ISLAMABAD: Pakistan and Italy have inked an important accord over bilateraltrade and economic ties.
As per media report both countries inked a Memorandum of Understanding(MoU) on Tuesday for boosting economic and trade associations in varioussectors.
Mohammad Younus Dhaga, Federal Secretary for Commerce while addressing aschief guest at the MoU signing ceremony between ICE, Italian Trade Agency &Trade Development Authority of Pakistan (TDAP) stated that, both countrieshave mutually decided to enlarge the association in the sectors ofinfrastructure, 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 inthe field of agriculture and food equipment, machinery and equipment forhealth and pharmaceutical segment, automotive, consumer goods, food,furniture, clothing & apparel.
He also added that, Italy and Pakistan had exceptional bilateral politicaland trade associations based upon the history.
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Furthermore, Italy was amongst the top ten trading partners of Pakistan inthe world and third largest in terms of trade relations with European Union(EU).
He highlighted the fact, since trade potential is there in both thecountries, therefore, it just needs a boost in the near future to prosperin positive way.
