Ambassador Andreas Ferrarese underlines importance of two- way trade

Staff Writer

Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese this week underlines the importance two- way trade between Italy and Pakistan.

In a recent event, the envoy said both countries had tremendous potential to enhance trade ties.

He said vast opportunities were present to enhance mutual trade and investment between Pakistan and Italy and businessmen and traders from both countries can reap the benefits.

The envoy urged Pakistani businessmen and traders to make efforts to promote mutual trade and economic ties between the two nations.

He stressed that there was immense potential for trade in different sectors of the economy and underlined the need to explore it by engaging in a dialogue process through the Pak-Italy Joint Economic Commission.

Currently, Italy is providing technical assistance in agriculture and textiles up-gradation through modern machinery, value addition in agriculture, leather and marble sectors, he pointed out.

“Pakistan is working to expand this collaboration and add agricultural items including dairy and livestock, olives and olive products, plastics, processed food and the construction sector to it,” he said.

Ambassador 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 upgrade of Pakistan’s textile industry.

According to him, green economy, transfer of technology for the industrial sector including textiles and agro industry, construction sector, education and health were major areas of focus to extend bilateral cooperation.

The envoy emphasised that Italy wanted to cooperate with Pakistan through green economy to improve environmental protection, circular economy, resource saving and management, ecosystem protection and recovery, water conservation and natural disaster prevention.