Bucharest: Minister of State for Commerce and Industry Shri Jitin Prasada held a bilateral meeting with Romania’s Minister of Foreign Affairs, H.E. Ms Oana-Silvia Țoiu, in Bucharest on Tuesday. The talks centred on expanding trade, boosting investment, and strengthening supply chains within the wider India–EU economic framework.
Both Ministers reaffirmed their commitment to concluding a fair and balanced India–EU Free Trade Agreement (FTA) within the year, in keeping with the political direction guiding the ongoing negotiations. Shri Prasada noted that such an agreement would “enhance economic integration, promote sustainable growth, and benefit businesses on both sides.”
The discussions reviewed the steady growth in bilateral trade and investment. India’s exports to Romania exceeded USD 1.03 billion in the financial year 2024–25, while overall trade between the two nations reached approximately USD 2.98 billion in 2023–24. Both sides expressed interest in strengthening cooperation in sectors such as petroleum products, engineering goods, pharmaceuticals, and ceramics.
They agreed to deepen collaboration in standards, testing, and investment facilitation to improve market access and competitiveness. The Ministers also emphasised the importance of diversifying production networks and building resilient supply chains as trusted partners, ensuring long-term stability for businesses in both countries.
The meeting built on recent high-level exchanges between India and Romania, with both sides agreeing to maintain regular engagement to sustain momentum. They decided to coordinate follow-up actions aimed at streamlining trade procedures, developing a mobility toolkit, and enhancing investor outreach.
Shri Prasada said that India sees Romania as an important economic partner within the European Union, adding that closer cooperation would “open new avenues for trade, innovation, and employment.”
The visit reflected the shared vision of both nations to broaden economic cooperation and create new pathways for growth, investment, and skills-based mobility.
