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Spanish firms asked to benefit from Pakistan’s liberal investment regime

February 09, 2023

The Foreign Office has said the fifth round of Pakistan-Spain annual bilateral consultations held in Madrid discussed the need to further strengthen and diversify the relations between the two countries.  The two sides agreed to expand cooperation in trade, economy, agriculture, renewable energy, tourism, digitalisation, startups and food processing areas, a statement issued by FO said.

The Pakistan side was led by Foreign Secretary Dr Asad Majeed Khan, while the Spanish side was led by Secretary of State for Foreign and Global Affairs Ángeles Moreno Bau. The foreign secretary was assisted by Ambassador of Pakistan to Spain Shujat Ali Rathore and senior officials.

The foreign secretary underscored the importance that Pakistan attaches to the GSP Plus status awarded to it by the European Union, and thanked the Spanish side for its continued support in that regard. Asad Majeed also invited the Spanish companies to take advantage of Pakistan’s liberal investment regime and produce, source and market products in Pakistan.

The two sides discussed climate change issues and agreed to intensify cooperation to address the challenges posed by the phenomenon. The foreign secretary briefed Moreno Bau about the International Conference on Climate Resilient Pakistan held in Geneva last month and appreciated the international community, including Spain, for the generous support to Pakistan. Issues of regional and global importance were also discussed.

Credit: Independent News Pakistan-WealthPk