Spanish companies invited for joint ventures with local businesses
He said that our imports from Spain have jumped from $144 million to $215 million.
(APP) – Commerce Secretary Sardar Ahmad Nawaz Sukhera on Tuesday invited Spanish companies to visit Pakistan, and hold business meetings with Pakistani counterparts and to establish joint ventures in Pakistan.
There are huge opportunities for Spanish investors to take advantage of the Pakistani market as well as of the Chinese market after the China-Pakistan Free Trade Agreement (FTA) Phase-II, Secretary Commerce said in a meeting with the Ambassador of Span to Pakistan, Manuel Duran Gimenez-Rico.
Spanish Ambassador welcomed the suggestion and assured that such B2B interaction between business communities would be encouraged, said a press release issued by the commerce ministry.
The secretary thanked the ambassador for continued support to Pakistan in acquiring and maintaining European Union’s, Generalised System of Preferences (GSP- Plus) status.
He highlighted that prior to GSP Plus status, the bilateral trade between the two countries was $851 million which currently stands at $1.18 billion.
Pakistan’s exports have increased from $707 million in 2013-14 to $965 million in 2017-18, he said.
He said that our imports from Spain have jumped from $144 million to $215 million.
While expressing satisfaction over the consistent rise in bilateral trade, the Spanish Ambassador assured that Spain would continue to support Pakistan in retaining GSP Plus status and enhancing bilateral trade.
