Pakistan Achieves Annual Trade Surplus Of $300 Million In Italian Market: Jauher Saleem
Faizan Hashmi 2 months ago Thu 29th July 2021 | 06:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th Jul, 2021 ) :Ambassador of Pakistan to Italy, Jauhar Saleem on Thursday said that Pakistan had posted trade surplus of $ 300 million with Italy in fiscal year 2020-21, which was 49 percent higher than the previous year of 2019-20.
The value added sectors were the main drivers of this growth, he added.
Moreover, Italian imports from non EU countries declined 14 percent.
Pakistan posts record trade surplus and export growth in the COVID-19 hit Italian market, he said The ambassador said that Italy had been among the first countries in Europe that were severely hit by the pandemic.
While responding to a question, the ambassador stated that despite the Indian false claim over Basmati`s exclusive Geographical Indication (GI) rights in the EU and Italian market, Pakistan maintained its position as market leader in rice with 37.4 percent share whereas India supplied only 12 percent of the total imported rice in Italy.
He said it was 66 percent higher if compared with annual figure of FY 2019-20 that was $ 369 million.
He expected this growth streak to be continued in the FY 2021-22.
He informed that Pakistan had been included in Italian Seasonal Work visa for 2022 which would offer immense opportunity for our labour force working in agriculture and services sector to come and work in Italy with legal entry mode.
He also highlighted the initiatives that had been taken to promote tourism especially capacity building of Pakistan`s tourism sector stakeholders through Italian experts.
On multilateral front, Ambassador Jauhar Saleem informed that Pakistan had been elected President of IDLO for two years which would help in promoting Pakistan`s leading role on different forums alongwith taking advantage of IDLO`s technical assistance for Pakistan.