Ambassador Andreas Ferrarese predicts multiplied cooperation between Italy and Pakistan in 2023

Staff Writer

Islamabad: Ambassador of Italy in Pakistan Andreas Ferrarese this week predicted multiplied cooperation between Italy and Pakistan in the new year 2023.

Ambassador Andreas Ferrarese expressed satisfaction with the fast-growing cooperation in diverse areas, including trade and investment.

He said the 200,000-strong Pakistani diaspora in Italy is also an important manifestation of the eternal bonds of friendship between the two countries.

He said the pandemic hit the global footwear market and witnessed a demand contraction during the year, Pakistan’s exports of footwear to Italy increased by 19 per cent making Italy the third largest export destination for Pakistani footwear.

The Ambassador said Italy is also the fifth largest destination for Pakistani home textiles and the sixth largest in garments exports.

In the area of agro-products, Pakistan is the largest exporter of rice to Italy, particularly in the Basmati sub-sector, where Pakistan now enjoys an 82 per cent share of the Italian market, he added.

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