Italy-Pakistan bilateral trade and economic cooperation to be boosted: Ambassador Andreas Ferrarese

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week said that Italy-Pakistan bilateral trade and economic cooperation will be boosted with focused efforts.

In an interview, the envoy said there was huge trade potential in different sectors of economy which needed to be explored and in this regard both sides were engaged in the dialogue process through the Italy-Pakistan Joint Economic Commission.

On trade Pakistan trade with European Union (EU) countries, he said out of its whole trade contribution to EU, Pakistan’s share with Italy was 10 percent which would be enhanced in future.

The Ambassador acknowledged that Italy has become the largest contributor from the EU to Pakistan in remittances.

He underlined the importance of promoting cultural connectivity to promote bilateral trade.

Ambassador Andreas Ferrarese said that he would also encourage exchange of students to further strengthen bilateral relations.

He highlighted that Italy was committed to extend the cooperation of a diverse potential sector to enhance the bilateral economic and cooperation between Pakistan and Italy.

Andreas Ferrarese was of the view that Italy wanted to start a new era of economic and trade cooperation with Pakistan through transfer of technology and for upgradation of Pakistan’s textile industry.