KARACHI, Dec 14: Spain is negotiating with Pakistan for the signing of avoidance of double taxation agreement to increase trade between the two countries. This was stated by Spanish Ambassador to Pakistan Jose Mario Robles Fraga during a meeting with members of the FPCCI led acting president Akbar Abdullah here on Wednesday, says a statement of the federation.

He said Spain was the biggest user of renewable sources of energy. It has the technology to construct dams and has constructed dams in Chile, Argentina and Brazil. Spanish parties have constructed Islamic University of Saudi Arabia and Petronas Towers in Malaysia.

Spain was negotiating a wind-power project in Sindh.

Akbar Abdullah stressed the need for collaboration and joint ventures in areas like pharmaceutical manufacturing, electrical appliances, engineering goods, gas heaters, gas kits, TV and satellite antenna, agro-based industries, minerals and mineral-based industries.

The ambassador, who was accompanied by commercial attaché of Spain, Francisco Alfonso, and Spain’s honorary consul general in Karachi, M.I. Akbar, stressed the need for close contacts between the FPCCI and the Spanish chamber for forging cooperation between businessmen of the two countries.—APP