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Italy grants for duty free access to Pakistani products

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Duty free access to Pakistani products
Duty free access to Pakistani products

Italy agreed for a duty free access to Pakistani products for stimulating an impressive growth in bilateral trade. Bilateral trade between Pakistan and Italy has increased from 906.96M Euros in 2013 to 1.2B Euros in 2016, Secretary Commerce Muhammad Younas Dhaga said in undertake meetings with high officials of Ministry of foreign affairs and Ministry of economy of Italy on a visit to Italy.

The purpose of the visit was to exchange views on matters pertaining to bilateral trade as well as to discuss upcoming review of Generalized Schames of Preference (GSP-Plus) by the European Parliament, Ambassador of Pakistan in Italy Nadeem Riyaz, Commercial Councilor of Pakistan Ms. Saira Imdad Ali, and Deputy Secretary; Ministry of Commerce Ahmed Fasih also accompanied Secretary Commerce.

He said that this represents an increase of 35% and both sides agreed that bilateral trade could be enhanced beyond the existing levels, in statement issued by Ministry of Commerce. During the meetings the Italian side showed considerable interest in learning about the investment opportunities in Pakistan in the fields of infrastructure, energy and Automobiles. Secretary Commerce explained that Italian business could benefit from opportunities available to foreign investors in SEZ and EPZ in Pakistan.