Pakistan and Italy ink an important accord

Pakistan and Italy ink an important accord

ISLAMABAD: Pakistan and Italy have inked an important accord over bilateral trade and economic ties.

As per media report both countries inked a Memorandum of Understanding (MoU) on Tuesday for boosting economic and trade associations in various sectors.

Mohammad Younus Dhaga, Federal Secretary for Commerce while addressing as chief guest at the MoU signing ceremony between ICE, Italian Trade Agency & Trade Development Authority of Pakistan (TDAP) stated that, both countries have mutually decided to enlarge the association in the sectors of infrastructure, construction, energy, logistics, transport, telecoms, water, machinery, equipment for manufacturing marble and stones, textile, clothing, leather, shoes, rubber, metal & various chemical products.

Also, both the countries have the same opinion to augment cooperation in the field of agriculture and food equipment, machinery and equipment for health and pharmaceutical segment, automotive, consumer goods, food, furniture, clothing & apparel.

He also added that, Italy and Pakistan had exceptional bilateral political and trade associations based upon the history.

Furthermore, Italy was amongst the top ten trading partners of Pakistan in the world and third largest in terms of trade relations with European Union (EU).

He highlighted the fact, since trade potential is there in both the countries, therefore, it just needs a boost in the near future to prosper in positive way.