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Gulf Press > World > Italy and China plan to strengthen economic relations after Meloni-Xi meeting
World

Italy and China plan to strengthen economic relations after Meloni-Xi meeting

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Last updated: 2024/07/29 at 1:09 PM
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Italian Prime Minister Giorgia Meloni recently made her first official visit to China to meet with President Xi Jinping in an effort to strengthen bilateral cooperation between the two countries. During her five-day trip, Meloni emphasized the importance of enhancing economic, cultural, and scientific ties with China while paying homage to the historical Silk Road journey of Marco Polo. Meloni’s visit coincided with the anniversaries of the 20-year strategic partnership between China and Italy, as well as the 700-year anniversary of Marco Polo’s passing.

Meloni’s discussions with President Xi centered around the significance of maintaining strong relations between China and Italy in the face of a rapidly changing global landscape. Both leaders highlighted the historical connection between their countries along the Silk Road and stressed the importance of upholding the spirit of mutual cooperation and understanding. Despite Italy’s previous withdrawal from China’s Belt and Road Initiative, the leaders signed new agreements aimed at fostering trade and collaboration in various sectors.

The Belt and Road Initiative, spearheaded by President Xi, seeks to enhance global trade connectivity through investments in infrastructure projects worldwide. While the initiative has faced criticism for its political motives, Meloni’s recent agreements with China suggest a renewed effort to engage in mutually beneficial partnerships. The leaders also explored ways to address trade tensions, including the imposition of tariffs on China-made electric vehicles by the European Union, with Italy’s support.

Meloni’s visit to China included discussions with Chinese Premier Li Qiang on advancing cooperation in industry, food safety, education, and electric vehicles. The signing of a three-year action plan aimed at implementing previous agreements and exploring new forms of collaboration reflects the commitment of both countries to deepen their relationship. The strategic partnership on electric vehicles signals a shared commitment to innovation and sustainable development in the automotive industry.

By reviving historical ties along the Silk Road and embracing opportunities for modern collaboration, Italy and China are paving the way for a stronger partnership based on mutual respect and shared goals. Meloni’s visit to Beijing signifies a renewed commitment to dialogue and cooperation in the face of global challenges. As both countries navigate the complexities of the contemporary international landscape, their shared history and commitment to progress offer a promising foundation for future cooperation and mutual prosperity.

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News Room July 29, 2024
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