- India’s exports to Romania crossed USD 1.03 billion in FY 2024–25.
- Bilateral trade between India and Romania reached nearly USD 2.98 billion in FY 2023–24.
- Goal to finalise a fair and balanced India–EU FTA within this year.
- Both nations eye stronger supply chains in sectors like petroleum, engineering, pharma, and ceramics.
- Discussion included collaboration on mobility, standards, and testing partnerships.
- Ministers agreed to strengthen investor outreach and streamline trade processes.
- India–Romania partnership focuses on boosting trade, investments, and skills-based mobility.
In a significant step towards enhancing bilateral economic cooperation, India’s Minister of State for Commerce and Industry, Jitin Prasada, met Romania’s Minister of Foreign Affairs, Oana-Silvia Țoiu, in Bucharest. The meeting focused on broadening trade avenues, scaling up investments, and solidifying supply chains within the wider India–EU economic landscape.
Focus on Finalising India–EU FTA
Both leaders pledged to accelerate efforts to conclude a fair and mutually advantageous India–EU Free Trade Agreement within the year. This aligns with ongoing negotiations directed at creating a predictable and structured trade framework.
Review of Trade and Investment Relations
The ministers assessed existing commercial exchanges, noting that India’s exports to Romania surpassed USD 1.03 billion in the financial year 2024–25. Total bilateral trade between the two nations stood at approximately USD 2.98 billion in the previous fiscal period.
They identified priority areas for deeper collaboration, including petroleum products, engineering goods, pharmaceuticals, and ceramics. The dialogue also covered the strengthening of cooperation in standards, certification, and joint investment ventures to support smoother market access.
Strengthening Supply Chains and Partnerships
Recognising the need for resilient and diversified supply systems, both sides agreed to act as trusted partners in building secure supply chains that support long-term business stability. Plans were outlined for enhancing cooperation to diversify production bases and reduce dependencies.
Future Engagements and Mobility
The officials affirmed their intention to maintain momentum through regular exchanges at various levels. Follow-up measures were set for streamlining trade processes, developing a structured mobility framework, and enhancing investor outreach initiatives to capitalise on emerging opportunities.
The visit demonstrates shared intent to take the India–Romania economic partnership to the next level, with mutual benefits in trade expansion, investment growth, and skilled workforce movement.
Conclusion
This meeting marks a reaffirmation of growing strategic alignment between India and Romania, rooted in stronger economic cooperation, shared investment ambitions, and forward-looking trade objectives within the India–EU nexus.