ISLAMABAD, Pakistan: The Romanian Ambassador to Pakistan Nicolae GOIA has said that his Country is the fastest growing economy in Europe and there is a great potential for improving Pakistan-Romania bilateral trade.

In his address at a Conference on “Pakistan-Romania Friendship and Centennial Celebrations of Romania” organized by the Center for Global & Strategic Studies (CGSS) in collaboration with the Romanian Embassy in Islamabad on Thursday to celebrate the 100 years of unity of Romania, Nicolae GOIA said that Pakistan and Romania have been enjoying historical friendship and traditional cooperation in many fields for the past many years but there is a need to enhance trade volume between both Countries.

The ambassador said that the economic and trade relations between Pakistan and Romania have been growing for the last decades and Pakistan is an important trading partner of Romania.

“Our main priority is to increase and diversify the commercial exchanges between Romania and Pakistan, in a balanced manner for exports and imports,” he said.

The Romanian ambassador said that besides the bilateral cooperation through mutual investments, we are also interested to find options of working together on the third markets where, Romania and Pakistan might conjugate their resources and energies in the most constructive way.

Nicolae GOIA said that Romania and Pakistan do have common areas of interest both geographically and thematically. He said that the common interest of developing sectors as IT and communications, civil constructions and infrastructure, agriculture etc.

Earlier in his Opening Remarks at the Conference, the President CGSS Major General (retd) Syed Khalid Amir Jaffery said that both Pakistan and Romania are looking to expand economic cooperation as well as to enhance their import and export ties.

Major General (retd) Syed Khalid Amir Jaffery said that both the Countries have agreed to expand their bilateral defense cooperation, and currently they have different agreements in defense production and relevant areas.

The president CGSS said that the participation of Romania in the China Pakistan Economic Corridor (CPEC) can also bring Pakistan and Romania close together by creating business and trade opportunities.

Syed Khalid Amir Jaffery said that Romania is exploring the prospects of benefitting from the CPEC project. He said that Pakistan needs to project CPEC by inviting Romanian companies to invest and participate in the CPEC.