The commission will hold its meeting once in a year alternately in Islamabad and Bucharest. - File photo
ISLAMABAD, Sept 12: 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.
Secretary Economic Affairs Division Abdul Wajid Rana and Romanian Ambassador in Pakistan Emilian Ion signed an agreement here on Monday to formally institutionalise the joint economic commission.
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.
Emilian Ion later told ‘Dawn’ that the agreement replaced the agreement signed years ago, and this is the fresh agreement signed by Romania with Pakistan after his country became the full-fledged member of the European Union.
He said that the agreement had laid the legal foundation for encouraging private sectors of the two countries to establish joint ventures and promote bilateral trade.
The joint commission will work for identification of new development opportunities as well as establish ad hoc or permanent expert working groups and committee of both countries, he said.
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