Wednesday, December 06, 2006

India-Romania to exploit aviation front too to expand bilateral trade

New Delhi: Mutual co-operation between India and Romania in IT, tourism, biotechnology, aviation and petrochemicals will push bilateral trade between the two countries to touch the one billion dollar mark in the next 2-3 years.
"Tourism can be one important sector for economic co-operation between India and Romania apart from the already existing areas like drugs, pharmaceuticals, inorganic chemicals, machinery and instruments among others. We anticipate bilateral trade to cross the one billion dollar mark within 2-3 years," Romanian Ambassador Vasile Sofineti said at an industry meeting organised by CII.
He said that the bilateral trade between India and Romania stood at 450 million dollars in 2005.
Trade between India and Romania had been stagnating between 1999-2001. However, it grew impressively at a rate of 103 per cent in 2004 and by 69 per cent in 2005.
05/12/06 Zee News
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