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Italy vows to enhance trade ties with Pakistan

byCT Report
21/12/2015
in Business
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ISLAMABAD: The Italian government has vowed to enhance economic ties with Pakistan, by supporting it in availing General System for Preference (GSP) facility.

Italian Ambassador Stefano Pontecorvo expressed his desire while talking to APP about reopening of Trade Mission and future of Economic relations between Italy and Pakistan.

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To a question about the decision of Italian government to re-open Trade Mission in Pakistan, he said that reopening of Trade Mission in Pakistan would be a beginning of the revival of trade and economic ties between the two countries.

Terming the reopening of Trade Mission in Pakistan a good start for economic activities, the ambassador said “our Trade Commissioner visited Pakistan recently and held meetings with more than eight Ministers during his stay including Finance and Commerce Ministers focussing economic ties.”

“Trade Mission in Pakistan will accelerate trade and business activities between the two countries”, he added.

He said that Italy and Pakistan were enjoying good trade and business relations which were slowed down during the past few years. He expressed his complete satisfaction over the meetings of his Trade Commissioner with various Pakistani ministers and hoped there would be a lot of business activities between the two countries soon.

He said many areas of trade and business to accelerate trade activities between the two countries were identified by the Trade Commissioner Riccardo Monti in his recent visit to Pakistan.

He also said that Pakistan could benefit from the Italian expertise especially in the field of agro industry, livestock technology, packaging industry, fruit preservation industry besides leather goods etc.

However, Pakistan has very strong textile, leather, sports and surgical goods industries besides agriculture based economy which could be multiplied by using Italian machinery, he observed.

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