Minister of State for Commerce and Industry Jitin Prasada held a bilateral meeting with Romania’s Minister Oana-Silvia Țoiu in Bucharest.
The Ministry of Commerce and Industry said that the discussions during the meeting focused on expanding trade, attracting investment, and strengthening resilient supply chains within the broader India-EU economic framework. Both sides agreed to work towards the conclusion of a fair, balanced, and mutually beneficial India-EU Free Trade Agreement (FTA), within this year.
Both Ministers further reviewed the stable trade and investment ties between India and Romania. The Ministry added that India’s exports to Romania crossed 1.03 billion dollars in the financial year 2024-25, while overall bilateral trade reached about 2.98 billion dollars in the financial year 2023-24.
Both sides agreed to deepen supply-chain linkages in priority sectors such as petroleum products, engineering goods, pharmaceuticals, and ceramics, and to facilitate collaboration in standards, testing, and investment partnerships to enhance market access on both sides.
