Minister of State for Commerce and Industry Jitin Prasada held a bilateral meeting with Romania’s Minister of Foreign Affairs Oana-Silvia Țoiu in Bucharest on Tuesday, focusing on deepening trade, investment, and supply-chain cooperation between the two countries.
The discussions centred on expanding economic linkages, fostering industrial collaboration, and strengthening resilient supply chains within the broader India-EU economic framework. Both Ministers reaffirmed their commitment to concluding a comprehensive and balanced India-EU Free Trade Agreement (FTA) within the year, aligning with the political guidance provided at the highest levels.
Reviewing the robust and stable economic partnership, the Ministers noted that India’s exports to Romania crossed USD 1.03 billion in FY 2024-25, while overall bilateral trade reached nearly USD 3 billion in FY 2023–24. The two sides identified petroleum products, engineering goods, pharmaceuticals, and ceramics as priority sectors for expanding cooperation.
They also agreed to enhance collaboration in standards, testing, and investment facilitation, aiming to improve market access and industrial integration. Discussions further included the diversification of production networks and efforts to build trusted, resilient supply chains that can ensure stability and business confidence across both economies.
Underscoring the importance of recent high-level engagements between New Delhi and Bucharest, both sides agreed to maintain the momentum through regular exchanges and structured follow-ups. Plans include developing a mobility toolkit, streamlining trade procedures, and strengthening investor outreach to translate emerging opportunities into actionable outcomes.
The visit reflects the growing convergence between India and Romania on promoting sustainable economic growth and innovation-driven trade. Both nations reaffirmed their shared vision of a stronger India-Romania partnership that enhances trade, widens investment flows, and creates new pathways for skills-based mobility and industrial collaboration for mutual benefit.