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Italy, Pakistan looking at strengthening textile trade ties

  

Andreas Ferrarese, Italian Ambassador to Pakistan announced Italy wanted to start a new era of economic and trade cooperation with Pakistan through transfer of technology and for up-gradation of Pakistan’s textile industry. Reports suggest, Green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and health are major areas of focus to extend bilateral cooperation. Through the green economy, Italy wants to cooperate with Pakistan for environment protection, circular economy, resource saving and management, ecosystem protection and recovery, water conservation and natural disaster prevention. The Italy-Pakistan Textile Technology Center (IPTTC) in Faisalabad at the National Textile University (NTU) shall upgrade the local textile sector. The training centre, which is the first of its kind for Italian textile machinery technology in Pakistan, was inaugurated recently. The Italian government project will support the development of the local textiles industry, by equipping it with Italian machinery.

Pakistan exports to Italy were $.731million during fiscal year 2019-20 with textile, leather, rice, ethanol, textiles articles, sets, worn clothing, cotton, apparel, crocheted, cereals, raw hides and skins, beverages and footwear. Currently, Italy is providing technical assistance to Pakistan’s textiles, leather and marble sectors.

 
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