Page 31 - October-November-2017

30 An Interview with 31

Interview The Ambassador of Italy in Pakistan TEXtalks: How do you see the trade potential Italian companies will certainly be able to wage. Interview

H.E. Stefano Pontecorvo

between Pakistan and Italy?
TEXtalks: Pakistan got the GSP status from Europe,
H.E. Stefano Pontecorvo: In this specific field the sky is
how do you see it is going on and what would be the
the limit. In the textile sector, the objective
steps for the review process?
compatarimenty which there is between the Italian
economy and in the Pakistani economy is at the highest
never easy. I am very confident that the review
level. Pakistan is already the sixth market for Italian
process will acknowledge the progress Pakistan is
textile machinery and more and more Pakistani textiles H.E. Stefano Pontecorvo: Review processes are
making. I will say, it is very curious that there are
are heading toward Italy. I believe, there is a huge some difficulties as Pakistan legislation in some
potential which is already been expressed and which cases is much more advanced than the UN
will grow in the coming years. conventions have prescribed. I think the small
efforts by Pakistan authorities could go a large way
towards soothing the EU preoccupations on the
TEXtalks: What steps Pakistani government should issue. All, I believe is that it would be extended.
take to increase exports in Italy?
H.E. Stefano Pontecorvo: I believe that the Pakistani TEXtalks: Do you see any joint ventures for the
government has already been on the right course for a promotion of Italian machinery brands in Pakistan?
long time. There is general issue of enhancing exports H.E. Stefano Pontecorvo: We are here celebrating one
from the Pakistan and we all must support the textile of them and I have been contacted through our
industry which will be keeping Pakistani exports going. commercial office by three Italian companies who are
So the incentives no doubt, the last scheme for the ten interested in finding good partners over here. But this is
years scheme which was announced in favor of the not only in the sector of textile machinery. Textile
Pakistani textile industry is the right thing to do. You will machinery is of course a sector which leads because
need a few more incentives of this type to assist in we have been here for 30 years, we know the market,
particular to the exports sectors and not only with the the textile machinery makers are well versed in treating
internal matters. I can add that with the growing with the Pakistani partner, but this is going to
knowledge of the quality of Pakistani textiles and the mechanical industry and to a number of others, to all
production, it is not gone to be a difficult task for the agriculture industry and to others. So this trend, we
Pakistani government. would see strengthening.

TEXtalks: How do you see the venture like ITEMA TEXtalks: How was your experience as an
Campus to effect the Italian brands promotion in ambassador to Pakistan?
Pakistan? H.E. Stefano Pontecorvo: Wonderful, in one word,
H.E. Stefano Pontecorvo: It certainly will affect the absolutely wonderful. We have relaunched 360
Italian brands. ITEMA is world’s one of the largest degrees, our cooperation. Last year, we had five
privately owned company, in the textile sector. It is a bell members of Italian government visiting Pakistan. The
weather in Italy. People in the textile industry look at last one to come before was might ten years before,
ITEMA is a leading global provider of advanced weaving solutions, including what ITEMA is doing and follow it. In textile industry was in 2008. We have increased more than 150% of
best-in-class weaving machines, spare parts and integrated services. On 4th of Pakistan is well known, as I said it is the sixth market for bilateral trade. We had this year, three Pakistani
October 2017 the company opened a weaving training campus with the name our brands. But the fact, ITEMA is actually investing in ministers, who have gone or going to Italy and it’s
“ITEMA Training Campus.” the country, is a further sign of confidence which other wonderful.

H.E. Stefano Pontecorvo the Ambassador of Italy in Pakistan was the respected
guest at the event and shared his views about the decision made by two authorities
and also discussed about the trade potential between Pakistan and Italy. Here are
some details

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