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India and Romania Boost Supply Chains Amid EU Trade Deal Push

India and Romania are taking significant steps to strengthen their economic partnership. They plan to enhance supply chain connections in critical sectors like pharmaceuticals and engineering goods. Both countries are also committed to finalizing a fair India-EU Free Trade Agreement within this year. This collaboration includes creating pathways for thousands of skilled Indian professionals to work in Romania.

Key Points: India Romania Strengthen Supply Chains Within EU Framework

  • Ministers agreed to deepen supply chains in petroleum, engineering, and pharmaceuticals
  • Both nations are pushing for a swift, balanced India-EU Free Trade Agreement
  • Romania is ready to employ about 30,000 skilled Indian professionals annually
  • Bilateral trade between India and Romania reached nearly $3 billion last fiscal year
2 min read

India, Romania to boost supply chains within India-EU economic framework

India and Romania agree to deepen supply chain links in key sectors and push for a swift India-EU FTA, building on $3 billion bilateral trade and new skilled worker pathways.

"Both sides agreed to sustain the momentum through a regular calendar of exchanges - Commerce Ministry Statement"

New Delhi, Nov 4

In a bid to expand trade and boost investments, Minister of State for Commerce and Industry, Jitin Prasada, held a bilateral meeting with Minister of Foreign Affairs of Romania, Oana-Silvia Èšoiu, in Bucharest, an official statement said on Tuesday.

The discussions 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, within this year, of a fair, balanced, and mutually beneficial India–EU Free Trade Agreement (FTA), in line with the political direction set for the ongoing negotiations, according to a Commerce Ministry statement.

The Ministers reviewed the stable trade and investment ties between the two countries.

According to the ministry, 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.

They also agreed to work together for diversification of production and to build stronger, more resilient supply chains as trusted partners, ensuring stability and confidence for businesses in both nations.

“Building on the recent high-level engagements between the leadership of India and Romania, both sides agreed to sustain the momentum through a regular calendar of exchanges,” said the statement.

They also decided to coordinate follow-up actions on streamlining trade, developing a mobility toolkit, and strengthening investor outreach to translate opportunities into tangible outcomes.

India’s exports to Romania crossed $1.03 billion in FY2024–25, while overall bilateral trade reached about $2.98 billion in FY2023–24.

On Monday, Romania expressed its readiness to create a pathway to employ about 30,000 skilled Indian professionals every year, aligned with the country’s labour requirement.

—IANS

- IANS

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Reader Comments

R
Rohit P
30,000 skilled professionals every year! This is massive for our youth. Romania recognizing Indian talent is a big win. Hope the mobility toolkit ensures fair working conditions and proper support for our people going abroad.
A
Arjun K
While this sounds promising, I hope our government ensures this FTA truly benefits Indian manufacturers and not just multinational corporations. We've seen in past agreements where small businesses got sidelined. Need proper safeguards.
S
Sarah B
As someone working in the pharmaceutical sector, this is exciting! Romania can be a gateway to broader European markets. The emphasis on resilient supply chains is crucial after the pandemic disruptions. Good strategic move.
V
Vikram M
$3 billion trade is decent but we can do much better. Romania is in EU but not Eurozone - this could be advantageous for pricing. Hope our ceramic industry gets the boost it needs from this partnership.
M
Michael C
The timing is perfect with global supply chains shifting away from China. India should leverage these opportunities aggressively. Romania's location gives access to both EU and Eastern European markets. Smart diplomacy!

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