Italy agrees on grant of duty-free access to Pakistani products


ISLAMABAD: Italy has agreed to grant duty-free access to Pakistani products for stimulating an impressive growth in bilateral trade.

In a statement, the ministry of commerce has said that this was agreed during a two-day visit of Commerce Secretary Muhammad Younas Dhaga to Italy. High-level meetings between officials of the ministry of foreign affairs and ministry of the economy of Italy were also held. Both sides agreed that bilateral trade could be enhanced beyond the existing levels.

Bilateral trade between Pakistan and Italy has increased from 906.96 million Euros in 2013 to 1.2 billion Euros in 2016.

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. Both sides decided to take concrete steps to make the upcoming meeting of Pakistan and Italy Joint Commission, scheduled to take place in January 2018, a success.