Spain keen to support Pakistan through technology transfer

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VIAImran Rana
SOURCEThe Express Tribune
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FAISALABAD:  The Spanish ambassador is set to visit Faisalabad next month to evaluate brewing opportunities in the wake of the China-Pakistan Economic Corridor (CPEC) to enhance bilateral trade between Faisalabad and Spain.

Faisalabad Chamber of Commerce and Industry (FCCI) President Syed Zia Alumdar Hussain met with Spanish Ambassador Manuel Duran to discuss various issues related to bilateral trade.

The Spanish ambassador acknowledged the importance of Faisalabad in the economy of Pakistan and termed it a city hard to be ignored because of its excellence in textiles. “Spain is ready to support Pakistan by transferring latest technology for upgrade of its existing industrial units in addition to processing its agriculture produce,” he added.

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Hussain highlighted that predominantly Pakistan was an agro-industrial country and was listed among top countries known for production of milk and meat in addition to the rest of agriculture produce.

Noting that Pakistan exported raw or semi-finished goods despite its production edge, he stressed that the country needed latest technology to produce finished products to cater to the needs of the developed world.

Voicing hope that Spain would support Pakistan in technology transfer, the FCCI president invited Spanish ambassador to the chamber for personally evaluating its export potential in addition to interacting with local business community. Furthermore, he floated a proposal to send a trade delegation to Spain so that direct relations could be cultivated between the business communities of the two countries.

Published in The Express Tribune, February 28th, 2019.

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