New Delhi: President Droupadi Murmu’s seven-day historic three-nation visit to Moldova, North Macedonia and Romania, from July 19, Sunday, will provide a significant opportunity for businesses from these countries and strengthen bilateral economic ties, the Ministry of External Affairs (MEA) said. Calling these nations gateways to the European market, MEA Secretary (West) Sibi George emphasised that their geostrategic location is key to expanding India’s footprint in Europe and boosting collaboration in three T’s: trade, technology and tourism.
These countries serve as vital links in the supply chain between Asia and Europe. He noted that due to their geographical significance, they serve as a natural transit corridor and provide wider access to European markets. He affirmed that, thereby, these nations are “keen to position themselves as a gateway for Indian businesses”.
“Due to their geostrategic location at the crossroads of major transport routes with well-developed highways, rail and energy corridors linking southeastern and central Europe, these countries have the potential to play a significant role in regional trade and energy. This makes them a natural transit corridor through the Balkans, providing access to the wider European markets. These countries are keen to position themselves as a gateway for Indian businesses to the Western Balkans and Europe.”, MEA further added.
When asked how the Balkans will serve as a trade corridor, Secretary George pointed to specific logistics advantages, particularly in Romania, calling it a “major European transportation hub.” “If you look at the map of Europe, you will realise that these countries are in the eastern part of Europe. Romania, for example, is a major European transportation hub and critical transit point connecting Western Europe with Asia and the Middle East”, Secretary said.
The port of Constanta serves as a vital gateway linking the European market to Central Asia and to the Far East. Also, the Middle Corridor is a trade route which moves cargo by rail and sea between Asia, the Caspian Sea and the Black Sea. This is very much part of the European corridor. And today, connectivity is a very important element for business promotion. This is an important hub,” Secretary George explained.
Addressing the role of the recently concluded India-EU Free Trade Agreement (FTA), Secretary George expressed optimism regarding its impact on bilateral economic relations. “In January this year, we concluded the FTA discussions. It has definitely made significant progress in business engagement between India and EU countries. Everything is going as we have planned in entering into force of the FTA. As it is planned, it is going and this would definitely contribute to building our economic engagement with each of the EU member countries”, he stated.
Responding to the queries regarding the potential new diplomatic missions in the region, specifically in Moldova, the Secretary clarified that there are currently no immediate plans for expansion. “At this stage, there is no proposal in place to open new embassies,” he stated. President Droupadi Murmu will undertake State Visits to Moldova, North Macedonia and Romania from July 19 to 25, marking India’s diplomatic outreach to Eastern Europe and the first visit by an Indian President to Romania in more than three decades.
(With Inputs from ANI)
