Italian Prime Minister Giorgia Meloni recently made her first official trip to China, where she signed a three-year plan to strengthen the strategic partnership between the two countries. The visit aimed to reinvigorate the relationship between Rome and Beijing and boost economic cooperation, particularly in the automotive sector.
The agreement signed during the visit focused on boosting Italy’s automotive industry, which is seen as a key sector for both countries. President of the Italian Association of the automotive industry ANFIA, Roberto Vavassori, highlighted the positive political support received from both Chinese and Italian leaders, emphasizing the need for Chinese companies to invest in Italy.
The partnership also prioritized electric vehicles and renewable energies, with plans to bring vehicle manufacturing to Europe, and specifically Italy. Vavassori stressed the importance of Italy increasing its vehicle production to better compete with China, which manufactures significantly more vehicles.
As Italy and other EU member states navigate their engagement with China, experts note the complexity of outlining a cohesive China policy. Italy’s focus on a bilateral partnership differs from the Belt and Road Initiative, demonstrating a unique approach to relations with China.
Meloni also addressed the disparity in investments between Italy and China, with Chinese investments in Italy currently only a third of Italian investments in China. She pledged to work towards increasing Chinese investments in Italy to balance the relationship between the two countries. This trip marks a significant step in strengthening ties between Italy and China and fostering greater cooperation in key sectors.
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