Pakistan and Italy trade ties to be revived: Miss Elena

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Pakistan and Italy trade ties to be revived: Miss Elena

FAISALABAD: (APP) First Secretary Embassy of Italy, Miss Elena De Vito, said on Tuesday that efforts were being made for the revival of trade relations between Pakistan and Italy with a special emphasis on frequent exchange of trade delegations.

Addressing at the Faisalabad Chamber of Commerce and Industry (FCCI), she said that an Italian delegation headed by Mrs. Deniela Cannizzo of Confederation of Italian Industries, Rome was now visiting Faisalabad which would be followed by yet another delegation for B2B meetings with local entrepreneurs.

Mrs. Deniela Cannizzo said that CONFINDUSTRIA was a private confederation of Italian industries and was making efforts to globalize their activities.

She said that 6,000 companies were its members that were keen to enhance cooperation with Pakistani businessmen and in this connection, direct meetings with local entrepreneurs is deemed necessary.

She said that Italy had expertise in manufacturing latest and state-of-the-art textile machinery, solar penal, food processing, renewable energy, infrastructure development and agriculture etc. and various Italian companies were exploring opportunities to undertake joint ventures with Pakistani entrepreneurs.

Bruno from ICE, Dubai office and a member from Italian Association of Bank (IBA) said that Italian government was making serious efforts to increase bilateral trade with Pakistan.

He said that in April last year, a Pakistani trade delegation had visited Italy and fruitful B2B meetings there.

On the same pattern, "We are arranging a delegation from Italy which will visit Pakistan and have direct talks for marketing their products", he said and added that Italian Development Committee (IDC) had opened its office in Karachi which would become operational from September this year.

"We are making serious efforts to attract more Italian companies to come and invest in Pakistan which has become a lucrative destination after Chinese investment in China Pakistan Economic Corridor (CPEC) and its related projects," he added.

He said that Pakistani entrepreneurs could contact and get any type of information from the IDC, adding that both countries were already doing business.

Earlier, in his welcome address, Syed Zia Alamdar Hussain Senior Vice President FCCI briefly introduced Faisalabad and its economic importance in national and international level.

Later, Khawaja Amjad and Qamar Aftab presented FCCI mementos to Miss Elena De Vito, First Secretary Embassy of Italy and Mrs. Deniela Cannizzo of Confederation of Italian Industries.

Suhail Bin Rashid, Muzammal Sultan and Miss Kashifa also decorated the other members of Italian delegation with FCCI pins.

Italian delegation also visited Sadaqat Limited and Noor Fatima Fabrics before its departure to Lahore.