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Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas Ferrarese

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 77th Anniversary of Republic Day of Italy

Italy is a true friend of Pakistan amongst EU nations: Khawaja Asif

Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas FerrareseBy Naveed Ahmed Khan    Photo by Raja Farid

 ISLAMABAD— Italian Ambassador to Pakistan Andreas Ferrarese hosted a grand reception to mark the 77th anniversary of the Republic Day of Italy at Serena Hotels, Islamabad. The event was attended by many Ambassadors, Head of Missions, Defence Attaches and Pakistanis from different walks of life and media persons.

Governor Punjab Muhammad Balighur Rehman, Deputy Speaker National Assembly of Pakistan Zahid Akram Durrani, Federal Minister for Defence, Khawaja Asif, Senator Mushahid Hussain Sayed, Chairman Parliamentary Committee on China-Pakistan Economic Corridor (CPEC), Maulana Syed Muhammad Abdul Khabir Azad, Chairman Central Ruet-e-Hilal Committee Pakistan, Ambassador of Turkmenistan and Dean of Diplomatic Corps H.E. AtadjanMovlamov were also present on occasion to exchange their views on various issues.

Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas FerrareseDefence Minister Khawaja Muhammad Asif has said both Pakistan and Italy enjoy excellent relations adding this relationship is poised to grow more in the coming days. He expressed these views while speaking on the 77th anniversary of the Republic Day of Italy. He further added that Italy was an important county in the European Union and had always supported Pakistan on important issues including the grant of GSP plus status. He said Pakistan duly recognized the Italian goodwill gesture.

The Italian Ambassador Andreas Ferrarese said in his speech that our cooperation encompasses, but is not limited to political, economic, cultural, and social spheres. Italy values the vital support and continued cooperation that Pakistan extended to the international community. Both countries appreciate the importance of people-to-people contacts that foster bilateral ties. The Embassy is strongly committed to improving and extending consular services.

Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas FerrareseTalking about the joint commission he said, the 5th Italy-Pakistan Joint Economic Commission (JEC) took place on 29-30 May in Rome, where the two sides agreed to establish a joint framework to deal with climate change and cooperation in water management. Both sides signed an important “Roadmap for Cooperation” which covers climate change, trade & investment, heritage & culture, agriculture, technical cooperation, higher education, and transfer of technology in related sectors.

The ambassador further said, “We shall continue to explore the avenues with a focus on agriculture, renewable energy, textiles, construction, and tourism. Collaboration in fields of textiles, agriculture, livestock, marble, pharmaceuticals, and mass manufacturing will help enhance Pakistan’s industrial scope and increase exports of value-added goods”.

Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas FerrareseHe said, with a population of around 240 million, and a constantly growing demand for high-end products, Pakistan continues to be an attractive market for Italian companies and businesses.  Some renowned Italian companies have established their presence in the Pakistani market lately, he added.  “Italy remains among the top ten exporting countries for Pakistan in the world, and the third major trade partner in the EU. Both our countries are in favour of the trade liberalization scheme at the World Trade Organization and contest the idea of unilateralism” he said.

“Italian Agency for Development Cooperation (AICS) has supported several projects in fields of agriculture, health, and infrastructure in diverse regions of the country”

The ambassador further shared that in addition to economic affairs, Italy remained active in community uplift projects and several fruitful programs in various fields had been accomplished in Pakistan. “Italian Agency for Development Cooperation (AICS) has supported several projects in fields of agriculture, health, and infrastructure in diverse regions of the country. We are excited to see the initial success of the “Olive Culture Project” in Pakistan that would bear tangible fruits for the country in the future “, he added.

Italy enjoys bilateral ties with Pakistan in multiple spheres: Andreas FerrareseThe envoy said Italy’s archaeological Mission was one of the oldest present missions in Pakistan and had made great contributions to Pakistan’s already rich archaeological scene. He added, “Italians’ love for Pakistani mountains is no secret and that reflects through their activities of conservation and uplift of Pakistan’s mountainous areas.” The Embassy of Italy in Islamabad is committed to further strengthening bilateral ties, to take mutual trade to its natural size.  “We look forward to a deeper collaboration with the Pakistani business community, relevant bodies such as chambers of commerce and industry in both countries” he added.

The ambassador said that this year we also celebrating the 75th anniversary of the diplomatic relations between Italy and Pakistan. “The time-honoured Italy-Pakistan relations are marked by emergent bilateral cooperation and harmony of views on a great range of issues. Our cooperation encompasses but is not limited to political, economic, cultural, and social spheres. Italy values the vital support and continued cooperation that Pakistan extended to the international community” the ambassador said.

H.E. Andreas Ferrarese added to his views that with a community exceeding 180,000, Italy is home to the largest Pakistani diaspora in Europe (post-Brexit) and their contribution to the Italian economy, as well as to that of their native country was remarkable. He said, “Worker remittances from Italy to Pakistan have been at an all-time high in the past two years (more than 1 billion Euro per year). Italy was the seventh largest source of worker remittances to Pakistan globally, and the top one within the EU countries.”

Italian Trade Commissioner for Pakistan Amedeo Scarpa said that the Italian Trade Agency (ICE) is a government trade and investment promotion agency whose duty was to develop, facilitate and promote the economic and trade relations of Italy with other countries, with particular emphasis on the needs of small and medium-sized businesses. “Italy stands among the top ten trading partners of Pakistan. Italian industrialists have been enjoying good trade relations with their Pakistani counterparts for the past many decades” he added.  However, there are still large margins for further improving such trade by enhancing trade promotion activities to be realized in both countries, he added.

He said that Pakistan’s exports of goods and services to Italy witnessed an increase of 35.58% during the first three quarters of the fiscal year (2021-22) compared to the exports of the corresponding period of last year.   The overall exports to Italy he said were at $758.795 million during July-March (2021-22) against exports of $559.664 million during July- March (2020-21). And this is above the average considering that Pakistan’s exports to other countries had an increase of 26.64% in nine months (from US $18.713 billion to US $ 23.699 billion).  He said, on a year-to-year basis, the imports from Italy increased by 98.32%, going up from $43.320 million in March 2021 against the exports of $85.916 million in March 2022. Meanwhile, on a month-to-month basis, the imports from Italy witnessed a surge of 47.31% in March 2022 compared to the exports of $58.323 million in February 2022.

The cake-cutting ceremony took place after playing the national anthems of both countries. Mr. Andreas Ferrarese is very famous in the Pakistani community therefore, guests in larger numbers opted to attend the event. At the end of event, the guests enjoyed Italian cuisine specially prepared for this occasion under the supervision of well-known Malaysian Chef, Pathmanathan Balagangdaram, Executive Chef of Serena Hotels.

 

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