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Beijing Expects Improved Relations With New Italian Government

Beijing expects improved relations with new Italian government

Beijing Expects Improved Relations With New Italian Government

Rome, Italy (PortSEurope) September 10, 2019 – During a routine press conference held in Beijing on Monday 9 September, Chinese Foreign Ministry spokeswoman Hua Chunying said that the Chinese government intends to continue to intensify cooperation with their Italian counterparts, promoting Sino-Italian friendly cooperation to obtain more profitable results for both parties.

Former Deputy Prime Minister and Minister of Economic Development, Luigi Di Maio is the new Minister of Foreign Affairs and International Cooperation.

Regarding prospects for bilateral relations and the cooperation of the two foreign ministries, Hua Chunying said that Di Maio held an important position in the previous government and visited China several times, signing the MoU with the Chinese authorities for the intergovernmental cooperation under the “Belt and Road Initiative”(new Silk Road).

In March this year, a total of 19 institutional agreements and 10 commercial agreements were signed during the state visit of President Xi Jinping of China to Italy, covering a wide range of themes and industry sectors – all dominated by an overall non-binding agreement for Italy to cooperate with China in the latter’s new Silk Road.

For the transport sector, the key agreement was the: “Memorandum of Understanding (MoU) between the Italian government and the government of China on cooperation within the framework of the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative”.

This non-binding agreement should help generate investment worth tens or even hundreds of millions of euros in the Italian ports of Genoa and Trieste. The clear beneficiaries from the Italy-China relationship are the ports of Genoa and Trieste, which both signed commercial agreements with state-owned China Communication Construction Company (CCCC).

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