June 14, 2023
1 min read

India, Romania discuss closer defence and trade ties

Bilateral trade has increased by more than twofold to over USD 1.3 billion over the past three years….reports Asian Lite News

The 5th Round of India-Romania Foreign Office Consultations (FOCs) held in Bucharest on Monday (June 12, 2023) saw a thorough review of bilateral ties with discussions centered around greater cooperation in key sectors like trade & investment, science & technology, defence, and renewable energy.

The Indian delegation, led by Secretary (West), Ministry of External Affairs Sanjay Verma, engaged in productive discussions with their Romanian counterparts, led by Secretary of State for Global Affairs and Diplomatic Strategies, Ministry of Foreign Affairs Traian Laurentiu Hristea.

​During the FOCs, both sides reviewed their bilateral relations and discussed the way forward in crucial sectors such as Agriculture, Health, S&T, Defence, Space, Migration and Mobility, and Renewable energy, the Ministry of External Affairs (MEA) said.

The FOC comes at a time when India and Romania are commemorating 75 years of diplomatic ties. A significant feature of the relationship is that bilateral trade has increased by more than twofold to over USD 1.3 billion over the past three years.

Indian investments in Romania have increased significantly in recent years, totaling over USD 1.7 billion, with over 550 Indian enterprises setting up shop there. At the same time, 50 Romanian businesses have entered the Indian market. Discussions during the consultations were focussed on encouraging greater bilateral trade and investments, the MEA said.

Furthermore, both sides expressed their viewpoints on regional and global issues of relevance, underscoring their common worries and goals. Their discussions included subjects including Afghanistan, Ukraine, the European Union, UN reforms, a prospective free trade agreement between India and the EU, and India’s forthcoming G20 presidency.

Secretary (West) Verma also met with Biró Rozália-Ibolya, Chairwoman of the Committee for Foreign Affairs, House of Deputies of the Romanian Parliament. The meeting fostered closer parliamentary ties and emphasized the commitment of both nations to strengthening inter-parliamentary cooperation.

The two sides agreed that the next FOC would take place in early 2024 in India. (India News Network)

ALSO READ: Modi to lead International Yoga Day at UN

Previous Story

Rahul takes a truck ride from Washington to NY

Next Story

Pakistan seeks help from China amid IMF setback

Latest from -Top News

US Backs India’s Hunt for Pahalgam Terrorists

Gabbard’s “hunt down” message comes amidst escalating Indian response to the terrorist attack, saying it had clear “cross-border” links to Pakistan….reports Asian Lite News Tulsi Gabbard, Director of National Intelligence (DNI), on

Border Sealed, Hopes on Hold

A Hindu family from Balochistan’s Sibi was reportedly denied entry into India after the closure of border crossing….reports Asian Lite News Pakistan and India’s decision to shut down the Wagah-Attari border crossing

West visits Cambodia to strengthen ties 

The visit also addresses shared security concerns, including combating serious organised crime and human trafficking, and future defence cooperation initiatives  The UK and Cambodia are collaborating to advance climate initiatives and promote
Go toTop

Don't Miss

Javed Mattoo, wanted Hizbul terrorist, captured in Delhi

Delhi Police informed further that it seized several arms and

BharatPe ropes in SBI Card’s Nalin Negi as CFO

In his new role, Negi will take charge of the