Publicat pe 17/09/2020

Bucharest, September 17th, 2020: The President of the Chamber of Commerce and Industry of Romania (CCIR), Mr. Mihai Daraban, received, on Thursday, September 17th, the visit of H.E. Mr. Zafar Iqbal, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan to Romania. The main purpose of the visit was to evaluate the bilateral trade relations when the H.E. Mr. Zafar Iqba took over the ambassador’s portfolio.

During the meeting, the President of CCIR, Mr. Mihai Daraban highlighted the importance of the Constanța Port as an efficient alternative for the transit of Pakistani goods to Europe: “The Constanța Port can become an important gateway for Pakistan to EU countries and beyond. It is a route that can also be competitive in terms of costs, given the possibility of transit of goods by the river, on the Danube, to destinations in Central and Western Europe”.

H.E. Mr. Zafar Iqbal, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan to Romania, noted the growth potential of trade between the two states concerning the current volume and on this occasion expressed his intention to develop economic relations with Romania: “One of the main objectives when taking over the mandate is to intensify trade relations with Romania, the potential of bilateral trade can be improved ”.

The President of CCIR, Mr. Mihai Daraban reiterated the importance of economic relations between Romania and Pakistan and appreciated the Embassy’s initiative to boost and intensify cooperation between the two states, both commercial and investment point of view: “This initiative correlates perfectly with one of the main objectives of CCIR, such as supporting the access of Romanian companies on extra-community markets, and Pakistan is one of the priority destinations on the agenda of Romanian companies”.

Background

According to the information provided by ONRC, by July 2020, R.I. Pakistan is not in the top 50 countries of residence of investors with foreign participation in the share capital. Currently, a total number of 277 companies with Pakistani capital of 9.6 million Euros operate in Romania.