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The 12th Meeting of China-Italy Joint Commission for Economic and Trade Cooperation held in Rome

MOFCOM

2017-06-21

 

China International Trade Representative and Vice Minister of Commerce Fu Ziying and Italian Vice Minister of Economic Development Ivan Stafaroto co-chaired the 12th meeting of China-Italy Joint Commission for Economic and Trade Cooperation in Rome on June 14. The two sides exchange views on issues concerning implementing the leaders’ consensus, strengthening trade and economic cooperation under the framework of Belt and Road Initiative, playing the role of China-Italy Joint Commission for Economic and Trade Cooperation and China-Italy Entrepreneurs Committee, strengthening cooperation in new areas like sea transport, aviation and agricultural areas, promoting investment facilitation, strengthening IPR protection, and deepening China-Europe trade and economic relations. Extensive consensus has been made.

 

Fu Ziying said that President Xi Jinping and Premier Li Keqiang have met with the visiting Italian Prime Minister Paolo Gentiloni respectively during the Belt and Road Forum for International Cooperation held in May, and leaders of both sides have made major consensus on raising China-Italy Comprehensive Strategic Partnership to a new level. In recent years, China-Italy bilateral trade has made steady growth, two-way investment has grown rapidly, and fruitful achievements have been made in energy conservation and environmental protection, medical health, sustainable urbanization, agriculture modernization and aeronautical and space cooperation. China is Italy’s largest trading partner in Asia and Italy is China’s 5th largest trading partner in EU. To further strengthen bilateral trade and economic cooperation under the framework of Belt and Road Initiative and step up common development, Fu Ziying suggested: 1. We should strengthen the docking of bilateral economic development strategies, expand cooperation in infrastructure areas and the third party market; 2. We should lead local and SMEs cooperation through China-Italy industrial cooperation zones; 3. We should fully play the double tracks’ role of China-Italy Joint Commission for Economic and Trade Cooperation and China-Italy Entrepreneurs Committee and continue to expand the size of trade and investment; 4. We hope Italy to play a more important and positive role in EU, jointly uphold trade liberalization and promote China-EU Investment Treaty negotiations.

 

Stafaroto first expressed congratulations to China for the successful Belt and Road Forum for International Cooperation held in Beijing. Leaders of both sides made frequent visits at present, which has created new room for the development of bilateral trade and economic relations. China-Italy trade and economic relations are satisfying; areas of cooperation have been becoming wider and deeper. China is Italy’s third largest source of imports and fifth largest destination of exports. The bilateral trade and investment grew rapidly with great potential. Italy would like to strengthen cooperation with China in sea transport, aviation and infrastructure areas under the framework of Belt and Road Initiative and increase exports of farm products to China. He hoped that China could actively help with e Italy’s specific concern and Italy would like to continue to play its role in EU, jointly uphold trade liberalization with China and step up the China-EU Investment Treaty negotiations as soon as possible.

 

After the meeting, China International Trade Representative and Vice Minister of Commerce Fu Ziying and Italian Vice Minister of Economic Development Ivan Stafaroto jointly signed the Minutes of the Meeting and MOU on Strengthening China-Italy Trade and Economic Cooperation in Medical Health Area.

 

 
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