Seeking fairer trade relations with China -Meloni in Beijing
Premier announces memorandum on electric cars and renewables
(see related) Premier Giorgia Meloni said Sunday
that her government was trying to bring about "fairer" trade
relations with China as she attended a business forum at
Beijing's Great Hall of the People as part of her official visit
to the country.
"The Italy-China business forum is a great opportunity to
strengthen our partnership by reflecting on the strengths and
weaknesses, on what has worked and what has not, and to do so
with the common goal of making trade relations increasingly fair
and advantageous for all," Meloni said.
Italy has a big trade deficit with China and there is also an
imbalance when it comes to investments.
"Chinese investment in Italy is about a third of the level of
Italian investments in China," she said.
"It's a gap that I'd like to see narrowed in the right way".
Meloni announced that six agreements had been signed in fields
ranging from industry to food safety and education.
"The Memorandum of Industrial Cooperation that we have signed is
a significant step," she said.
"It now includes strategic industrial sectors such as electric
mobility and renewables, sectors where China has already been
operating on the technological frontier for some time.
"This requires it to act as a fully developed economy, which it
is, sharing the new frontiers of knowledge with its partners".
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