A trade agreement envisaging a turnover of 40 million pounds (US 95 million dollars) during 1973, was signed by Indian and Rumanian officials in New Delhi on Monday (4 December).
SV INT Mr. Mishra to conference table & invites Mr. Patan of Rumania to sit
CU Mr. Mishra as he signs agreement (2 shots)
SV Mr. Patan signa agreement
SV PAN From delegates looking on to ministers exchanging agreements
SV Officials look on
SV Ministers shake hands at end of signing
Initials ESP/2129 ESP/2143
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Background: A trade agreement envisaging a turnover of 40 million pounds (US 95 million dollars) during 1973, was signed by Indian and Rumanian officials in New Delhi on Monday (4 December). The Trade Protocol was signed by Rumanian Deputy Prime Minister Ion Patan, and Indian Foreign Trade Minister L.N. Mishra.
An important feature is an agreement for India to import fertilizers, to offset the set bock in food production because of the failure of the annual Monsoon rains.
The goods Indian will export to Rumania are metal ores, some agricultural produce, cotton goods, some engineering products and pharmaceutical supplies. Rumania will export to India fertilizers, oil drilling and prospecting equipment, steel, machine parts, and other industrial commodities.