantities from rest of the world.

Similarly, he said, Romania's main exports consist of metals & metal products, machinery & equipment, minerals & fuels, chemicals & agricultural products.

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