Pak-Romania trade potential seen rising By: Mohammad Arifeen - Articles Detail
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Pak-Romania trade potential seen rising  Back
By: Mohammad Arifeen
Pakistan attaches great importance to its relations with Poland, which is an important country in Europe and also the member of European Union (EU).
Pakistan-Poland relations date back to the 1940s. During World War II, the city of Karachi, entertained around 30,000 Polish refugees.
In 1939, the Soviet Union under Joseph Stalin  after taking over Eastern Poland, forced Polish intellectuals, scientists, technicians, and others to emigrate and seek refuge in neutral countries. Some Polish citizen remained in Karachi, becoming citizens of the newly established State of Pakistan in 1947.
Some Polish academics joined the faculty of Karachi University, teaching courses ranging from physical sciences to social sciences. After the independence of Pakistan, thirty Polish officers and technicians, contributed to the establishment of the Pakistan Air Force.
Liaquat Ali Khan, the first Prime minister of Pakistan, made the first diplomatic approach to the People's Republic of Poland and eventually on December 17, 1962, Pakistan established relations with then-communist government of Poland.
In 1948, Prime Minister Liaquat Ali Khan approved a three-year agreement with exiled members and officers of the Polish Air Force to build the Pakistan Air Force (PAF). Among them was General W?adys?aw Turowicz, who became Deputy Chief of Air Staff in the PAF.
The Polish officers and General Turowicz set up technical institutes, especially the Air Force Institute of Aviation Technology in Karachi.
The relation between Pakistan and Poland refers to the close cultural, economic, military and diplomatic ties.
Poland opened an embassy in Karachi in 1962, but moved it to Islamabad Capital Venue in 1965.The Pakistani Government opened its embassy in Warsaw in 1969.
The trading relationship between Pakistan and Poland developed during the Government of Prime Minister of Pakistan Zulfikar Ali Bhutto. Poland and Pakistan signed a trade agreement on avoidance of double taxation on September 25, 1974.
 Pakistan and Poland signed another agreement on maritime trade on January 25, 1975. An agreement on civil aviation was signed on September 30, 1977.
Trade relations bettered when President Pervez Musharraf paid a three-day official visit to Poland in April 2007. This was the first ever visit by a head of state of Pakistan to Poland.
President Musharraf had many appointments in the Polish capital. Five bilateral agreements and memoranda of understanding (MoUs) covering mutually beneficial co-operation in the fields of defence, small and medium size enterprises, education, science, culture, economic co-operation, were signed with the Federation of Pakistan Chambers of Commerce and Industry.
The relationship between the two countries grew stronger under the tenure of President Musharraf. However, the strong close relations experienced stress when Pakistani Taliban members captured and savagely murdered a Polish engineer, Piotr Stanczak, in September 2008.
The Prime Minister said that there is great potential of investment in Pakistan especially in the energy and agriculture sector and Pakistan would welcome Polish investors who can benefit from investment friendly policies of Pakistan.

Two Polish companies are working in Pakistan. These companies are involved in exploration of gas in Pakistan, he said. This is a fact that there is a lot of prospects for foreign investors in Pakistan and that they feel secure, he added.
Poland was one of the major aid contributors to Pakistan after the 2005 Kashmir earthquake. Poland sent military engineers, geological scientists, and rescue dogs. Poland helped Pakistan to rebuild the earthquake-affected cities.

Pakistan and Romania celebrated 50 years of diplomatic relations and built oil refinery in Karachi and jointly built two cement plants in Lasbella and Kohat.
Most countries in the world are actively trading with Romania. Pakistan is the one country in the neighborhood, which is falling behind whereas India, Bangladesh, Srilanka, China, Turkey, Korea and other countries all have ample trade volumes with Romania. It is high time that Pakistan should also make serious efforts for increase of trade with Romania.
 In 2010 bilateral trade between the two countries reached $210 million dollars. Poland helped a number of Pakistani companies to open offices in Poland in order to provide the regional European market.
In the financial year 2010-11, bilateral trade stood at $84 million, shifted in favour of Pakistan. Romania exported $26 million worth of goods while Islamabad's exports stood at $58 million. Textiles, livestock and plastic remained the top three export items of Pakistan while Romania mainly exported wooden products and electrical devices.
Bilateral trade between the two countries has increased and it stood now at $241.15 million.  There are enormous opportunities in oil, gas and energy sector for Polish companies.
Poland is considered to have large shale gas deposits and prominent Polish geological surveying and exploration companies have business and investment relations with Pakistan.
85 percent of Romanian economy is in the hands of private sector. Poland offers joint venture in an IT company comprising 60 percent share of Romania and rest of 40 percent from Pakistan.
 The business communities of Pakistan and Romania have to play a vital role for the promotion of bilateral trade.
There is need of greater mutual interaction to achieve the ultimate objectives of promotion of bilateral trade between both countries.
Emilian ION, Ambassador of Romania in Pakistan has offered the Pakistani Businessmen to export their products especially textile, garments, leather and chemical to Romania.
He said that Pakistan and Romania would start economic and cultural activities for enhancing bilateral cooperation amongst the business communities of the two countries.
 The Ambassador said that Romania is the seventh largest European Union Market, adding that it would provide support to Pakistani entrepreneurs to get the benefit of exporting their products to the European Union countries.
Emilian ION proposed that youth of both countries should also be connected. In this connection, youth delegations of both the countries could be helpful in identifying more areas of cooperation to move forward because language was not a barrier for doing business, he added.
ION said that there were around 700 Pakistani investors, who were involved in profitable business ventures in Romania, adding that local business community could export their products especially textile, garments, leather articles, sports and surgical instruments to Romania.
The Pakistan-Romania business council has launched a webpage that provides strong linkage for the exchange of business related information.  
Pakistan Romania-Business Council has provided various linkages for the exchange of business related information between the two countries.
Pakistani products including rice, sports goods, surgical instruments, pharmaceutical, leather & textile products could be exported to Romania and that Romanian businessmen should look into the opportunities to develop business relation in the identified areas.
The Pakistan-Romania Business Council (PRBC) is the premier business organization in Pakistan dedicated to promoting business and trade with Romania. The Pakistan-Romania Business Council is a membership-based organization providing business-focused information and events for members in all industries.
With Romania's continuing strong economic growth, there are many significant opportunities for Pakistan and Romania business to create surviving and highly valuable commercial partnerships.
The Pakistan-Romania works to achieve economic, social and environmental objectives that will benefit Pakistanis & Romanians now and into the future.
The Pak-Romania Business Council is established to:
 Advance Pakistani companies' trade and investment interests in Romania's significant emerging market.
 Advocate for measures to improve conditions for bilateral trade and investment.
 Assure that the Pakistan business viewpoint is known and given highest consideration in the formulation of Pakistan Government policies towards Romania.
 Assure that the Pakistan business perspective, including the Pakistani business community's desire to contribute constructively to Romania's vigorous market development
 Make Pakistani business views known to the Government and private sector of Romania with respect to   policies and legal, regulatory and other matters which bear significantly upon the willingness or ability of Pakistan companies to trade with or invest in Romania.
 Facilitate direct contacts between its members and senior Romanian Government and business     leaders     which foster the elimination of impediments to trade or investment or which otherwise can     materially     assist the realization of investment or trade opportunities
 Pakistani Businessmen have been allowed by Poland to export their products especially textile, garments, leather and chemical.
 Pakistan and Romania would start economic and cultural activities for helping joint cooperation amongst the business communities of the two countries.
 Pakistan and Romania have decided to set up a joint commission to explore new avenues of bilateral economic cooperation and develop proposals for cooperation between government institutions of the two countries.
The commission will hold its meeting once in a year alternately in Islamabad and Bucharest.
The agreement on economic, scientific and technical cooperation also aims to promote cooperation between the two countries in the fields of industry, agriculture, forestry, energy sector, research and development, telecommunication, computing and informatics, transport, logistics, environment protection, tourism, investment promotion, cooperation in small and medium enterprises, education, healthcare and science and technology.
The agreement replaced the agreement signed years ago, and this is the fresh agreement signed by Romania with Pakistan after the country became the full-fledged member of the European Union. The agreement had laid the legal foundation for encouraging private sectors of the two countries to establish joint ventures and promote bilateral trade.