“Trade between Pakistan and Spain has been hovering around one billion dollar and concrete steps are needed to exploit untapped potential by encouraging frequent exchange of trade delegations and organising single country exhibitions in each other countries” , said Ambassador of Spain to Pakistan Carlos Morales.

Pakistani exports had recorded a phenomenal increase of 44 percent immediately after the grant of GSP plus status to Pakistan by European Union (EU) in 2014.

The country’s exports are restricted to textile and hence it should diversify its export base to further increase its exports particularly in Information Technology and food sector.

It produces a large number of agricultural products but lacks processing and value-addition.