Home / Knowledge / News / Textiles / 'Romania has huge potential for Pak textiles' – KCCI Chief
'Romania has huge potential for Pak textiles' – KCCI Chief
19
Dec '12
Karachi Chamber of Commerce & Industry’s President Muhammad Haroon Agar urged Ambassador of Romania to invite Romanian investors to invest in Pakistan. Exchanging views with the Romanian Ambassador to Pakistan H.E. Emilian Ion he highlighted the real and true potential of Pakistan with all its strengths. He said that Romania is a seventh largest European Union Market and has enormous potential for Pakistani products especially in textiles.

There is an excellent opportunity for Pakistani entrepreneurs to collaborate in textile and leather sectors in Romania. Pakistan can supply cotton yarn and fabrics for processing and value addition in Romania. Pakistan has benefited a great deal from Romania in industrial equipment for cement factories, refinery, power equipment, agricultural equipment, transport means, machine tools. Romania has been importing textile goods, leather, rice, and other food products, confectionaries, pharmaceuticals, sports goods from Pakistan.

But the current level of overall bilateral trade is insignificant, he voiced. Similarly, Pakistan may constitute an access gateway for Romania to SAARC region and Central Asian Republics, he stated. Pakistan as a profitable destination for investors offers attractive packages to Romanian investors for increasing capital inflows just as it happened in the past through their comprehensive technical offers in oil-refining, cement factories, power equipment, food, metal and wood processing in machinery, agricultural machinery etc.

He appreciated the initiative of Pakistan-Romania Business Council constituted to facilitate the business persons of both countries under the patronage of Romanian Ambassador. He also invited Romanian Exhibitors through Ambassador to participate in KCCI annual “My-Karachi, Oasis of Harmony” Exhibition scheduled to be held in July 2013 which is a showcase and B2B & B2C platform wherein local and foreign exhibitors participate. He assured the Karachi Chamber’s best support and cooperation for match-making with their Pakistan counterparts, particularly KCCI members with Romanian businesspersons.

Ambassador of Romania to Pakistan H.E. Emilian Ion recognized the KCCI’s vital role as leading Chamber in the promotion of trade and industry and for socio-economic development of Pakistan. He said that Pakistan and Romania enjoy good political relations however, the bilateral trade volume needs to be enhanced as per existing trade potential. Romanian Exports to Pakistan in 2011 were $46 Million while the imports from Pakistan were $22 Million and total volume of trade in 2011 stood around $68 Million.

Top three Romanian exports to Pakistan were plants and products of plant, electrical devices and parts whereas as top three imports from Pakistan were textile products, livestock, plastic and rubber products. He was of the view that exchange of business delegations was imperative to explore bilateral trade prospects. The initiative to establish Pakistan-Romania Business Council was to bridge together the business communities of two countries and explore new avenues of commercial cooperation and organizing of single country exhibitions in respective countries, he informed.

Senior Vice President KCCI Shamim Firpo, Vice President Nasir Mehmood and Managing Committee Members and Chairman of Pakistan-Romania Business Council Sohail Shamim Firpo also participated in the meeting.

Karachi Chamber of Commerce & Industry


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search