Trade, economic cooperation: There’s significant room for growth: Romanian envoy

Romanian Ambassador to Pakistan, Dr. Dan Stoenescu, stated that there is significant potential for growth in trade and economic cooperation between Romania and Pakistan. During a press conference at the National Press Club, the ambassador highlighted that the current annual trade between the two countries is valued at $156 million. He also discussed Romania's active support for business exchanges, and the embassy's efforts to foster connections between Romanian and Pakistani firms.

The ambassador provided insights into Romania's foreign policy, emphasizing its relationship with Pakistan, European developments, and regional security concerns, particularly the ongoing conflict in Ukraine and the situation in the Black Sea. A delegation from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is scheduled to visit Romania in December to explore potential opportunities in technology, agriculture, and logistics in cities such as Cluj and Iasi.

The two nations share a strong historical relationship that dates back over 60 years. During the 1970s, numerous Romanian specialists worked in Pakistan, and direct flights connected Bucharest and Karachi until 1996. While current levels of engagement may not match those historical figures, both countries are actively working to rebuild trade and economic cooperation in key sectors like renewable energy, IT, agriculture, and infrastructure.

The ambassador mentioned that Romania and Pakistan are working towards advancing political dialogue, both bilaterally and through the EU, with plans for official delegation visits in early 2027.

The Karachi Port Authority is a crucial economic hub in Pakistan, and the ambassador stressed the importance of building new shipping links between Romania and Pakistan. He explained that goods can be shipped from the Black Sea via the Danube River, a river that flows through multiple European countries including Romania, Bulgaria, Serbia, Hungary, Austria, Slovakia, and Germany.

This route connects seamlessly with the Rhine-Main canal network, ultimately leading to the Port of Rotterdam, making Romania an essential gateway for Pakistani exports entering the European market. Romania's economy has experienced substantial growth since the fall of communism in 1989, with its GDP quadrupling following the country's accession to the European Union and NATO.

The ambassador also highlighted the importance of military cooperation as a cornerstone of the long-standing relationship between Romania and Pakistan. He mentioned that military collaboration has been ongoing for decades, including frequent exchanges between leaders, such as the visit of the Pakistani Air Force Chief to Romania.

Currently, the Romanian Air Force Chief is scheduled to visit Pakistan, while focusing on home security challenges, including incidents involving Russian drones. Despite these security concerns, the ambassador emphasized a decrease in illegal migration and an increase in legal, well-regulated labor mobility, alongside growing partnerships in education and technology.

In conclusion, Romanian Ambassador Dr. Dan Stoenescu expressed optimism about the potential for growth in trade and economic cooperation between Romania and Pakistan. He emphasized the importance of maintaining strong alliances, especially within the European Union, and fostering military cooperation to ensure regional stability and promote global trade.