Deputy Prime Minister of Romania, Bodgan Pascu said that good prospect exists to have joint ventures in alternative energy, agriculture and information technology with Pakistan. Addressing members of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he said that Pakistan and Romania had many areas in which they could cooperate and develop joint venture units.
He informed that Romania was developing its garment sector and Pakistan could help it in this regard. The Deputy Prime Minister said that the purpose of his visit was to further strengthen trade and economic relations of both the countries. "We want to build a strong bridge of relations between Pakistan and Romania", he said.
He pointed out that Romania was going to become European Union (EU) member from January 1, 2007, adding that Pakistan could benefit from Romanian membership by exporting more and more goods to EU countries in collaboration with Romanian counterparts.
He invited Pakistani business community to invest in Romania and establish industrial units. He noted that the balance of trade was in favour of Pakistan. Total export from Romanian to Pakistan come to 11.1 million dollars whereas total imports come to 14.7 million dollars.
Bodgan Pascu informed that he was responsible of Small and Medium Enterprise (SME) development in his country and offered his co-operation in development of SMEs in Pakistan.
He said that besides other sectors Romania also offers good opportunities to Pakistan manpower in construction sector. He said that Romania had decided to recruit around 10,000 peoples from Pakistan in different fields. Earlier, President KCCI Majyd Aziz present welcome address.