Need to enhance Pakistan, Spain trade relations

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ISLAMABAD: Javier M Carbajosa Sanchez Ambassador of Spain to Pakistan at Islamabad Chamber of Commerce and Industry (ICCI) said political relations between two countries were good, however trade relations need to be further enhanced.

Many Eurozone countries were facing economic slowdown, but Spain is reviving its economy on fast-pace. Spain is world-leader in renewable energy in wind, solar, etc and Spain produces 25 percent energy from renewable sources, which is highest in Europe.

Spanish cellular phone service provider O2 first cellular service provide in Europe, world-class infrastructure facilities and outstanding financial institutional system. Cooperation could be materialised in the areas of textiles, banking, transportation, construction and dairy products as Pakistan is the 4th largest producer of milk, he added.

Zafar Bakhtawari President ICCI urged the Ambassador to invite Spanish investors to invest in renewable energy solutions, as Spain was one of the world’s leading countries in the development and production of Renewable Energy. He said that Spain has great importance for Pakistan as around 70,000 Pakistanis were working there and contributing in the development of Spanish economy as well as giving blood to the Pakistan economy in form of remittances.

Increased number of parliamentary exchanges could pave create better understanding between Pakistan and Spain. He said organising of joint cultural shows and frequent exchange of business delegations were the options which could bring people of both the countries closer to each other that would eventually enhance the mutual cooperation between Pakistan and Spain.

Spain is the 4th largest trading partner of Pakistan in Europe and current trade volume between Pakistan and Spain was stood around 800 million euros, which would be further enhanced by tapping true trade potential between both countries. He appreciated the role of Spanish envoy in strengthening relations between Pakistan and Spain, hoping he would continue to work for furthering friendly relations between the two countries.



Courtesy: Daily Times

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