Italy and Pakistan have unanimity of views on several issues of global importance: Ambassador Andreas Ferrarese

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese said this week that Italy and Pakistan have unanimity of views on several issues of global importance, and mutual cooperation in all the fields has been on the rise.

He said recently the ultimate Italy-Pakistan Mixed Economic Commission took place in Islamabad, where the two sides discussed trade opportunities between the two countries, focusing on developing foreign investments through SEZ (Special Economic Zones) in key sectors such as agro-industry.

The envoy said that Italy and Pakistan have a long history of cordial relations and cooperation in political, economic, cultural, and social spheres.

“It is a matter of great satisfaction that the two nations have unanimity of views on several issues of global importance, and mutual cooperation in all the fields has been on the rise,” he added.

Ambassador of Italy to Pakistan Andreas Ferrarese Pakistan offers excellent investment opportunities for Italian companies. With a population of around 220 million and a constantly growing demand for high-end products, Pakistan remains an attractive market for Italian manufacturers and businesspeople, he said.

Ambassador Ferrarese said that Italy is among the top ten exporting countries for Pakistan globally and the third largest trade partner in European Union.

“Although global trade shrank during the Covid-19 pandemic, Pakistan’s exports to Italy in 2021 grew by 22.1%, with a total value of €763.51 million. In the same period, Italian exports to Pakistan saw an increase of 48.6%, with a total value of €754.06 million. Bilateral trade has grown from € 1.42 billion in 2019 to €1.52 billion in 2021. Trade volume in Jan-Feb 2022 stood at €289.37 million compared to €203.41 million during the same year 2021,” he maintained.